Marisa Hernandez's questions to Arcos Dorados Holdings Inc (ARCO) leadership • Q1 2025
Question
Marisa Hernandez requested clarification on the full-year 2025 EBITDA margin outlook and commented on the sales deceleration in NOLAD and Brazil, asking about the underlying consumption trends.
Answer
CFO Mariano Tannenbaum clarified that the company expects the full-year 2025 consolidated EBITDA margin to be similar to 2024's, excluding the prior year's one-time payroll credits in Brazil. CEO Marcelo Rabach attributed the Q1 sales slowdown to calendar effects and a volatile consumer environment but noted that trends are improving and the company is focused on protecting traffic.