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    Melissa Byun

    Research Analyst at Bank of America

    Melissa Byun is an Equity Research Analyst at BofA Securities, Inc., specializing in the coverage of the regional banks sector. Having joined BofA Securities in May 2019 after her tenure as a Research Analyst at Merrill Lynch, she leverages deep expertise in institutional equity research for the U.S. financials space. Throughout her career, Byun has focused on providing actionable insights and analysis of regional banking companies, although specific performance metrics, covered company names, and detailed rankings such as TipRanks success rates are not publicly available. Her professional background includes roles at both BofA Securities and Merrill Lynch, reflecting a continuous commitment to the finance industry, with evidence of her active status as of 2024.

    Melissa Byun's questions to Arcos Dorados Holdings (ARCO) leadership

    Melissa Byun's questions to Arcos Dorados Holdings (ARCO) leadership • Q3 2024

    Question

    Melissa Byun of Bank of America asked for an update on consumption trends and the Experience of the Future (EOTF) rollout in Mexico, how the company is offsetting labor cost pressures, and for details on its food and paper cost hedging policy.

    Answer

    CEO Marcelo Rabach described Mexico's performance as 'extremely well,' with strong volume-led comp sales growth. He noted that with under 40% of restaurants modernized, the EOTF rollout and digitalization represent a significant future growth driver, and strong sales are helping leverage costs. CFO Mariano Tannenbaum explained the company's policy is to hedge 50% of projected food and paper costs 2-3 quarters in advance across five key markets to reduce volatility.

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