Thiago Bortolucci's questions to Arcos Dorados Holdings Inc (ARCO) leadership • Q2 2025
Question
Thiago Bortolucci from Goldman Sachs asked about the balance between foot traffic, pricing, and profitability in Brazil, what initiatives might reignite same-store sales, and for preliminary demand trends in July for Brazil and Mexico.
Answer
CEO Luis Raganato acknowledged a challenging macro environment in Brazil where positive comparable sales were driven by higher average check rather than traffic volume. He highlighted the success of the 'Mekidojia' value campaign and the 'Mekifest' digital campaign in increasing visit frequency and identified sales. Raganato confirmed that Mexico's strong sales performance was continuing into the third quarter.