Thiago's questions to Arcos Dorados Holdings Inc (ARCO) leadership • Q4 2024
Question
Thiago from an unknown firm asked a multi-part question regarding Brazil's Q4 performance, including the drivers of comparable sales, performance across different sales channels, and the outlook for cost pressures in 2025.
Answer
CEO Marcelo Rabach clarified that Brazil's Q4 comps were driven by average check with flat traffic. COO Luis Raganato added that front counter and delivery channels performed well, while drive-thru moderated from pandemic highs. CFO Mariano Tannenbaum reiterated that 2025 cost pressure is mainly from Brazil beef costs, which they aim to offset via efficiencies and improvements in other divisions.