Arcos Dorados Holdings Inc - Class A

Arcos Dorados Holdings Inc. is the world's largest independent McDonald's franchisee and operates the largest quick service restaurant chain in Latin America and the Caribbean. The company holds exclusive rights to own, operate, and grant sub-franchises of McDonald's restaurants across 21 countries and territories in the region. As of June 30, 2026, it operated 2,548 restaurants (1,830 company-operated and 718 sub-franchised) employing more than 100,000 people. The company operates through three geographic divisions: Brazil (1,250 restaurants), NOLAD (670 restaurants covering Mexico, Central America, and the Caribbean), and SLAD (628 restaurants covering South American markets including Argentina). Arcos Dorados generates revenue through company-operated restaurant sales and franchise fees/royalties from sub-franchised locations. The company has invested heavily in restaurant modernization, with 77% of its portfolio offering the most modernized experience in the Latin American QSR industry. Digital channels including self-order kiosks, delivery, and a loyalty program with 34.3 million members represented 66% of systemwide sales. The company also operates McCafes (496 locations) and Dessert Centers (3,267 locations). Arcos Dorados is listed on the New York Stock Exchange under the ticker ARCO. Updated Aug 13, 2026