Arcos Dorados Holdings Inc SEC Filings

Arcos Dorados (ARCO) reported strong third‑quarter 2025 results. Total revenue reached $1.2 billion (up 5.2% year over year), driven by 12.7% systemwide comparable sales growth and balanced performance across Brazil, NOLAD and SLAD. Adjusted EBITDA rose to $201.1 million with a 16.9% margin, reflecting operating efficiencies and a Brazil federal tax credit. EPS was $0.71 versus $0.17 a year ago. The tax credit delivered a total net benefit of $125.2 million, including $85.6 million in Operating income and $39.6 million in Interest income and other financing results.

Digital channels generated 61% of systemwide sales, while Loyalty reached 23.6 million registered members. The company opened 22 restaurants in the quarter (19 free‑standing), ending with 2,479 units; 72% of the portfolio is modernized. Net debt to Adjusted EBITDA was 1.2x. Year‑to‑date, operating cash flow was $163.9 million and capex was $179.9 million. Arcos Dorados also entered a new $200 million syndicated revolver at SOFR + 2.10% to 2.40% with a four‑year maturity and optional one‑year extension.

Arcos Dorados (ARCO) reported stronger year-to-date 2025 results in its unaudited 6-K. Total revenues reached $3,411,716 for the nine months ended September 30, 2025, slightly above $3,325,942 a year ago. Operating income rose to $254,790 from $221,595, and net income attributable to the company more than doubled to $186,946 from $90,355. Basic and diluted EPS were $0.89 versus $0.43.

The balance sheet expanded as total assets increased to $3,566,165 from $2,892,654, reflecting capital investments and financing. The company issued $600,000 of 2032 Senior Notes at 6.375% and fully retired its 2027 Notes; 2029 Notes stood at $350,000. Net interest expense and other financing results improved to $(8,004) from $(39,059). Cash from operations was $163,918; investing used $266,925, and financing provided $158,949. Cash and equivalents were $182,797.

Liquidity and covenants appear solid: a new $200,000 syndicated revolver was established and was undrawn as of issuance; the consolidated net indebtedness to EBITDA ratio was 1.23x, below the 3.00x covenant. The company reaffirmed commitments under new Master Franchise Agreements effective January 1, 2025, and disclosed Brazilian federal tax credits of $134,100 recognized across current and non-current assets.

Arcos Dorados (ARCO): Schedule 13G/A — Pzena Investment Management, LLC reported beneficial ownership of 11,427,294 shares of common stock, representing 8.7% of the class, as of the event date 09/30/2025.

Pzena reports sole voting power over 7,244,265 shares and sole dispositive power over 11,427,294 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Clients of the investment manager have the right to receive dividends and sale proceeds related to the reported securities, and no single client’s interest relates to more than five percent of the class.

Arcos Dorados Holdings Inc. announced it has entered into a new $200,000,000 syndicated revolving credit facility, according to a press release dated October 6, 2025. The disclosure describes a committed, syndicated revolver sized at $200M, indicating the company has arranged a pool of lenders for revolving liquidity. The report is signed by Roman Ajzen, identified as Chief Legal Officer.

The filing provides a clear, single update: the company secured a new syndicated revolving line of credit for $200,000,000. No further financial terms, maturities, borrowing costs, covenants, use of proceeds, or lender identities are disclosed in the provided text.

College Retirement Equities Fund - Stock Account (CREF SA) filed an amended Schedule 13G reporting ownership in Arcos Dorados Holdings Inc. CREF SA discloses beneficial ownership of 349,948 shares, representing 0.27% of the class. The filer states it has shared voting power and shared dispositive power over 296,574 shares and no sole voting or dispositive power. The filing notes certain affiliated advisers (TCIM, TAL, NAM) may be deemed beneficial owners of smaller amounts and confirms the shares were acquired in the ordinary course of business and not to influence control.

Teachers Advisors, LLC filed Amendment No. 11 to Schedule 13G/A reporting holdings in Arcos Dorados Holdings Inc.-A (CUSIP G0457F107). The filing lists two reported holdings figures: a table showing 52,656 shares (stated as 0.04% of the class) for which TAL has sole voting and dispositive power, and Item 4(a) reporting an aggregate beneficial ownership of 349,948 shares (stated as 0.27% of the class) with a cross-reference to Exhibit A. The filing states these shares were acquired in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

The filing provides TAL's address in New York and its Delaware organization, identifies related entities (NAM and TCIM) that may be deemed beneficial owners of small amounts, and is signed by Stuart R. Brunet, Managing Director and Chief Compliance Officer, dated 09/04/2025.

TIAA-CREF Investment Management, LLC reports beneficial ownership in Arcos Dorados Holdings Inc.-A common stock totaling 349,948 shares (0.27% of the class). The filing also shows 296,574 shares over which TCIM has sole voting and dispositive power. A related affiliate, Teachers Advisors, LLC, may be deemed beneficial owner of 52,656 shares, and Nuveen Asset Management may be deemed owner of 718 shares. The filing states these shares were acquired in the ordinary course of business and not to influence control of the issuer.

Nuveen Asset Management, LLC filed an Amendment No. 11 to a Schedule 13G/A reporting its holdings in Arcos Dorados Holdings Inc.-A (ticker ARCO). The filing states NAM beneficially owns 349,948 shares, representing 0.27% of the class, while NAM itself directly has sole voting and dispositive power over 718 shares. The filing discloses related advisory affiliates: TIAA-CREF Investment Management, LLC may be deemed beneficial owner of 296,574 shares held by CREF, and Teachers Advisors, LLC may be deemed beneficial owner of 52,656 shares held by certain funds and accounts. The filing affirms the shares were acquired in the ordinary course of business and not for the purpose of changing control.

Lazard Asset Management LLC filed a Schedule 13G reporting ownership of 14,987,284 shares of Arcos Dorados Holdings Inc (CUSIP G0457F107), representing 11.5% of the equity class. The filing shows sole voting power for 9,530,924 shares and sole dispositive power for all 14,987,284 shares. The reporting person is organized in New York with a principal office at 30 Rockefeller Plaza, New York, NY. The certification states the shares were not acquired to change or influence control of the issuer. The statement is signed by Mark Anderson, Managing Director, General Counsel.