<p>阿科斯多拉多斯（Arcos Dorados）已召开其第三季度财报电话会议。以下是会议的主要亮点。</p>
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<p>阿科斯多拉多斯最近的财报电话会议描绘了一个总体积极的局面，展示了创纪录的收入和强劲的数字增长。尽管取得了这些成就，公司在巴西面临挑战，主要是由于输入成本压力。联邦税收抵免提供了一些缓解，但潜在的成本问题仍然令人担忧。</p>
<h2>创纪录的收入</h2>
<p>阿科斯多拉多斯报告第三季度总收入为 12 亿美元，创下单季度新高。这一成就得益于所有部门的美元增长平衡，突显了公司的强劲财务表现。</p>
<h2>强劲的可比销售</h2>
<p>系统范围内的可比销售增长了 12.7%，SLAD 表现突出，尤其是在阿根廷，以及墨西哥等部分 NOLAD 市场。这一增长反映了公司在多元市场推动销售的能力。</p>
<h2>数字和忠诚度计划增长</h2>
<p>数字渠道销售同比增长超过 11%，占系统范围内销售的 61%。忠诚度计划也实现了显著增长，会员人数增加近 50%，达到 2360 万，凸显了公司对数字参与的重视。</p>
<h2>新餐厅开业成功</h2>
<p>公司在本季度开设了 22 家新餐厅，助力其年度 90 至 100 家新开业的目标。这一扩张是阿科斯多拉多斯增加市场存在感和推动增长的战略的一部分。</p>
<h2>品牌实力和市场份额</h2>
<p>市场营销努力增强了品牌与消费者的联系，帮助保护或扩大市场份额，并支持各市场的表现。</p>
<h2>巴西数字销售改善</h2>
<p>在巴西，数字销售占系统范围内销售的近 72%，显示出外卖和自助点餐机的显著强劲，这些是公司数字战略的关键组成部分。</p>
<h2>积极的税收抵免影响</h2>
<p>公司受益于巴西 8560 万美元的净联邦税收抵免，预计将对现金流产生积极影响，在成本压力中提供一些缓解。</p>
<h2>调整后 EBITDA 下降</h2>
<p>不包括联邦税收抵免，调整后的 EBITDA 以美元计下降约 3%，主要由于持续的食品和纸张成本压力，突显了管理输入成本的持续挑战。</p>
<h2>巴西面临挑战</h2>
<p>巴西面临消费者和宏观经济挑战，客流量略有下降，食品和纸张成本上升影响了利润率，给公司带来了重大挑战。</p>
<h2>输入成本压力</h2>
<p>第三季度食品和纸张成本上升，尤其是在巴西，牛肉价格同比上涨 35%，影响了公司的盈利能力。</p>
<h2>NOLAD 持续压力</h2>
<p>尽管工资改善和较低的特许权使用费，NOLAD 的利润率仍受到食品和纸张成本、租金费用和管理费用的压力，显示出该地区的表现不一。</p>
<h2>前瞻性指导</h2>
<p>展望未来，阿科斯多拉多斯对其增长前景保持乐观。公司有望实现年度 90 至 100 家新餐厅开业的指导目标。预计数字销售将继续上升，受益于外卖和自助点餐机的强劲表现。忠诚度计划的扩展也预计将有助于可持续的收入增长，尽管在巴西等关键市场面临持续挑战。</p>
<p>总之，阿科斯多拉多斯的财报电话会议突显了强劲的财务表现，创纪录的收入和数字增长。然而，输入成本压力等挑战，特别是在巴西，仍然令人担忧。公司的战略举措，包括新餐厅开业和数字参与，预计将支持未来的增长，反映出谨慎乐观的前景。</p>

ARCO

<p>阿克罗斯多拉多斯在第三季度报告了创纪录的 12 亿美元收入，得益于强劲的数字增长和 12.7% 的可比销售增长。尽管由于原材料成本上升在巴西面临挑战，公司仍然开设了 22 家新餐厅，并在其忠诚度计划中实现了显著增长。联邦税收抵免提供了一定的缓解，但调整后的息税折旧摊销前利润（EBITDA）在不考虑该抵免的情况下下降了 3%。尽管面临持续的成本压力，公司对未来增长保持乐观，计划开设 90 到 100 家新店，并继续扩大数字销售</p>

<p>Arcos Dorados ((ARCO)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>阿科斯多拉多斯（Arcos Dorados）已召开其第三季度财报电话会议。以下是会议的主要亮点。</p>
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<div class="lb-trans"><h3>认识您的 ETF 人工智能分析师</h3>
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<div class="lb-trans"><ul>
<li>了解 TipRanks 的_ETF_人工智能分析师如何帮助您做出更明智的投资决策</li>
<li>探索 TipRanks 用户喜爱的 ETF，并查看 <strong>_ETF_人工智能分析师</strong> 对您关注的 ETF 所揭示的见解。</li>
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</div><p>The recent earnings call of Arcos Dorados painted a generally positive picture, showcasing record-breaking revenue and robust digital growth. Despite these achievements, the company faces challenges, particularly in Brazil, due to input cost pressures. A federal tax credit provided some relief, but underlying cost issues remain a concern.</p>
<div class="lb-trans"><p>阿科斯多拉多斯最近的财报电话会议描绘了一个总体积极的局面，展示了创纪录的收入和强劲的数字增长。尽管取得了这些成就，公司在巴西面临挑战，主要是由于输入成本压力。联邦税收抵免提供了一些缓解，但潜在的成本问题仍然令人担忧。</p>
</div><h2>Record-Breaking Revenue</h2>
<div class="lb-trans"><h2>创纪录的收入</h2>
</div><p>Arcos Dorados reported a total revenue of $1.2 billion for the third quarter, setting a new high for a single quarter. This achievement was marked by balanced US dollar growth across all divisions, highlighting the company’s strong financial performance.</p>
<div class="lb-trans"><p>阿科斯多拉多斯报告第三季度总收入为 12 亿美元，创下单季度新高。这一成就得益于所有部门的美元增长平衡，突显了公司的强劲财务表现。</p>
</div><h2>Strong Comparable Sales</h2>
<div class="lb-trans"><h2>强劲的可比销售</h2>
</div><p>System-wide comparable sales increased by 12.7%, with standout performances in SLAD, especially Argentina, and selected NOLAD markets such as Mexico. This growth reflects the company’s ability to drive sales across diverse markets.</p>
<div class="lb-trans"><p>系统范围内的可比销售增长了 12.7%，SLAD 表现突出，尤其是在阿根廷，以及墨西哥等部分 NOLAD 市场。这一增长反映了公司在多元市场推动销售的能力。</p>
</div><h2>Digital and Loyalty Program Growth</h2>
<div class="lb-trans"><h2>数字和忠诚度计划增长</h2>
</div><p>Digital channel sales grew by more than 11% compared to the previous year, accounting for 61% of system-wide sales. The loyalty program also saw significant growth, expanding by nearly 50% to 23.6 million members, underscoring the company’s focus on digital engagement.</p>
<div class="lb-trans"><p>数字渠道销售同比增长超过 11%，占系统范围内销售的 61%。忠诚度计划也实现了显著增长，会员人数增加近 50%，达到 2360 万，凸显了公司对数字参与的重视。</p>
</div><h2>Successful New Restaurant Openings</h2>
<div class="lb-trans"><h2>新餐厅开业成功</h2>
</div><p>The company opened 22 new restaurants in the quarter, contributing to its goal of 90 to 100 openings for the year. This expansion is part of Arcos Dorados’ strategy to increase its market presence and drive growth.</p>
<div class="lb-trans"><p>公司在本季度开设了 22 家新餐厅，助力其年度 90 至 100 家新开业的目标。这一扩张是阿科斯多拉多斯增加市场存在感和推动增长的战略的一部分。</p>
</div><h2>Brand Strength and Market Share</h2>
<div class="lb-trans"><h2>品牌实力和市场份额</h2>
</div><p>Marketing efforts have strengthened the brand’s connection with consumers, helping to protect or expand market share and support performance across various markets.</p>
<div class="lb-trans"><p>市场营销努力增强了品牌与消费者的联系，帮助保护或扩大市场份额，并支持各市场的表现。</p>
</div><h2>Improved Digital Sales in Brazil</h2>
<div class="lb-trans"><h2>巴西数字销售改善</h2>
</div><p>In Brazil, digital sales accounted for nearly 72% of system-wide sales, demonstrating notable strength in delivery and self-order kiosks, which are key components of the company’s digital strategy.</p>
<div class="lb-trans"><p>在巴西，数字销售占系统范围内销售的近 72%，显示出外卖和自助点餐机的显著强劲，这些是公司数字战略的关键组成部分。</p>
</div><h2>Positive Tax Credit Impact</h2>
<div class="lb-trans"><h2>积极的税收抵免影响</h2>
</div><p>The company benefited from an $85.6 million net federal tax credit in Brazil, which is expected to positively impact cash flows, providing some relief amid cost pressures.</p>
<div class="lb-trans"><p>公司受益于巴西 8560 万美元的净联邦税收抵免，预计将对现金流产生积极影响，在成本压力中提供一些缓解。</p>
</div><h2>Decline in Adjusted EBITDA</h2>
<div class="lb-trans"><h2>调整后 EBITDA 下降</h2>
</div><p>Excluding the federal tax credit, adjusted EBITDA in US dollars declined by about 3%, primarily due to continued food and paper cost pressures, highlighting ongoing challenges in managing input costs.</p>
<div class="lb-trans"><p>不包括联邦税收抵免，调整后的 EBITDA 以美元计下降约 3%，主要由于持续的食品和纸张成本压力，突显了管理输入成本的持续挑战。</p>
</div><h2>Challenges in Brazil</h2>
<div class="lb-trans"><h2>巴西面临挑战</h2>
</div><p>Brazil faced consumer and macroeconomic challenges, with guest volumes slightly down and elevated food and paper costs affecting margins, posing a significant challenge for the company.</p>
<div class="lb-trans"><p>巴西面临消费者和宏观经济挑战，客流量略有下降，食品和纸张成本上升影响了利润率，给公司带来了重大挑战。</p>
</div><h2>Input Cost Pressures</h2>
<div class="lb-trans"><h2>输入成本压力</h2>
</div><p>The third quarter saw elevated food and paper costs, especially in Brazil, with beef prices increasing by 35% year over year, impacting the company’s profitability.</p>
<div class="lb-trans"><p>第三季度食品和纸张成本上升，尤其是在巴西，牛肉价格同比上涨 35%，影响了公司的盈利能力。</p>
</div><h2>Continued Pressure in NOLAD</h2>
<div class="lb-trans"><h2>NOLAD 持续压力</h2>
</div><p>NOLAD’s margin was pressured due to food and paper costs, occupancy expenses, and G&amp;A, despite improved payroll and lower royalties, indicating a mixed performance in the region.</p>
<div class="lb-trans"><p>尽管工资改善和较低的特许权使用费，NOLAD 的利润率仍受到食品和纸张成本、租金费用和管理费用的压力，显示出该地区的表现不一。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Arcos Dorados remains optimistic about its growth prospects. The company is on track to meet its annual guidance of 90 to 100 new restaurant openings. Digital sales are expected to continue their upward trajectory, driven by strong performances in delivery and self-order kiosks. The loyalty program’s expansion is also anticipated to contribute to sustainable top-line growth, despite ongoing challenges in key markets like Brazil.</p>
<div class="lb-trans"><p>展望未来，阿科斯多拉多斯对其增长前景保持乐观。公司有望实现年度 90 至 100 家新餐厅开业的指导目标。预计数字销售将继续上升，受益于外卖和自助点餐机的强劲表现。忠诚度计划的扩展也预计将有助于可持续的收入增长，尽管在巴西等关键市场面临持续挑战。</p>
</div><p>In conclusion, Arcos Dorados’ earnings call highlighted a strong financial performance with record-breaking revenue and digital growth. However, challenges such as input cost pressures, particularly in Brazil, remain a concern. The company’s strategic initiatives, including new restaurant openings and digital engagement, are expected to support future growth, reflecting a cautiously optimistic outlook.</p>
<div class="lb-trans"><p>总之，阿科斯多拉多斯的财报电话会议突显了强劲的财务表现，创纪录的收入和数字增长。然而，输入成本压力等挑战，特别是在巴西，仍然令人担忧。公司的战略举措，包括新餐厅开业和数字参与，预计将支持未来的增长，反映出谨慎乐观的前景。</p>
</div>

Acros Dorados 在面临成本挑战的情况下，以创纪录的收入表现出色