Arcos Dorados Holdings Inc. (NYSE:ARCO) Q2 2023 Earnings Conference Call August 17, 2023 10:00 AM ET
Company Participants
Daniel Schleiniger - VP, IR
Marcelo Rabach - CEO
Luis Raganato - COO
Mariano Tannenbaum - CFO
Conference Call Participants
Daniel Schleiniger
Good morning, everyone, and thank you for joining our Second Quarter 2023 Earnings Webcast. With us today are Marcelo Rabach, our Chief Executive Officer; Luis Raganato, our Chief Operating Officer; and Mariano Tannenbaum, our Chief Financial Officer.
Today's webcast, which is being recorded, will consist of prepared remarks from our leadership team, which will be accompanied by a slide presentation, also available in the Investors section of our website, www.arcosdorados.com/ir.
As a reminder, to better review the presentation on the webcast platform, please scroll over the upper left-hand part of the screen and click on the arrows to maximize the slides. After we conclude our opening remarks, we will answer your questions, which you can submit using the chat function on the left-hand side of the screen. You will need to minimize the slides to access the chat function.
Today's call will contain forward-looking statements, and I refer you to the forward-looking statements section of our earnings release and recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or circumstances. In addition to reporting financial results in accordance with generally accepted accounting principles, we report certain non-GAAP financial results. Investors are encouraged to review the reconciliation of these non-GAAP financial results as compared with GAAP results, which can be found in the press release and unaudited financial statements filed today with the SEC on Form 6-K.
Marcelo, over to you.
Marcelo Rabach
Thank you, Dan. Good morning, everyone, and thank you for joining us today.
For the last several years, Arcos Dorados has capitalized on its unique position in the Latin American QSR industry. We operate the industry's favorite brand and benefit from structural competitive advantages that position us to sustain recent trends for years to come as we capture the McDonald's Brand's full growth potential. By consistently executing our Three D's strategy Digital, Delivery and Drive-thru, we are generating strong sales growth.
Restaurant volumes continue to increase largely because we offer guests an unmatched combination of quality, value and convenience. This has led to sales growth well above inflation. That, in turn, helps us leverage our fixed costs and sustainably grow our EBITDA in U.S. dollars. We are also deploying capital better than ever, generating above average returns on restaurant openings.