Arcos Dorados Holdings Inc. (NYSE:ARCO) Q2 2022 Results Conference Call August 10, 2022 10:00 AM ET
Company Participants
Dan Schleiniger - VP, IR
Marcelo Rabach - CEO
Luis Raganato - COO
Mariano Tannenbaum - CFO
Conference Call Participants
Dan Schleiniger
Good morning, everyone, and thank you for joining our second quarter 2022 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. [Operator Instructions]
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. Our discussion today excludes the results of the Venezuelan operation, both at the consolidated level as well as for the SLAD division. For your reference, we included a full income statement, excluding Venezuela with today’s earnings release. Marcelo, over to you.
Marcelo Rabach
Thank you, Dan. Good morning, everyone, and thank you for joining us again today. I am pleased to report a strong set of results for the second quarter of 2022.
Today, Luis, Mariano and I will take you through the highlights of our consolidated and divisional results. Mariano will also cover our balance sheet and growth metrics, while Luis will provide an update on the 3D strategy of digital, Delivery and Drive-thru that has been driving performance.
Before I turn to the highlights of the quarter, let’s take a look back at how we build the foundation to deliver today’s results and drive sustainable growth in the years to come. 15 years ago, last week, ArcosDorados began operating with exclusive rights to run and sub-franchise McDonald’s restaurants in 19 countries and territories across Latin America and the Caribbean. Shortly thereafter, we added a 20th country and began the transformation of the company’s operations and restaurant portfolio with a long-term sustainable growth strategy.