Arcos Dorados Approves Up to $25 Million Buyback Amid Expansion Plan

Arcos Dorados Holdings Inc. received board approval to repurchase up to $25 million of its Class A shares on the open market, adding a shareholder-return measure as it pursues a multiyear restaurant expansion.

The company disclosed the authorization Nov. 12. Shares purchased under the program are to be canceled over the next six months.

Chief Executive Officer Luis Raganato described the repurchases as an “additional way to return capital to shareholders.”

Management announced its expansion plan Oct. 1, targeting 550 to 600 restaurant openings from 2027 through 2030. Arcos Dorados expects capital expenditures of $1.3 billion to $1.5 billion during the same period. The company’s Nov. 12 release restated those targets alongside the buyback approval.

Management’s longer-term objectives also call for mid- to high-single-digit annual total revenue growth and high-single- to low-double-digit annual adjusted EBITDA growth.

Arcos Dorados reported 2,582 restaurants at Sept. 30, 2026. It operates in 21 Latin American and Caribbean countries and territories and describes itself as the world’s largest independent McDonald’s franchisee, with rights to own, operate and sub-franchise restaurants in the region.

The company also posted third-quarter results of $1.3 billion in revenue and $0.15 in GAAP earnings per share for the period ended Sept. 30. Shares acquired under the buyback authorization are to be canceled over the next six months.