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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Revenues: $ 4,331,878 $ 3,618,902 $ 2,659,941
Company-operated restaurant expenses:      
Food and paper (1,457,720) (1,227,293) (899,077)
Payroll and employee benefits (790,042) (668,764) (482,608)
Occupancy and other operating expenses         (1,154,334) (967,690) (772,169)
Royalty fees (249,278) (194,522) (131,401)
Franchised restaurants – occupancy expenses          (83,359) (68,028) (50,627)
General and administrative expenses (285,000) (239,263) (210,909)
Other operating income, net 1,894 11,080 26,369
Total operating costs and expenses (4,017,839) (3,354,480) (2,520,422)
Operating income 314,039 264,422 139,519
Net interest expense and other financing results (32,275) (43,750) (49,546)
Loss from derivative instruments (13,183) (10,490) (5,183)
Foreign currency exchange results 10,774 16,501 (9,189)
Other non-operating (expenses) income, net  (1,238) (287) 2,185
Income before income taxes  278,117 226,396 77,786
Income tax expense, net (95,702) (85,476) (31,933)
Net income 182,415 140,920 45,853
Less: Net income attributable to non-controlling interests (1,141) (577) (367)
Net income attributable to Arcos Dorados Holdings Inc. $ 181,274 $ 140,343 $ 45,486
Earnings per share information:      
Basic net income (loss) per common share attributable to Arcos Dorados Holdings Inc. (in dollars per share) $ 0.86 $ 0.67 $ 0.22
Diluted net income (loss) per common share attributable to Arcos Dorados Holdings Inc. (in dollars per share) $ 0.86 $ 0.67 $ 0.22
Sales by Company-operated restaurants      
REVENUES      
Revenues: $ 4,137,675 $ 3,457,491 $ 2,543,907
Revenues from franchised restaurants      
REVENUES      
Revenues: $ 194,203 $ 161,411 $ 116,034