<SEC-DOCUMENT>0000950103-25-000116.txt : 20250103
<SEC-HEADER>0000950103-25-000116.hdr.sgml : 20250103
<ACCEPTANCE-DATETIME>20250103090747
ACCESSION NUMBER:		0000950103-25-000116
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20250102
FILED AS OF DATE:		20250103
DATE AS OF CHANGE:		20250103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Arcos Dorados Holdings Inc.
		CENTRAL INDEX KEY:			0001508478
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35129
		FILM NUMBER:		25503923

	BUSINESS ADDRESS:	
		STREET 1:		RIO NEGRO 1338, FIRST FLOOR
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			11300
		BUSINESS PHONE:		598 2626-3000

	MAIL ADDRESS:	
		STREET 1:		RIO NEGRO 1338, FIRST FLOOR
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			11300
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>dp223066_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B>&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K<BR>
&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6.85pt; text-align: center; text-indent: -6.85pt"><B>REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6.85pt; text-align: center; text-indent: -6.85pt"><B>OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 6.85pt; text-align: center; text-indent: -6.85pt">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of January, 2025&nbsp;</P>


<P STYLE="margin: 0"></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-35129</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 28pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Arcos Dorados Holdings Inc.</B></P>

<P STYLE="font: 28pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified in its
charter)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>R&iacute;o Negro 1338, First Floor</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Montevideo, Uruguay, 11100</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of principal executive office)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark whether the registrant files
or will file annual reports under cover of</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form&nbsp;20-F or Form 40-F:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 29%">&nbsp;</TD>
    <TD STYLE="width: 12%; font-size: 10pt; text-align: left"><FONT STYLE="font-size: 12pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 8%">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">X&nbsp;</P></TD>
    <TD STYLE="width: 10%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 12%; font-size: 10pt; text-align: left"><FONT STYLE="font-size: 12pt">Form 40-F</FONT></TD>
    <TD STYLE="width: 29%">
</TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ARCOS DORADOS HOLDINGS INC.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 8%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>ITEM</B></FONT></TD>
    <TD STYLE="width: 92%; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 12pt">1.</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 12pt">Press Release dated January 2, 2025 titled &ldquo;Arcos Dorados and McDonald&rsquo;s Renew Master Franchise Agreement for 20 Years&rdquo;</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 12pt"><B>Arcos Dorados Holdings Inc.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 12pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 12pt">/s/ Juan David Bastidas</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 6%"><FONT STYLE="font-size: 12pt">Name:</FONT></TD>
    <TD STYLE="width: 45%"><FONT STYLE="font-size: 12pt">Juan David Bastidas</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 12pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 12pt">Chief Legal Counsel</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Date: January 3, 2025</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Item 1</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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    <TD STYLE="width: 6%"><IMG SRC="image_017.jpg" ALT="">&nbsp;</TD>
  <TD STYLE="width: 76%"><P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #046F44"><B>ARCOS DORADOS AND MCDONALD&rsquo;S RENEW MASTER
FRANCHISE</B></P>
                         <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #046F44"><B>AGREEMENT FOR 20 YEARS</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; color: #046F44"></P>
</TD>
  <TD STYLE="text-align: right; width: 18%"><IMG SRC="image_001.jpg" ALT="">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 44.65pt; margin-bottom: 0pt">Montevideo, Uruguay, January 2, 2025 &ndash; Arcos
Dorados Holdings Inc. (NYSE: ARCO) (&ldquo;Arcos Dorados&rdquo; or the &ldquo;Company&rdquo;), Latin America&rsquo;s largest restaurant
chain and the world&rsquo;s largest independent McDonald&rsquo;s franchisee announced that, on December 30, 2024, it renewed its Master
Franchise Agreement (&ldquo;MFA&rdquo;) with McDonald&rsquo;s (NYSE: MCD).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 44.65pt 0pt 34.55pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 44.65pt; margin-bottom: 0pt">The parties have finalized a new, 20-year MFA, that
became effective on January 1, 2025, and replaced the previous MFA. The new MFA also includes a renewal option, at McDonald&rsquo;s discretion,
for a new, 20-year MFA, beginning January 1, 2045.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 44.65pt 0pt 34.55pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-right: 44.65pt; margin-bottom: 0pt">As previously announced, the new MFA includes a royalty
fee of gross sales of 6.0% for the first ten years, 6.25% for the subsequent five years and 6.5% for the final five years.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 44.65pt 0pt 34.55pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&ldquo;I am very pleased to have reached an agreement
to renew our long-standing and successful relationship with McDonald&rsquo;s. Arcos Dorados is, by far, the best restaurant operator in
Latin America and the Caribbean. We are proud McDonald&rsquo;s franchisees and, guided by a clear purpose, we have generated strong, long-term
shareholder value and made a meaningful, positive impact on the communities where we operate,&rdquo; said Woods Staton, Executive Chairman
of Arcos Dorados. &ldquo;Over the next 20 years, we will work even harder to consolidate our market leadership in all aspects of our business
for the benefit of all our stakeholders,&rdquo; he concluded.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 44.65pt 0pt 34.55pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Arcos Dorados will provide additional disclosure
regarding the new MFA in line with the requirements of the US Securities and Exchange Commission.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<DIV STYLE="float: left; width: 49%">

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-weight: normal">Investor
Relations Contact</FONT>&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Dan Schleiniger&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">VP of Investor Relations&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Arcos Dorados&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt; color: #046F4E"><I>daniel.schleiniger@mcd.com.uy</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 34.35pt 0pt 0.5in; color: #046F4E"></P>

</DIV>

<DIV STYLE="float: right; width: 49%">

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">Media Contact</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">David Grinberg</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0">VP of Corporate Communications</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 104.2pt 0pt 0">Arcos Dorados</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 104.2pt 0pt 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: #046F4E"><I>david.grinberg@mcd.com.uy</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; color: #046F4E"></P>

</DIV>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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    <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; text-align: left">
    <TD STYLE="width: 12%">Follow
us on:</TD>
  <TD STYLE="width: 88%"> <FONT STYLE="font-weight: normal"><IMG SRC="image_015.jpg" ALT=""></FONT><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"></P>

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 47.9pt 0pt 0; color: #2C2C2C">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 47.9pt 0pt 0; color: #2C2C2C"></P>

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    <TD STYLE="width: 6%"><IMG SRC="image_018.jpg" ALT="">&nbsp;</TD>
  <TD STYLE="width: 76%"><B>About Arcos Dorados</B></TD>
  <TD STYLE="text-align: right; width: 18%">&nbsp;<IMG SRC="image_002.jpg" ALT=""></TD></TR>
</TABLE>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 47.9pt 0pt 0; color: #2C2C2C"></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 47.9pt 0pt 0; color: #2C2C2C">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 47.9pt 0pt 0; color: #2C2C2C"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Arcos Dorados is the world&rsquo;s
largest independent McDonald&rsquo;s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean.
It has the exclusive right to own, operate and grant franchises of McDonald&rsquo;s restaurants in 20 Latin American and Caribbean countries
and territories with more than 2,400 restaurants, operated by the Company or by its sub-franchisees, that together employ more than 100
thousand people (as of 09/30/2024). The Company is also committed to the development of the communities in which it operates, to providing
young people their first formal job opportunities and to utilize its <FONT STYLE="color: #046F4E">Recipe for the Future</FONT> to achieve
a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about
the Company, please visit the Investors section of our website: <FONT STYLE="color: #046F4E">www.arcosdorados.com/ir</FONT>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 6%"><IMG SRC="image_019.jpg" ALT="">&nbsp;</TD>
  <TD STYLE="width: 94%"><B>Cautionary Statement on Forward-Looking Statements</B></TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 47.9pt 0pt 0; color: #2C2C2C"></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 47.9pt 0pt 0; color: #2C2C2C">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">This press release contains
forward-looking statements. The forward-looking statements contained herein include statements about the Company&rsquo;s business prospects,
its market leadership and the renewal of its Master Franchise Agreement with McDonald&rsquo;s. These statements are subject to the general
risks inherent in Arcos Dorados&rsquo; business. These expectations may or may not be realized. Some of these expectations may be based
upon assumptions or judgments that prove to be incorrect. In addition, Arcos Dorados&rsquo; business and operations involve numerous
risks and uncertainties, many of which are beyond the control of Arcos Dorados, which could result in Arcos Dorados&rsquo; expectations
not being realized or otherwise materially affect the financial condition, results of operations and cash flows of Arcos Dorados. Additional
information relating to the uncertainties affecting Arcos Dorados&rsquo; business is contained in its filings with the Securities and
Exchange Commission. The forward-looking statements are made only as of the date hereof, and Arcos Dorados does not undertake any obligation
to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date
such statements were made, or to reflect the occurrence of unanticipated events.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"></P>

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