Arcos Dorados is the world's largest independent McDonald's franchisee, holding exclusive rights to own, operate, and franchise McDonald's restaurants across 21 countries and territories in Latin America and the Caribbean. The company generates revenue through two primary channels: operating company-owned restaurants that retain operating profits after paying franchisee fees to McDonald's, and franchising restaurants where it earns rental income—typically the greater of fixed rent or a percentage of franchisee sales—plus franchise and transfer fees. Beyond core menu offerings, Arcos Dorados extends its brand through McCafé premium beverage locations and Dessert Centers (primarily ice cream and dessert kiosks), while leveraging a digital platform across mobile apps, delivery, self-order kiosks, and loyalty programs that drive customer engagement and transaction volume across its geographically diversified portfolio spanning Brazil, Mexico, Argentina, and other regional markets.