Arcos Dorados Holdings Inc. [ARCO]

Source: 

Company Overview

We are the worlds largest independent McDonalds franchisee in terms of systemwide sales and number of restaurants, according to McDonalds, representing 3.1% of McDonalds global sales in 2021. We have the exclusive right to own, operate and grant franchises of McDonalds restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela, which we refer to collectively as the Territories. As of December 31, 2021, we operated or franchised 2,261 McDonalds-branded restaurants, which represented 6.1% of McDonalds total franchised restaurants worldwide. In 2021 and 2020, we accrued $131.4 million and $111.0 million, respectively, in royalties to McDonalds (not including royalties accrued on behalf of our sub-franchisees).