Core Insights - Arcos Dorados Holdings Inc. is the largest restaurant chain in Latin America and the world's largest independent McDonald's franchisee, providing guidance for restaurant openings and capital expenditures for 2026 [1] Restaurant Openings - In 2025, the company opened 102 restaurants, including 88 free-standing units, with 64 openings in Brazil, 23 in the South Latin American Division, and 15 in the North Latin American Division, which included 73 company-operated locations [3] - For 2026, Arcos Dorados expects to open between 105 to 115 restaurants across its operating footprint [3] Capital Expenditures - Total capital expenditures for 2025 are estimated to be at the low end of the guidance range of $300 to $350 million [4] - For 2026, the company projects total capital expenditures of $275 million to $325 million, which will cover openings, modernizations, optimizations, maintenance capital expenditures, and investments in information technology systems [5]