On the Record · Arcos Dorados
Arcos Dorados competitors, on the record
The companies Arcos Dorados itself names as competitors in its annual reports, 2023 to 2025, each with the sentence it appears in and the filing it came from.
Who Arcos Dorados names
| Company | Named in |
|---|---|
| Alsea | 2025 |
| Bob’s | 2025 |
| Carl’s Junior | 2025 |
| Grupo Serrano | 2025 |
| Habib’s | 2025 |
| Mostaza | 2025 |
| Restaurant Brands International | 2025 |
| Subway | 2025 |
| Yum! Brands | 2025 |
| ZAMP | 2025 |
In its own words
Alsea
Word for word“Alsea is one of the largest restaurant operators in Latin America (Mexico, Argentina, Colombia, Chile, and Uruguay); it has a diversified portfolio, with brands such as Domino’s Pizza, Starbucks, Burger King, Chili’s and other casual dining brands.” 20-F for 2025
Bob’s, Habib’s, ZAMP
Word for word“In Brazil, we also compete with ZAMP (which franchises Burger King, Popeyes, Starbucks and Subway), Habib’s, a Brazilian QSR chain that focuses on low-price Middle Eastern street food, and Bob’s, a primarily-Brazilian QSR chain that focuses on hamburger product offerings.” 20-F for 2025
Carl’s Junior, Restaurant Brands International, Subway, Yum! Brands
Word for word“Our largest sources of competition include Restaurant Brands International (which franchises Burger King, Popeyes, Firehouse Subs and Tim Hortons), Yum! Brands (which franchises KFC restaurants, Taco Bell, Pizza Hut and Pizza Hut Express, and the Habit Burger Grill restaurants), Carl’s Junior and Subway.” 20-F for 2025
Grupo Serrano
Word for word“Another competitor in Latin America is Grupo Serrano, a KFC operator that originated in Ecuador and has since expanded regionally.” 20-F for 2025
Mostaza
Word for word“In Argentina, we also compete with Mostaza, an Argentine QSR chain that focuses on hamburger product offerings.” 20-F for 2025
Read from Arcos Dorados’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-30. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.