International Meal Company Alimentação S.A. (MEAL3) Earnings Call Transcripts

International Meal Company Alimentação S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal 2026, International Meal Company reported a global net revenue of BRL 357 million, reflecting a 2.7% increase year-over-year despite challenges in the U.S. market. The company achieved a positive EBITDA of BRL 5 million, although this represents a decline from the previous year due to prior year tax credits. Management maintained a disciplined approach to capital expenditures and cost control, emphasizing a focus on operational efficiency and profitability, particularly within the Pizza Hut brand, which saw a revenue increase of 6.7%. Guidance for the remainder of the year remains cautious but optimistic, particularly regarding the recovery of U.S. operations and continued growth in Brazil.

Reported metrics

Guidance from management

Management maintained a cautious outlook for the remainder of 2026, focusing on operational efficiency and the recovery of U.S. operations while continuing to prioritize growth in Brazil.

What management said

The $60 million, which was the total operation value, we are still working on the entire sales, but the $60 million we have already received that over the sales of the company, okay?

Yes, as all M&A, we are obligated to work on the mergers. And this value is still -- it's a small value, and we're still working on that. So once we have the final closing and we have the final conclusions, that is when we would start the discussion with the banks. And then after that, there is a 60-day time line for that to be activated. And the CapEx for the next quarters, it will follow the same agenda that we've ...

What analysts pressed on

Analysts expressed concerns regarding the ongoing challenges in the U.S. operations, particularly the persistent negative performance and whether management has a clear strategy for recovery. There were also questions about potential M&A activities and the impact of recent contract terminations on overall operations.

Main topics on the call

• Revenue Growth from Pizza Hut — Pizza Hut's net revenue reached BRL 45 million, marking a 6.7% growth driven by an 8% increase in delivery services. Management noted, "the biggest highlight, however, is in our last line" indicating a strong operational...
• Challenges in U.S. Operations — U.S. operations faced a 10% revenue decline and negative same-store sales of 8%. Management acknowledged the impact of adverse weather conditions and stated, "we are still working on the expectation that we have... a tur...
• Cost Control and G&A Reduction — The company achieved a 36.6% reduction in corporate G&A expenses, down from BRL 18 million to BRL 12 million. This reflects a disciplined approach to managing expenses, as noted by management's focus on "rationalizing th...
• Adjusted EBITDA Performance — Adjusted EBITDA was reported at BRL 5 million, a decrease of BRL 18 million year-over-year, primarily due to prior year tax credits. Management stated, "Brazil's EBITDA in the quarter closed in line in the same period of...

Read the full International Meal Company Alimentação S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 International Meal Company Alimentação S.A. earnings call transcripts on record, spanning March 31, 2020 to May 15, 2026. Based on this history, International Meal Company Alimentação S.A. reports quarterly. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MEAL3

Exchange

BOVESPA

Country

BR

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

26

First call

March 31, 2020

Most recent

May 15, 2026

Reporting cadence

quarterly