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El Pollo Loco (LOCO) Tops Q1 EPS by 1c; Guides In-Line

May 14, 2015 4:02 PM

El Pollo Loco (NASDAQ: LOCO) reported Q1 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $90.4 million versus the consensus estimate of $88.49 million.

System-wide comparable restaurant sales grew 5.1%, including a 3.5% increase for company-operated restaurants, and a 6.2% increase for franchised restaurants.

El Pollo Loco sees FY2015 EPS of $0.67-$0.71, versus the consensus of $0.70.

Steve Sather, President and Chief Executive Officer of El Pollo Loco Holdings, Inc., stated, "We are very pleased with our first quarter results, which once again demonstrate strong operating momentum through solid sales and earnings growth. Our Crazy You Can Taste authentic Mexican inspired cuisine continues to resonate with guests, as evidenced by our system-wide comparable restaurant sales growth of 5.1%, which extended our track record to 15 consecutive quarters of positive comparable restaurant sales growth."

Sather added, "We remain excited about the opportunity ahead to expand in both new and existing markets, and look forward to showcasing our freshly prepared authentic cuisine, particularly our signature fire-grilled chicken, to customers across the country."

For earnings history and earnings-related data on El Pollo Loco (LOCO) click here.

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