El Pollo Loco (NASDAQ: LOCO) reported Q2 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $97.5 million versus the consensus estimate of $96.66 million. System-wide comparable restaurant sales grew 2.4%, including a 2.0% increase for company-operated restaurants, and a 2.7% increase for franchised restaurants.

GUIDANCE:

El Pollo Loco sees FY2016 EPS of $0.68-$0.72, versus the consensus of $0.69. System-wide comparable restaurant sales growth in the low single digits.

Steve Sather, President and Chief Executive Officer of El Pollo Loco Holdings, Inc., stated, “Throughout the second quarter we continued to make progress executing on the value, operational and service initiatives implemented during the past year. This is evident by our 20th consecutive quarter of system wide comparable restaurant sales growth, including traffic growth of 2.7% for company-operated restaurants. We are confident that we have the right strategy in place to continue delivering comparable restaurant sales.”

Sather continued, “Looking to the second half of the year, we have an exciting pipeline of growth ahead through both company-operated and franchised restaurants including our entrance into the Dallas market. We continue to expect to open 17-20 company-operated restaurants and 10-15 franchised restaurants in 2016.”

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