El Pollo Loco (LOCO) Reports In-Line Q4 EPS ; Provides Outlook
El Pollo Loco (NASDAQ: LOCO) reported Q4 EPS of $0.16, in-line with the analyst estimate of $0.16. Revenue for the quarter came in at $112.2 million versus the consensus estimate of $109.07 million.
2024 Outlook
The Company is providing the following expectations for the remainder of 2024:
The opening of two new company-owned restaurants and five to seven new franchised restaurants.
Capital spend of $25.0 - $28.0 million.
G&A expense between $45.0 and $47.0 million.
Adjusted income tax rate of 27.0 – 28.0%.
For earnings history and earnings-related data on El Pollo Loco (LOCO) click here.
