El Pollo Loco (NASDAQ: LOCO) reported Q1 EPS of $0.22, $0.08 better than the analyst estimate of $0.14. Revenue for the quarter came in at $116.2 million versus the consensus estimate of $111.17 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 excluding one-time charges.
Adjusted income tax rate of 27.0 – 28.0%.

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