Upgrade to SI Premium - Free Trial

El Pollo Loco (LOCO) Reports Q2 EPS of $0.21; Guides FY14 Comps, Margins

September 4, 2014 4:02 PM

El Pollo Loco (NASDAQ: LOCO) reported Q2 EPS of $0.21, versus $0.01 reported last year and the consensus of $0.16. Revenue for the quarter came in at $86.9 million, versus $76.5 million reported last year and the consensus of $86.44 million.

System-wide comparable restaurant sales increased 5.4%, including a 5.0% increase for company-operated restaurants, and a 5.9% increase for franchised restaurants.

Steve Sather, President and Chief Executive Officer of El Pollo Loco Holdings, Inc., stated, “We’re pleased with the consistent strength of our results, which included a 5.4% increase in system-wide comparable restaurant sales and a 10.0% increase in pro forma net income in the second quarter. Our success continues to be driven by our compelling value proposition and the growing appeal of healthier, better for you offerings found on our menu. Our signature, citrus marinated fire grilled chicken and hand chopped entrees offered at quick service price points reinforce our QSR plus positioning.”

Sather continued, “As a result of our successful IPO, we have strengthened our capital structure to provide the financial flexibility to accelerate the growth of our business, augment our competitive position, and further enhance our brand. We believe El Pollo Loco has significant potential to grow its store base, including a substantial opportunity within our existing markets, as well as in new markets. We are particularly excited to open our first restaurant in the Greater Houston market this fall and recently signed a new agreement for the development of 12 franchised restaurants in the Greater Houston market over the next five years. We believe El Pollo loco is well positioned for future growth and are excited to satisfy the needs of consumers who are increasingly seeking real food, real fast at reasonable prices, while simultaneously building value for our shareholders.”

2014 Outlook

The Company currently anticipates the following for its fiscal year 2014:

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

Categories

Earnings Guidance Hot Earnings Management Comments Retail Sales

Next Articles