Baird Downgrades El Pollo Loco (LOCO) to Neutral

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Go back to Baird Downgrades El Pollo Loco (LOCO) to Neutral

El Pollo Loco Holdings, Inc. Announces Third Quarter 2015 Financial Results

November 12, 2015 4:06 PM EST

COSTA MESA, Calif., Nov. 12, 2015 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended September 30, 2015.

Highlights for the third quarter ended September 30, 2015, compared to the third quarter ended September 24, 2014 were as follows:

Total revenue increased to $88.9 million compared to $86.6 million. System-wide comparable restaurant sales grew 0.6%, including flat growth for company-operated restaurants, and a 1.1% increase for franchised restaurants. Net income was $4.7 million, or $0.12 per diluted share, compared to net income of $25.8 million, or $0.70 per diluted share. Pro forma net... More