El Pollo Loco (LOCO) Misses Q1 EPS by 1c
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El Pollo Loco Holdings, Inc. Announces First Quarter 2016 Financial Results
May 5, 2016 4:06 PM EDTCOSTA MESA, Calif., May 05, 2016 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended March 30, 2016.
Highlights for the first quarter ended March 30, 2016, compared to the first quarter ended April 1, 2015 were as follows:
Total revenue increased 4.3% to $94.4 million compared to $90.4 million.System-wide comparable restaurant sales grew 0.7%, including a (0.6%) decrease for company-operated restaurants, and a 1.8% increase for franchised restaurants.Net income decreased 19.8% to $5.4 million, or $0.14 per diluted... More