El Pollo Loco (LOCO) Bullish View Reiterated at Jefferies
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El Pollo Loco Holdings, Inc. Announces Second Quarter 2016 Financial Results
August 4, 2016 4:05 PM EDTCOSTA MESA, Calif., Aug. 04, 2016 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended June 29, 2016.
Highlights for the second quarter ended June 29, 2016, compared to the second quarter ended July 1, 2015 were as follows:
Total revenue increased 9.0% to $97.5 million compared to $89.5 million.System-wide comparable restaurant sales grew 2.4%, including a 2.0% increase for company-operated restaurants, and a 2.7% increase for franchised restaurants.Net income increased to $7.3 million, or $0.19 per diluted share,... More