William Blair Downgrades El Pollo Loco (LOCO) to Market Perform
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El Pollo Loco Holdings, Inc. Announces Third Quarter 2016 Financial Results
November 3, 2016 4:07 PM EDTCOSTA MESA, Calif., Nov. 03, 2016 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended September 28, 2016.
Highlights for the third quarter ended September 28, 2016, compared to the third quarter ended September 30, 2015 were as follows:
Total revenue increased 7.8% to $95.8 million compared to $88.9 million.System-wide comparable restaurant sales grew 1.6%, including a 1.4% increase for company-operated restaurants, and a 1.8% increase for franchised restaurants.Net income increased to $5.2... More