El Pollo Loco beats by $0.03, misses on revs; guides FY15 EPS in-line :
- Reports Q3 (Sep) earnings of $0.18 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.15; revenues rose 2.7% year/year to $88.87 mln vs the $90.85 mln Capital IQ Consensus.
- Co issues in-line guidance for FY15, sees EPS of $0.67-0.69, excluding non-recurring items, vs. $0.68 Capital IQ Consensus Estimate and vs prior guidance of $0.67-0.71.
- System-wide comparable restaurant sales grew 0.6%, including flat growth for company-operated restaurants, and a 1.1% increase for franchised restaurants.
- Co says it's taking actions to reengage its value conscious customers and has several current initiatives to enhance the overall experience of its customers.
- Co says its new restaurant pipeline is strong and growing stronger, and co continues to be excited about the long runway of growth ahead of it in both new and existing markets.
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