Trade with Eva : Analytics in action: ===El Pollo Loco (LOCO) reported earnings on Thu 9 March 23 (a/h)

Thursday, March 9, 2023

El Pollo Loco beats by $0.02, reports revs in-line; comps +4.7%

Reports Q4 (Dec) earnings of $0.16 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.14; revenues rose 6.4% year/year to $115.92 mln vs the $115.35 mln S&P Capital IQ Consensus.
- System-wide comparable restaurant sales increased 4.7%.
The Company is providing the following expectations for 2023:
- The opening of four to six new company-owned restaurants and eight to twelve new franchised restaurants.
- Capital spend of $27.0 - $31.0 million.
- G&A expense between $42.0 and $45.0 million.
- Adjusted income tax rate of 26.5%.