Welcome to our dedicated page for El Pollo Loco Holdings news (Ticker: LOCO), a resource for investors and traders seeking the latest updates and insights on El Pollo Loco Holdings stock.
El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) operates and franchises over 460 fast-casual chicken restaurants across the United States, primarily located in Arizona, California, Nevada, Texas, and Utah. Founded in 1980 in Los Angeles, the company has built a strong reputation for its fresh, authentic Mexican-inspired cuisine. The core of El Pollo Loco's menu revolves around its signature fire-grilled chicken, marinated in a unique blend of herbs, spices, fruit juices, and garlic, then grilled on open-flame grills and hand-cut for a variety of dishes.
In addition to their iconic chicken dishes, El Pollo Loco offers a range of freshly made sides, including guacamole, salsas, and dressings, all prepared daily. Their commitment to quality and authenticity has made the company a beloved brand in the fast-casual dining segment.
The company continues to grow, with a mix of company-owned and franchised locations. El Pollo Loco's strategic expansion plans include entering new markets and strengthening their presence in existing ones through franchise development. Notably, the company has been proactive in managing commodity price risks by using multiple poultry suppliers and entering into varied-length supply contracts.
Financially, El Pollo Loco has shown resilience and adaptability amidst economic fluctuations. Recent achievements include a robust share repurchase program, with approximately $59 million repurchased in 2023 and an additional $7.4 million authorized through March 31, 2025. This move underscores the company's confidence in its operations and dedication to stockholder value.
El Pollo Loco is also committed to innovation and customer engagement through digital channels, including online ordering and delivery services, which have seen significant growth. The company’s mission goes beyond serving food; it aims to foster community connections and celebrate cultural heritage through its offerings.
For further details and updates on El Pollo Loco's financial performance, strategic initiatives, and latest news, visit their official website or the investors' section for comprehensive reports and press releases.
The Court of Chancery in Delaware is addressing a derivative action involving El Pollo Loco Holdings (LOCO) filed by stockholder Kevin Diep. This action has led to a proposed partial settlement, which requires court approval to resolve claims against certain defendants linked to the company. The settlement aims to benefit El Pollo Loco directly, and current stockholders do not need to take action but can object and attend the settlement hearing scheduled for September 10, 2021. If approved, the settlement will bar stockholders from contesting its fairness.
El Pollo Loco announced that CEO Bernard Acoca and CFO Larry Roberts will present at two virtual investor conferences in June 2021.
The first event is the Baird Global Consumer Conference on June 9 at 12:15 PM ET, followed by the Jefferies Consumer Conference on June 22 at 2:40 PM ET. Live webcasts will be available on the company's website under the 'Investors' tab.
El Pollo Loco specializes in fire-grilled chicken and has over 475 locations across several states, focusing on expansion through franchises.
El Pollo Loco (Nasdaq: LOCO) is launching its new Thermo-To-Go containers, replacing Styrofoam to enhance off-premises dining while supporting environmental sustainability. The new packaging, made from partially recycled materials, aims to keep food hotter and fresher, aligning with the increasing demand for takeout services, which surged 250% in delivery sales since 2019. This change is part of a broader digital transformation strategy, which also includes enhancements like GPS-enabled curbside pickup. The full rollout of these containers is expected by the end of May 2021.
El Pollo Loco Holdings reported a revenue increase to $107.7 million for Q1 2021, up from $105.2 million a year earlier. System-wide comparable restaurant sales improved by 7.4%, driven by a 10.5% uptick in franchised restaurants. Net income rose to $4.0 million or $0.11 per diluted share, compared to $3.6 million or $0.10 the previous year. Adjusted EBITDA declined to $11.9 million. The company paid down $9.0 million in debt, leaving $53.8 million outstanding. Despite positive sales trends, financial guidance for 2021 remains uncertain due to COVID-19 impacts.
El Pollo Loco launches the "Strong Like A Madre" initiative, offering twelve $5,000 'Madreship' grants to mothers in the Greater Los Angeles area impacted by the pandemic. The grants aim to assist mothers who paused their careers, with themes including entrepreneurship, workforce re-entry, and self-care. Nominations are open until May 14, 2021, and winners will be announced in late May. This effort supports mothers affected by job losses and emphasizes El Pollo Loco's commitment to community upliftment.
El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) will host a conference call to discuss its Q1 2021 financial results on May 6, 2021, at 4:30 PM ET. CEO Bernard Acoca and CFO Larry Roberts will lead the discussion. A press release with financial results will be issued after market close on the same day.
Investors can access the call by dialing 212-231-2937, with a replay available until May 20, 2021. The call will also be webcast live on the company’s investor website, with an archive available shortly after.
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