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.
El Pollo Loco Holdings reported financial results for Q4 2020, with total revenue reaching $110.3 million, a slight increase from $107.5 million in Q4 2019. System-wide comparable restaurant sales fell by 0.2%, impacted heavily by a 3.0% drop in company-operated restaurants. Net income rose to $5.5 million ($0.15 per diluted share), up from $3.5 million in the previous year. Despite challenges from COVID-19, the company had positive sales growth in non-LA markets, and a new three-year growth agenda has been introduced to enhance profitability.
El Pollo Loco (Nasdaq: LOCO) has announced plans to remodel over 300 restaurants, starting with three in Los Angeles and Las Vegas. The new design aims for a modern, digital-forward experience to meet changing consumer preferences post-COVID-19. This includes enhanced off-premise dining options like curbside pickup and improved customer engagement through a dedicated app. The company is also looking to expand geographically, targeting new markets in the Western U.S. The estimated investment for a franchise unit ranges from $770,000 to $2,097,000.
El Pollo Loco (Nasdaq: LOCO) has launched its new line of Loco Lunch Boxes, designed to enhance lunchtime during remote work. These portable meal options offer variety, featuring four dishes including the Chicken Guacamole Burrito and Baja Shrimp Tacos.
Each box comes with rice and beans, chips, salsa, and a churro for dessert. The initiative aims to replace uninspiring home lunches with satisfying meals, showing a commitment to customer experience amid changing dining habits.
El Pollo Loco (Nasdaq: LOCO) has selected Organic as its new strategic digital agency following a competitive pitch. This partnership aims to enhance the company's digital capabilities, focusing on social media engagement and e-commerce. Since 2019, El Pollo Loco has increased its digital media spending from less than 3% to 30-40%. The company reported tripling its e-commerce growth in 2020, indicating a strong commitment to a digital-first approach. The collaboration aligns with their mission of meeting customers’ needs through innovative digital interactions.
El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) has announced a conference call to discuss its fourth quarter and full year 2020 financial results on March 11, 2021, at 4:30 PM ET. CEO Bernard Acoca and CFO Larry Roberts will host the call. A related press release will be issued after market close on the same day. The call can be accessed via phone or webcast, with a replay available until March 25, 2021. El Pollo Loco continues to lead in the fire-grilled chicken segment with over 475 locations across the U.S., emphasizing its commitment to Mexican-American heritage.
El Pollo Loco (Nasdaq: LOCO) commissions a new mural in South Los Angeles to honor Black History Month. The mural, curated by local artist Enkone, reflects the cultural significance of the area and aims to foster community pride. In addition, 5% of sales from the Vernon Ave. restaurant during February will be donated to Brotherhood Crusade, supporting underserved communities in South LA. This initiative highlights El Pollo Loco’s commitment to the arts and community engagement.
El Pollo Loco is launching a charitable campaign on Valentine’s Day, Feb. 14, where $1 from every Family Dinner sold will support Food on Foot, aiming to provide 10,000 meals to those in need in LA.
This initiative reflects the company's commitment to addressing food insecurity exacerbated by the pandemic. With over 20 years of partnership, El Pollo Loco continues to support local communities, highlighting its role in nourishing vulnerable populations.
El Pollo Loco announces its first-ever TikTok campaign, Workout While You Wait, encouraging healthier habits as customers wait for their Pollo Fit Bowl orders. These bowls feature twice the fire-grilled chicken, organic super greens, and cilantro lime cauliflower rice, catering to health-conscious consumers. The campaign includes fun workout routines created with fitness influencers, promoting activity during delivery wait times. Customers can earn a free bowl by engaging with the campaign. This initiative aims to position El Pollo Loco as a healthier takeaway option.
El Pollo Loco (Nasdaq: LOCO) reported a slight 0.2% decline in system-wide comparable restaurant sales for Q4 2020, driven by a 3.0% drop in company-operated sales, partially offset by a 1.8% increase in franchise sales. Revenue for the quarter is projected at $109.5 – $110.5 million, affected by COVID-19 related challenges. The company incurred approximately $2.5 million in unexpected COVID-related expenses. Drive-thru sales surged from 40% to 70% of total sales, with digital sales also increasing.
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