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 (Nasdaq: LOCO) has partnered with TikTok star Yuri Lamasbella, appointing her as the first-ever Kreative Director for their Double Chopped Salads campaign. This collaboration marks a significant step in the brand's digital marketing strategy, featuring the launch of a digitally exclusive menu item called the Kreator Chopped Salad.
The campaign showcases four salad options: the Kreator Chopped Salad, Classic Double Chicken Chopped Salad, Classic Double Baja Shrimp Chopped Salad, and Street Corn Double Chicken Chopped Salad. These offerings align with El Pollo Loco's commitment to expanding its better-for-you menu options.
Jill Adams, Chief Marketing Officer, emphasized the importance of harnessing social media and culture to engage with customers. Lamasbella expressed excitement about the collaboration, highlighting her role in script development and creative direction.
El Pollo Loco celebrates winning the USA TODAY 10Best Readers' Choice Award for Best Quick, Healthy Food with a special offer. Loco Rewards members can get $2 off any Double-Chopped Salad until August 31st using promo code WINNER in-app or online.
The Southern California-based company, known for its fire-grilled chicken and better-for-you options, aims to cater to busy parents, athletes, and anyone seeking tasty, affordable meals. Jill Adams, Chief Marketing Officer, expressed gratitude for customer support and commitment to providing delicious, healthier choices.
Customers can order online for pickup or delivery through ElPolloLoco.com or the Loco Rewards app. The loyalty program allows members to earn points on every order, redeemable for various rewards including free food.
El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) reported solid Q2 2024 financial results. Highlights include:
- Total revenue increased to $122.2 million
- System-wide comparable restaurant sales grew 4.5%
- Net income rose to $7.6 million, or $0.25 per diluted share
- Adjusted EBITDA reached $17.2 million
The company saw improvements in restaurant contribution and margins. CEO Liz Williams expressed pride in the quarter's performance, citing the success of their Fire-Grilled Chicken and focus on everyday value. El Pollo Loco also repurchased shares and paid down debt during the quarter.
El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) has announced it will host a conference call to discuss its second quarter 2024 financial results on Thursday, August 1, 2024, at 4:30 PM Eastern Time. The call will be hosted by CEO Liz Williams and CFO Ira Fils. A press release with the financial results will be issued shortly after market close on the same day.
Investors can access the conference call live by dialing 201-493-6780. A replay will be available until August 15, 2024, by dialing 412-317-6671 with passcode 13747643. The call will also be webcast live on the company's investor relations website, with an archive available shortly after the call concludes.
El Pollo Loco (Nasdaq: LOCO) has introduced three new Fire-Grilled Chicken Burritos priced at $9.99* at participating locations. These burritos include handmade guacamole at no extra cost, emphasizing the company's commitment to value. The new offerings are:
1. Guacamole Chicken Burrito
2. Chipotle Guacamole Chicken Burrito
3. Queso Guacamole Chicken Burrito
Each burrito features quality ingredients and is designed to be more portable, flavorful, and filling. Customers can order online for pickup or delivery through ElPolloLoco.com or the Loco Rewards app. El Pollo Loco operates over 495 restaurants across seven U.S. states and has ten licensed locations in the Philippines.
El Pollo Loco (Nasdaq: LOCO) announces the return of two fan-favorite seasonal Stuffed Quesadilla flavors, available for a time starting May 16, 2024. The new Chicken Poblano Stuffed Quesadilla includes fire-grilled chicken, Jack cheese, avocados, roasted poblano peppers, salsa fresca, and a creamy cilantro dressing. The Shredded Beef Stuffed Quesadilla features tender beef, Jack cheese, onions, avocados, cilantro, and avocado salsa, though it's unavailable in Fresno and Sacramento markets. Also, the Chicken Avocado Stuffed Quesadilla remains a permanent menu item. These items are designed for convenience without sacrificing flavor, and can be ordered online or through the Loco Rewards app for pickup or delivery. Customers can earn redeemable points through the Loco Rewards program.
El Pollo Loco Holdings, Inc. announced its First Quarter 2024 Financial Results, showcasing a total revenue of $116.2 million, a 5.1% increase in system-wide comparable restaurant sales, and various improvements in income and net income compared to the previous year. The company's CEO, Liz Williams, highlighted the brand's success and potential growth, outlining strategic pillars for future success. Despite a decrease in company-operated restaurant revenue, an increase in comparable restaurant sales and franchise revenue was reported. The company also repurchased shares under its 2023 Share Repurchase Program and provided expectations for the remainder of 2024.
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