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 is reintroducing its popular Shredded Beef Birria to the menu after last year's successful launch. Available from April 20 to June 28, fans can enjoy a variety of dishes including Crunchy Tacos, Grilled Burritos, and Overstuffed Quesadillas, all served with a flavorful Consomé Dipping Sauce. The launch follows a viral trend on TikTok, showcasing the brand’s commitment to authentic Mexican flavors. This year's offering includes upgrades like a crispier taco shell and an enhanced dipping sauce for a better customer experience. Loco Rewards® members can access the menu 48 hours early, emphasizing customer engagement and loyalty. El Pollo Loco continues to grow with 490 restaurants across several states, focusing on quality and connection to its heritage.
El Pollo Loco Holdings (NASDAQ: LOCO) announced a conference call scheduled for May 4, 2023, at 4:30 PM Eastern Time to discuss its first quarter 2023 financial results. The call will be led by President and CEO Larry Roberts and CFO Ira Fils, with a press release detailing the financial results issued shortly after market close. Investors can access the call by dialing 201-493-6780 and listen to a replay at 412-317-6671 until May 18, 2023. A live webcast will also be available on the company's investor relations website. El Pollo Loco, known for its fire-grilled chicken, operates 490 locations across the U.S. and is focused on expanding its market presence through company and franchise development.
El Pollo Loco (Nasdaq: LOCO) enhances its Loco Rewards program with a new app and exclusive offers starting from National Burrito Day (April 6) to Cinco de Mayo (May 5). Customers signing up will receive a free Original Pollo Bowl with any purchase. A special promotion includes a Pollo Millionaire giveaway, awarding 30 members with one million rewards points. The updated program features a tiered points system with three levels: Pollito, Pollo, and Pollo Loco, unlocking various benefits. These changes are aimed at improving customer engagement and loyalty, while the revamped app offers enhanced features for ordering and rewards management.
El Pollo Loco Holdings (Nasdaq: LOCO) reported Q4 2022 results with total revenue of $115.9 million, up from $109.0 million in Q4 2021. System-wide comparable restaurant sales increased by 4.7%. Income from operations rose to $9.5 million, and net income increased to $6.5 million or $0.18 per diluted share, compared to $6.2 million or $0.17 per diluted share a year prior. Adjusted EBITDA was $13.3 million, an improvement from $12.7 million. The company plans to open four to six new company-operated restaurants in 2023, along with eight to twelve new franchised locations.
El Pollo Loco has announced the launch of a new menu item, the Double Shredded Beef Tostada Salad, which joins their popular Double Tostada Salads lineup. This salad features a house-made tostada shell filled with a double portion of shredded beef, fresh avocado, lettuce, whole pinto beans, Mexican rice, sour cream, Monterey Jack cheese, and pico de gallo, served with a creamy cilantro dressing. The salad is now available systemwide until April 19, supported by a new social media campaign. The introduction of this item demonstrates El Pollo Loco's commitment to innovating their menu based on customer feedback.
El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) announced a conference call to discuss its fourth quarter and full year 2022 financial results on March 9, 2023, at 4:30 PM ET. The call will be hosted by President and CEO Larry Roberts and CFO Ira Fils. A press release detailing the financial results will be issued after market close on the same day. Investors can access the live call by dialing 201-493-6780, with a replay available until March 23, 2023. The call will also be webcast via the company's investor relations website.
El Pollo Loco is known for its fire-grilled chicken and has over 490 restaurants across various states, focusing on traditional Mexican cuisine.
El Pollo Loco Holdings will participate in the Jefferies Annual Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit in Beaver Creek, Colorado from January 22-24, 2023. A webcast of the company's fireside chat will be available on-demand starting January 21, 2023, on their corporate website under the Investors tab. El Pollo Loco is a leading fire-grilled chicken restaurant known for its traditional Mexican cuisine combined with healthier options. Since its inception in 1980, it has opened over 485 locations across several states, reflecting its commitment to community and culture.
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