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 (NASDAQ: LOCO) will host a conference call on August 4, 2022, at 4:30 PM ET to discuss its Q2 2022 financial results. The call will be led by CEO Larry Roberts and CFO Ira Fils. A press release with the financial results will be issued after market close on the same day. Investors can access the call live by dialing 201-493-6780, with a replay option available until August 18, 2022, at 412-317-6671 (passcode: 13729625). The call will also be webcast on the company's investor relations website.
El Pollo Loco has launched a unique 'Abuela Approved' campaign featuring a new chief authenticator, who will provide humorous commentary on TikTok regarding the restaurant's offerings. This initiative aims to connect with a younger audience while highlighting the brand's family-oriented roots. The campaign acknowledges the growing trend of multigenerational households in the U.S. and will roll out a series of engaging videos this summer. The brand continues to promote its heritage and innovative L.A. Mex cuisine as part of its mission to foster community connections.
El Pollo Loco Holdings (NASDAQ: LOCO) announced a virtual fireside chat for the Jefferies Consumer Conference, starting June 20, 2022. The event will be accessible via their corporate website under the 'Investors' tab. With over 480 locations across the U.S., El Pollo Loco is known for its fire-grilled chicken and Mexican-inspired dishes. The company continues to expand through both company-owned and franchised restaurants.
El Pollo Loco (Nasdaq: LOCO) has appointed Ira Fils as the new Chief Financial Officer, effective June 27, 2022. Fils has over 20 years of experience, previously serving as CFO at The Habit Burger Grill, where he was instrumental in the company’s growth and successful IPO. CEO Larry Roberts expressed confidence that Fils’ extensive industry knowledge will enhance El Pollo Loco's strategic goals. The restaurant chain, known for its fire-grilled chicken, operates 480 locations and aims to expand further through new franchises.
El Pollo Loco Holdings reported Q1 2022 total revenue of $110.1 million, up from $107.7 million in Q1 2021. System-wide comparable restaurant sales rose 7.8%.
However, income from operations decreased to $3.3 million from $6.0 million, while net income fell to $2.1 million or $0.06 per diluted share, down from $4.0 million or $0.11 per share year-over-year. Adjusted EBITDA also declined to $8.5 million from $11.9 million.
The company maintains a $40 million debt balance with $25.5 million in cash as of March 30, 2022.
El Pollo Loco partners with Tapatío to celebrate Cinco de Mayo on May 5, 2022. The event features limited-edition Tapatío bottles with digital orders, discounted premium tacos for $5, and giveaways on Instagram every five minutes. Chief Marketing Officer Andy Rebhun highlights the ongoing partnership to enhance customer experiences. Tapatío's CEO praises the combination of their hot sauce with El Pollo Loco tacos as a true Cinco de Mayo delight. The event emphasizes digital engagement and customer appreciation through various promotions.
El Pollo Loco Holdings (NASDAQ: LOCO) has scheduled a conference call for May 4, 2022, at 4:30 PM ET to discuss its Q1 2022 financial results. CEO Larry Roberts will host the call, which will be accessible via phone or webcast. A press release detailing the financial results will be issued shortly after market close on the same day. The conference call can be accessed by dialing 201-493-6780, with a replay option available until May 18, 2022. El Pollo Loco is known for its fire-grilled chicken and has over 480 locations across several states.
El Pollo Loco (Nasdaq: LOCO) introduces Mexican Shredded Beef Birria to its menu, marking a historic move as the first quick-service restaurant (QSR) to feature this popular dish. The new offerings include Shredded Beef Birria Quesadillas, Burritos, and Crunchy Tacos, available system-wide until June 1. Customers can enjoy these entrees with a dippable birria consomé, enhancing the flavors of this traditional Mexican dish. The launch is supported by marketing initiatives including a special #DipNDrip TikTok activation.
El Pollo Loco Holdings reported its financial results for Q4 2021, highlighting total revenue of $109 million, a slight decrease from $110.3 million in Q4 2020. System-wide comparable restaurant sales grew by 11%, with net income increasing to $6.2 million or $0.17 per share. Restaurant contribution margin slightly declined to 15.7%
despite wage increases and higher operational costs. Looking ahead, the company plans to open 3-6 new company-owned restaurants in 2022, while navigating challenges posed by the pandemic.
FAQ
What is the current stock price of El Pollo Loco Holdings (LOCO)?
What is the market cap of El Pollo Loco Holdings (LOCO)?
What is El Pollo Loco Holdings, Inc. best known for?
Where are El Pollo Loco restaurants located?
How does El Pollo Loco manage commodity price risks?
What recent financial initiatives has El Pollo Loco undertaken?
How does El Pollo Loco ensure the freshness of its food?
What are El Pollo Loco's digital and delivery services?
What is the company’s mission?
How can I find more information about El Pollo Loco’s financial performance?
When did El Pollo Loco first open?
How does El Pollo Loco expand its market presence?
