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, the leading fire-grilled chicken restaurant chain, has appointed Laurance “Larry” Roberts as CEO, effective immediately. Roberts, who has served as the Interim CEO since October 2021, will also hold the interim CFO role while the search for a permanent CFO is underway. The Board expressed confidence in Roberts' leadership, attributing growth and enhanced brand strength over the past five months to his efforts. El Pollo Loco operates 480 restaurants across seven states, with plans for expansion.
El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) will host a conference call on March 10, 2022, at 4:30 PM ET to discuss its fourth quarter and full year 2021 financial results. The call will be led by Interim CEO and CFO Larry Roberts. A press release with the financial results will be issued on the same day after market close. Interested parties can join the call by dialing 201-493-6780, with a replay available until March 24, 2022. The conference will also be webcast live on the company's investor website, where an archive will be available afterwards.
El Pollo Loco Holdings (Nasdaq: LOCO) reported a 11.1% year-over-year increase in system-wide comparable restaurant sales for Q4 2021, driven by a 14.4% rise in franchise sales. The company forecasted revenues between $108.0 million and $109.0 million, affected by staffing challenges reducing company-operated sales by approximately 5-6%. Interim CEO Larry Roberts emphasized efforts in staffing and operational efficiency as key to driving future sales. The final financial results will be announced in March 2022.
El Pollo Loco (Nasdaq: LOCO) introduces three new Dos Locos Salads to its menu, featuring a blend of LA-Mex comfort foods and nutritious ingredients. The salads include Cheesy Quesadilla Salad, Chicken Taquito Salad, and Unwrapped Chicken Burrito Salad, all available until March 16. Each salad incorporates fresh super greens, avocado, and customizable dressings. The launch aligns with consumer trends focusing on health without sacrificing flavor, aiming to balance comfort food cravings and wellness.
El Pollo Loco appointed Deborah Gonzalez and Nancy Faginas-Cody to its Board of Directors, effective December 9, 2021. Gonzalez, with over 30 years in brand marketing, and Faginas-Cody, a retired IT executive from Walt Disney Company, bring valuable expertise to the board. This expansion increased the board size from nine to eleven members. The addition aims to enhance brand marketing and technology strategies, supporting the company's growth in the competitive fire-grilled chicken restaurant market.
El Pollo Loco has launched its first online merchandise store, Loco Gifts and Gear, celebrating its L.A. Mex heritage through various exclusive products. Members of Loco Rewards receive early access, while the general public can shop starting tonight. The store features collaborations with local Latino artists, including David Flores, who designed skateboards and apparel, Rick Massie, who created a custom surfboard, and Manny Silva, known for his lowrider bikes. Limited quantities are expected to sell out quickly, driving consumer excitement.
El Pollo Loco Holdings reported third-quarter financial results for the period ending September 29, 2021, revealing total revenue of $115.7 million, up from $111.0 million year-over-year. System-wide comparable restaurant sales grew by 9.3%, attributed to a 5.9% increase in transactions. Net income reached $10.2 million at $0.28 per diluted share, consistent with the previous year. However, restaurant contribution margins decreased to 20.4% due to rising labor and operating costs. The company is facing supply chain challenges and has revised its future openings guidance amid increasing commodity costs.
El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) announced a conference call scheduled for November 4, 2021, at 4:30 PM ET to discuss third quarter 2021 financial results. The call will be led by Larry Roberts, Interim Chief Executive Officer, with a press release detailing the results issued post-market closure. The call can be accessed at 201-493-6780, with a replay available until November 18, 2021. The event will also be webcast live on the company’s investor relations site.
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?
