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, 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.
El Pollo Loco (Nasdaq: LOCO) announced the resignation of CEO Bernard Acoca, effective October 15, 2021, to pursue other opportunities. Laurance 'Larry' Roberts, currently CFO, has been appointed as Interim CEO. Under Acoca's leadership, the company improved sales and customer connections, navigating pandemic challenges effectively. Roberts, with over 25 years in the restaurant industry, aims to execute the company's Acceleration Agenda focusing on growth. Acoca will provide consulting to ensure a smooth transition.
El Pollo Loco (Nasdaq: LOCO) launches its 'For Your Consideration' campaign during National Hispanic Heritage Month to spotlight 11 Hispanic chefs as nominees for the 2022 James Beard Awards. This initiative addresses the underrepresentation of Hispanic talent in the culinary industry, where they make up significant portions of the workforce yet receive limited recognition. El Pollo Loco emphasizes its commitment to promoting diversity and inclusion through various activations, including ads and digital promotions. The campaign aims to encourage greater appreciation for Mexican culinary contributions.
El Pollo Loco, the leading fire-grilled chicken restaurant chain, has launched two new menu items: Double Chicken Nachos and Double Crunch Taquito Nachos, available for a limited time. These offerings come stacked with fresh toppings to prevent 'naked' chips, addressing customer preferences. Alongside the menu launch, El Pollo Loco is promoting its 'Say No to Naked Chips' campaign and offering new Loco Rewards members a free 8-piece Leg & Thigh Chicken Dinner with the purchase of a Familia Meal. The new items and campaign reinforce the brand's commitment to quality and customer satisfaction.
El Pollo Loco (NASDAQ: LOCO) announced that its CEO, Bernard Acoca, and CFO, Larry Roberts, will host a virtual fireside chat at the CL King’s 19th Annual Best Ideas Conference on September 14, 2021, starting at 3:30 PM ET. This event will provide investors and interested parties an opportunity to gain insights into the company’s strategies and future growth plans. A live webcast of the discussion will be available on El Pollo Loco's corporate website under the 'Investors' tab.
El Pollo Loco Holdings (Nasdaq: LOCO) reported strong financial results for the second quarter ended June 30, 2021. Total revenue increased to $122.0 million, a 22.4% rise from $99.6 million year-over-year. The company recorded a net income of $8.8 million ($0.24 per diluted share), up from $5.5 million ($0.16 per diluted share) in Q2 2020. System-wide comparable restaurant sales rose 21.0%. The company also reduced its debt by $13.8 million, ending with $40.0 million outstanding.
El Pollo Loco Holdings announced strong financial results for Q2 2021. Total revenue surged to $122.0 million, a 22% increase year-over-year, driven by a 21% rise in system-wide comparable restaurant sales. Net income reached $8.8 million, or $0.24 per diluted share, up from $5.5 million, or $0.16 per diluted share, in the prior year. Adjusted EBITDA improved to $19.9 million. The company aims to sustain sales momentum despite rising labor and commodity costs. During Q2, $13.8 million in debt was paid down, leaving $40 million outstanding.
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