El Pollo Loco Q2 2022 Earnings Report
Key Takeaways
El Pollo Loco Holdings, Inc. reported a revenue increase to $124.1 million, with system-wide comparable restaurant sales up by 7.5%. Net income was $7.1 million, or $0.20 per diluted share. The company is facing challenges from inflationary pressures and a softening of consumer traffic.
Total revenue increased to $124.1 million compared to $122.0 million.
System-wide comparable restaurant sales increased by 7.5%.
Net income was $7.1 million, or $0.20 per diluted share, compared to $8.8 million, or $0.24 per diluted share.
The company entered into a new credit agreement providing a $150 million five-year senior secured revolving facility.
El Pollo Loco
El Pollo Loco
El Pollo Loco Revenue by Segment
Forward Guidance
The company provided the following expectations for 2022:
Positive Outlook
- The opening of three to six new company-owned restaurants
- The opening of six to ten new franchised restaurants.
- Capital spend of $20.0 - $25.0 million
- Pro forma income tax rate of 26.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income