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Jun 26, 2024
El Pollo Loco Q2 2024 Earnings Report
El Pollo Loco's Q2 2024 performance was solid, marked by revenue growth and improved company-operated store margins.
Key Takeaways
El Pollo Loco Holdings, Inc. reported a revenue increase to $122.2 million, with system-wide comparable restaurant sales increasing by 4.5%. The company's net income rose to $7.6 million, or $0.25 per diluted share, and company-operated store margins improved to 18.6%.
Total revenue increased to $122.2 million compared to $121.5 million.
System-wide comparable restaurant sales increased by 4.5%.
Income from operations increased to $12.3 million compared to $10.9 million.
Net income increased to $7.6 million, or $0.25 per diluted share, compared to $7.1 million, or $0.20 per diluted share.
El Pollo Loco
El Pollo Loco
El Pollo Loco Revenue by Segment
Forward Guidance
El Pollo Loco provided the following expectations for the remainder of 2024:
Positive Outlook
- The opening of two new company-owned restaurants.
- The opening of four to five new franchised restaurants.
- Capital spending between $24.0 – $26.0 million.
- G&A expense between $45.0 and $47.0 million excluding one-time charges.
- Adjusted income tax rate of 27.5 – 28.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income