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Sep 23, 2020
El Pollo Loco Q3 2020 Earnings Report
El Pollo Loco's Q3 2020 performance was marked by a return to positive system-wide comparable sales and improved operational efficiencies.
Key Takeaways
El Pollo Loco Holdings, Inc. reported financial results for the third quarter ended September 23, 2020, with total revenue of $111.0 million and net income of $9.9 million, or $0.28 per diluted share. System-wide comparable restaurant sales increased by 1.8%.
Total revenue reached $111.0 million, slightly below the $112.1 million from the previous year.
System-wide comparable restaurant sales increased by 1.8%.
Net income was $9.9 million, or $0.28 per diluted share, compared to $6.4 million, or $0.18 per diluted share, in the prior year period.
Adjusted EBITDA was $19.3 million, compared to $15.9 million.
Revenue by Segment
Forward Guidance
The Company provided the following limited outlook for the fourth quarter of 2020:
Positive Outlook
- System same store sales of approximately 1% - 2%.
- Restaurant contribution margin of 18.0% to 18.5%, which includes an estimated 60 bp negative impact from this year’s 53rd week.
- G&A spend of $9.6 million to $10 million excluding legal costs associated with the securities class action lawsuit.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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