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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.
El Pollo Loco
El Pollo Loco
El Pollo Loco Revenue by Segment
Revenue by Segment
Franchise Revenue
CapyFin.com 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.