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Sep 29, 2021
El Pollo Loco Q3 2021 Earnings Report
Announced financial results, demonstrating revenue growth and comparable restaurant sales increase.
Key Takeaways
El Pollo Loco Holdings, Inc. reported a revenue of $115.7 million, a system-wide comparable restaurant sales increase of 9.3%, and a net income of $10.2 million for the third quarter of 2021.
Total revenue was $115.7 million compared to $111.0 million.
System-wide comparable restaurant sales increased 9.3%.
Income from operations was $14.2 million compared to $12.2 million.
Net income was $10.2 million, or $0.28 per diluted share, compared to net income of $9.9 million, or $0.28 per diluted share.
El Pollo Loco
El Pollo Loco
El Pollo Loco Revenue by Segment
Revenue by Segment
Franchise Revenue
CapyFin.comFranchise advertising fee Revenue
CapyFin.com Forward Guidance
Due to the uncertainty surrounding the COVID-19 pandemic, the company is not yet providing a financial outlook for the year ending December 29, 2021, but is updating expectations for accelerating costs and development delays.
Challenges Ahead
- Accelerating commodity and labor costs will further pressure margins in the fourth quarter of 2021 relative to the third quarter of 2021.
- Due to permitting and equipment delivery delays, we are lowering our 2021 development expectations to two to three company-owned and one to three franchise new restaurant openings versus our previous guidance of three to five new company-owned restaurants and four to six new franchised restaurants.
- Pro forma income tax rate of 26.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income