•
Sep 28, 2022
El Pollo Loco Q3 2022 Earnings Report
Financial results announced for the third quarter of 2022.
Key Takeaways
El Pollo Loco Holdings, Inc. reported a total revenue increase to $119.9 million compared to $115.7 million in the third quarter of 2021. Net income decreased to $5.0 million, or $0.14 per diluted share, compared to $10.2 million, or $0.28 per diluted share in the same quarter of the previous year.
Total revenue was $119.9 million compared to $115.7 million.
System-wide comparable restaurant sales increased 3.8%.
Income from operations was $6.9 million compared to $14.2 million.
Net income was $5.0 million, or $0.14 per diluted share, compared to net income of $10.2 million, or $0.28 per diluted share.
El Pollo Loco
El Pollo Loco
El Pollo Loco Revenue by Segment
Forward Guidance
The Company is providing the following expectations for 2022:
Positive Outlook
- The opening of four new company-owned restaurants and seven to nine new franchised restaurants.
- Capital spend of $19.0 - $22.0 million
- Pro forma income tax rate of 26.5%.