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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
Revenue by Segment
Franchise Revenue
CapyFin.com 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%.