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Sep 25, 2024
El Pollo Loco Q3 2024 Earnings Report
El Pollo Loco's financial performance remained stable with revenue consistent year-over-year, system-wide comparable restaurant sales increased, and restaurant contribution margin expanded.
Key Takeaways
El Pollo Loco Holdings, Inc. reported consistent total revenue of $120.4 million compared to the same period last year. System-wide comparable restaurant sales increased by 2.7%. The company's restaurant contribution margin improved to 16.7% from 14.4%. Net income decreased to $6.2 million, or $0.21 per diluted share, from $9.2 million, or $0.28 per diluted share, year-over-year.
Total revenue remained consistent at $120.4 million.
System-wide comparable restaurant sales increased by 2.7%.
Restaurant contribution margin increased to 16.7% from 14.4%.
Net income decreased to $6.2 million, or $0.21 per diluted share, compared to $9.2 million, or $0.28 per diluted share, in the prior year.
El Pollo Loco
El Pollo Loco
El Pollo Loco Revenue by Segment
Revenue by Segment
Company-operated restaurants Revenue
CapyFin.comFranchise Revenue
CapyFin.comFranchise advertising fee Revenue
CapyFin.com Forward Guidance
El Pollo Loco provided the following expectations for the remainder of 2024:
Positive Outlook
- The opening of two new company-owned restaurants
- The opening of three to four new franchised restaurants.
Challenges Ahead
- Capital spending between $21.0 – $23.0 million.
- G&A expense between $45.0 and $47.0 million excluding one-time charges.
- Adjusted income tax rate of 27.5 – 28.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income