El Pollo Loco Q3 2024 Earnings Report
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
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