El Pollo Loco Q4 2020 Earnings Report
Key Takeaways
El Pollo Loco Holdings, Inc. reported a revenue increase to $110.3 million compared to $107.5 million in Q4 2019. Net income increased to $5.5 million, or $0.15 per diluted share, from $3.5 million, or $0.10 per diluted share, in the prior year period. System-wide comparable restaurant sales decreased slightly by 0.2%.
Total revenue increased to $110.3 million from $107.5 million year-over-year.
Net income rose to $5.5 million, or $0.15 per diluted share, compared to $3.5 million, or $0.10 per diluted share, in the prior year.
System-wide comparable restaurant sales decreased by 0.2%.
Income from operations increased to $8.2 million from $5.3 million year-over-year.
El Pollo Loco
El Pollo Loco
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.
Positive Outlook
- The opening of three to five new company-owned restaurants
- The opening of four to six new franchised restaurants.
- Pro forma income tax rate of 26.5%.