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Dec 28, 2022
El Pollo Loco Q4 2022 Earnings Report
El Pollo Loco's Q4 2022 financial performance was driven by improvements in both Company-operated and franchise restaurant operations, along with the success of the Stuffed Quesadilla promotion.
Key Takeaways
El Pollo Loco Holdings, Inc. reported Q4 2022 financial results with a total revenue of $115.9 million, compared to $109.0 million in Q4 2021. System-wide comparable restaurant sales increased by 4.7%. Net income was $6.5 million, or $0.18 per diluted share, compared to $6.2 million, or $0.17 per diluted share in the prior year.
Total revenue increased to $115.9 million from $109.0 million year-over-year.
System-wide comparable restaurant sales increased by 4.7%.
Net income increased to $6.5 million, or $0.18 per diluted share, from $6.2 million, or $0.17 per diluted share, year-over-year.
Adjusted EBITDA was $13.3 million, compared to $12.7 million year-over-year.
El Pollo Loco
El Pollo Loco
Forward Guidance
The Company is providing the following expectations for 2023:
Positive Outlook
- The opening of four to six new company-owned restaurants
- The opening of eight to twelve new franchised restaurants.
Challenges Ahead
- Capital spend of $27.0 - $31.0 million.
- G&A expense between $42.0 and $45.0 million.
- Adjusted income tax rate of 26.5%.