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Dec 27, 2023
El Pollo Loco Q4 2023 Earnings Report
El Pollo Loco's financial performance declined in Q4 2023, with revenue and net income decreasing compared to the same period last year, but system-wide comparable restaurant sales increased slightly.
Key Takeaways
El Pollo Loco Holdings, Inc. reported a decrease in total revenue to $112.2 million compared to $115.9 million in Q4 2022. Net income also decreased to $4.4 million, or $0.14 per diluted share, from $6.5 million, or $0.18 per diluted share, in the prior year. However, system-wide comparable restaurant sales increased by 0.9%. The company's restaurant contribution was $14.8 million, representing 15.8% of company-operated restaurant revenue.
Total revenue decreased to $112.2 million from $115.9 million.
System-wide comparable restaurant sales increased by 0.9%.
Net income decreased to $4.4 million, or $0.14 per diluted share, from $6.5 million, or $0.18 per diluted share.
Adjusted EBITDA increased to $13.6 million from $13.3 million.
Revenue by Segment
Forward Guidance
The Company is providing the following expectations for the remainder of 2024:
Positive Outlook
- The opening of two new company-owned restaurants
- The opening of five to seven new franchised restaurants.
Challenges Ahead
- Capital spend of $25.0 - $28.0 million.
- G&A expense between $45.0 and $47.0 million.
- Adjusted income tax rate of 27.0 – 28.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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