Welcome to our dedicated page for El Pollo Loco Ho news (Ticker: LOCO), a resource for investors and traders seeking the latest updates and insights on El Pollo Loco Ho stock.
El Pollo Loco Holdings, Inc. (LOCO) operates a leading fast-casual restaurant chain known for its signature fire-grilled chicken and Mexican-inspired flavors. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases, earnings call transcripts, and analysis of operational milestones. Track updates across key business areas including new restaurant openings, menu innovations, franchising partnerships, and digital ordering initiatives. The curated collection serves as an essential resource for monitoring LOCO's market position in the competitive quick-service sector.
Content spans quarterly financial results, leadership announcements, supply chain developments, and consumer trend adaptations. Regular updates ensure stakeholders stay informed about factors impacting LOCO's growth strategy and brand evolution. Bookmark this page for streamlined access to material information affecting investment decisions and industry analysis.
El Pollo Loco has launched its first online merchandise store, Loco Gifts and Gear, celebrating its L.A. Mex heritage through various exclusive products. Members of Loco Rewards receive early access, while the general public can shop starting tonight. The store features collaborations with local Latino artists, including David Flores, who designed skateboards and apparel, Rick Massie, who created a custom surfboard, and Manny Silva, known for his lowrider bikes. Limited quantities are expected to sell out quickly, driving consumer excitement.
El Pollo Loco Holdings reported third-quarter financial results for the period ending September 29, 2021, revealing total revenue of $115.7 million, up from $111.0 million year-over-year. System-wide comparable restaurant sales grew by 9.3%, attributed to a 5.9% increase in transactions. Net income reached $10.2 million at $0.28 per diluted share, consistent with the previous year. However, restaurant contribution margins decreased to 20.4% due to rising labor and operating costs. The company is facing supply chain challenges and has revised its future openings guidance amid increasing commodity costs.
El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) announced a conference call scheduled for November 4, 2021, at 4:30 PM ET to discuss third quarter 2021 financial results. The call will be led by Larry Roberts, Interim Chief Executive Officer, with a press release detailing the results issued post-market closure. The call can be accessed at 201-493-6780, with a replay available until November 18, 2021. The event will also be webcast live on the company’s investor relations site.
El Pollo Loco (Nasdaq: LOCO) announced the resignation of CEO Bernard Acoca, effective October 15, 2021, to pursue other opportunities. Laurance 'Larry' Roberts, currently CFO, has been appointed as Interim CEO. Under Acoca's leadership, the company improved sales and customer connections, navigating pandemic challenges effectively. Roberts, with over 25 years in the restaurant industry, aims to execute the company's Acceleration Agenda focusing on growth. Acoca will provide consulting to ensure a smooth transition.
El Pollo Loco (Nasdaq: LOCO) launches its 'For Your Consideration' campaign during National Hispanic Heritage Month to spotlight 11 Hispanic chefs as nominees for the 2022 James Beard Awards. This initiative addresses the underrepresentation of Hispanic talent in the culinary industry, where they make up significant portions of the workforce yet receive limited recognition. El Pollo Loco emphasizes its commitment to promoting diversity and inclusion through various activations, including ads and digital promotions. The campaign aims to encourage greater appreciation for Mexican culinary contributions.
El Pollo Loco, the leading fire-grilled chicken restaurant chain, has launched two new menu items: Double Chicken Nachos and Double Crunch Taquito Nachos, available for a limited time. These offerings come stacked with fresh toppings to prevent 'naked' chips, addressing customer preferences. Alongside the menu launch, El Pollo Loco is promoting its 'Say No to Naked Chips' campaign and offering new Loco Rewards members a free 8-piece Leg & Thigh Chicken Dinner with the purchase of a Familia Meal. The new items and campaign reinforce the brand's commitment to quality and customer satisfaction.
El Pollo Loco (NASDAQ: LOCO) announced that its CEO, Bernard Acoca, and CFO, Larry Roberts, will host a virtual fireside chat at the CL King’s 19th Annual Best Ideas Conference on September 14, 2021, starting at 3:30 PM ET. This event will provide investors and interested parties an opportunity to gain insights into the company’s strategies and future growth plans. A live webcast of the discussion will be available on El Pollo Loco's corporate website under the 'Investors' tab.
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