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 (Nasdaq: LOCO) is set to pilot drone delivery starting June 24, 2021, becoming the first national restaurant chain to do so. Partnering with Flytrex, this initiative aims to enhance customer experience and digital delivery capabilities. The pilot will provide select Loco Rewards members in Southern California with drone-delivered meals, ensuring high-quality and hot food. Additionally, the company is launching a summer promotion for free delivery on orders over $20, leveraging its new Thermo-to-Go™ packaging to maintain food temperature.
The Court of Chancery in Delaware is addressing a derivative action involving El Pollo Loco Holdings (LOCO) filed by stockholder Kevin Diep. This action has led to a proposed partial settlement, which requires court approval to resolve claims against certain defendants linked to the company. The settlement aims to benefit El Pollo Loco directly, and current stockholders do not need to take action but can object and attend the settlement hearing scheduled for September 10, 2021. If approved, the settlement will bar stockholders from contesting its fairness.
El Pollo Loco announced that CEO Bernard Acoca and CFO Larry Roberts will present at two virtual investor conferences in June 2021.
The first event is the Baird Global Consumer Conference on June 9 at 12:15 PM ET, followed by the Jefferies Consumer Conference on June 22 at 2:40 PM ET. Live webcasts will be available on the company's website under the 'Investors' tab.
El Pollo Loco specializes in fire-grilled chicken and has over 475 locations across several states, focusing on expansion through franchises.
El Pollo Loco (Nasdaq: LOCO) is launching its new Thermo-To-Go containers, replacing Styrofoam to enhance off-premises dining while supporting environmental sustainability. The new packaging, made from partially recycled materials, aims to keep food hotter and fresher, aligning with the increasing demand for takeout services, which surged 250% in delivery sales since 2019. This change is part of a broader digital transformation strategy, which also includes enhancements like GPS-enabled curbside pickup. The full rollout of these containers is expected by the end of May 2021.
El Pollo Loco Holdings reported a revenue increase to $107.7 million for Q1 2021, up from $105.2 million a year earlier. System-wide comparable restaurant sales improved by 7.4%, driven by a 10.5% uptick in franchised restaurants. Net income rose to $4.0 million or $0.11 per diluted share, compared to $3.6 million or $0.10 the previous year. Adjusted EBITDA declined to $11.9 million. The company paid down $9.0 million in debt, leaving $53.8 million outstanding. Despite positive sales trends, financial guidance for 2021 remains uncertain due to COVID-19 impacts.
El Pollo Loco launches the "Strong Like A Madre" initiative, offering twelve $5,000 'Madreship' grants to mothers in the Greater Los Angeles area impacted by the pandemic. The grants aim to assist mothers who paused their careers, with themes including entrepreneurship, workforce re-entry, and self-care. Nominations are open until May 14, 2021, and winners will be announced in late May. This effort supports mothers affected by job losses and emphasizes El Pollo Loco's commitment to community upliftment.
El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) will host a conference call to discuss its Q1 2021 financial results on May 6, 2021, at 4:30 PM ET. CEO Bernard Acoca and CFO Larry Roberts will lead the discussion. A press release with financial results will be issued after market close on the same day.
Investors can access the call by dialing 212-231-2937, with a replay available until May 20, 2021. The call will also be webcast live on the company’s investor website, with an archive available shortly after.
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