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. (NASDAQ: LOCO) is the parent company of El Pollo Loco, which describes itself as the nation’s leading fire-grilled chicken restaurant. This news page aggregates company announcements, product launches, promotional campaigns and financial updates related to LOCO stock and the El Pollo Loco restaurant system.
Recent news releases highlight menu innovations such as Double Chicken Burrito Bowls and Double Pollo Salads, both built around the brand’s citrus-marinated, fire-grilled chopped chicken and Mexican or Mexican-inspired flavors. The company also announces seasonal promotions like the “12 Days of Pollo” for Loco Rewards members and National Chicken Month campaigns that feature BOGO offers and special contests.
Investors and followers of LOCO can also find updates on quarterly financial results, where El Pollo Loco reports metrics such as company-operated restaurant revenue, franchise revenue, system-wide comparable restaurant sales, restaurant contribution and Adjusted EBITDA. These earnings announcements are often paired with details on conference calls and webcasts hosted by company leadership.
Corporate governance and investor-relations developments appear in the news flow as well, including appointments of independent directors, board leadership changes and participation in investor conferences such as the ICR Conference. Together, these items provide a view into how El Pollo Loco manages its restaurant footprint, menu strategy and capital markets communications.
For anyone tracking LOCO stock or the broader El Pollo Loco brand, this page offers a centralized view of official company news, from menu introductions and loyalty initiatives to financial performance and board-level updates.
El Pollo Loco Holdings announced strong financial results for Q2 2021. Total revenue surged to $122.0 million, a 22% increase year-over-year, driven by a 21% rise in system-wide comparable restaurant sales. Net income reached $8.8 million, or $0.24 per diluted share, up from $5.5 million, or $0.16 per diluted share, in the prior year. Adjusted EBITDA improved to $19.9 million. The company aims to sustain sales momentum despite rising labor and commodity costs. During Q2, $13.8 million in debt was paid down, leaving $40 million outstanding.
COSTA MESA, Calif., July 22, 2021 - El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) will host a conference call on August 5, 2021, at 4:30 PM ET to discuss its Q2 2021 financial results. CEO Bernard Acoca and CFO Larry Roberts will lead the call. A press release will be issued that day, after market close. Live access is available by dialing 212-231-2915, with a replay until August 19. Additionally, the call will be webcast on the corporate website under 'Events & Presentations.' El Pollo Loco operates over 480 restaurants across several states, focusing on fire-grilled chicken and L.A. Mexican cuisine.
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.
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.
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