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El Pollo Loco Holdings, Inc. reports developments from its fast-casual restaurant business, which operates and franchises El Pollo Loco restaurants centered on citrus-marinated fire-grilled chicken and Mexican-inspired menu items such as burritos, tostadas, bowls, salads and bone-in chicken meals. News commonly covers quarterly financial results, system-wide and company-operated restaurant sales trends, restaurant contribution, operating costs and debt levels.
Company updates also include menu innovation, product tests, loyalty program activity through Loco Rewards, marketing partnerships and brand initiatives tied to its restaurant base. These releases connect operating performance with customer traffic, pricing, menu mix and franchise activity in the limited-service restaurant market.
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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.
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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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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.