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.
El Pollo Loco (Nasdaq: LOCO) has introduced three new Fire-Grilled Chicken Burritos priced at $9.99* at participating locations. These burritos include handmade guacamole at no extra cost, emphasizing the company's commitment to value. The new offerings are:
1. Guacamole Chicken Burrito
2. Chipotle Guacamole Chicken Burrito
3. Queso Guacamole Chicken Burrito
Each burrito features quality ingredients and is designed to be more portable, flavorful, and filling. Customers can order online for pickup or delivery through ElPolloLoco.com or the Loco Rewards app. El Pollo Loco operates over 495 restaurants across seven U.S. states and has ten licensed locations in the Philippines.
El Pollo Loco (Nasdaq: LOCO) announces the return of two fan-favorite seasonal Stuffed Quesadilla flavors, available for a time starting May 16, 2024. The new Chicken Poblano Stuffed Quesadilla includes fire-grilled chicken, Jack cheese, avocados, roasted poblano peppers, salsa fresca, and a creamy cilantro dressing. The Shredded Beef Stuffed Quesadilla features tender beef, Jack cheese, onions, avocados, cilantro, and avocado salsa, though it's unavailable in Fresno and Sacramento markets. Also, the Chicken Avocado Stuffed Quesadilla remains a permanent menu item. These items are designed for convenience without sacrificing flavor, and can be ordered online or through the Loco Rewards app for pickup or delivery. Customers can earn redeemable points through the Loco Rewards program.
El Pollo Loco Holdings, Inc. announced its First Quarter 2024 Financial Results, showcasing a total revenue of $116.2 million, a 5.1% increase in system-wide comparable restaurant sales, and various improvements in income and net income compared to the previous year. The company's CEO, Liz Williams, highlighted the brand's success and potential growth, outlining strategic pillars for future success. Despite a decrease in company-operated restaurant revenue, an increase in comparable restaurant sales and franchise revenue was reported. The company also repurchased shares under its 2023 Share Repurchase Program and provided expectations for the remainder of 2024.
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