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 Holdings reported its financial results for Q4 2021, highlighting total revenue of $109 million, a slight decrease from $110.3 million in Q4 2020. System-wide comparable restaurant sales grew by 11%, with net income increasing to $6.2 million or $0.17 per share. Restaurant contribution margin slightly declined to 15.7%
despite wage increases and higher operational costs. Looking ahead, the company plans to open 3-6 new company-owned restaurants in 2022, while navigating challenges posed by the pandemic.
El Pollo Loco, the leading fire-grilled chicken restaurant chain, has appointed Laurance “Larry” Roberts as CEO, effective immediately. Roberts, who has served as the Interim CEO since October 2021, will also hold the interim CFO role while the search for a permanent CFO is underway. The Board expressed confidence in Roberts' leadership, attributing growth and enhanced brand strength over the past five months to his efforts. El Pollo Loco operates 480 restaurants across seven states, with plans for expansion.
El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) will host a conference call on March 10, 2022, at 4:30 PM ET to discuss its fourth quarter and full year 2021 financial results. The call will be led by Interim CEO and CFO Larry Roberts. A press release with the financial results will be issued on the same day after market close. Interested parties can join the call by dialing 201-493-6780, with a replay available until March 24, 2022. The conference will also be webcast live on the company's investor website, where an archive will be available afterwards.
El Pollo Loco Holdings (Nasdaq: LOCO) reported a 11.1% year-over-year increase in system-wide comparable restaurant sales for Q4 2021, driven by a 14.4% rise in franchise sales. The company forecasted revenues between $108.0 million and $109.0 million, affected by staffing challenges reducing company-operated sales by approximately 5-6%. Interim CEO Larry Roberts emphasized efforts in staffing and operational efficiency as key to driving future sales. The final financial results will be announced in March 2022.
El Pollo Loco (Nasdaq: LOCO) introduces three new Dos Locos Salads to its menu, featuring a blend of LA-Mex comfort foods and nutritious ingredients. The salads include Cheesy Quesadilla Salad, Chicken Taquito Salad, and Unwrapped Chicken Burrito Salad, all available until March 16. Each salad incorporates fresh super greens, avocado, and customizable dressings. The launch aligns with consumer trends focusing on health without sacrificing flavor, aiming to balance comfort food cravings and wellness.
El Pollo Loco appointed Deborah Gonzalez and Nancy Faginas-Cody to its Board of Directors, effective December 9, 2021. Gonzalez, with over 30 years in brand marketing, and Faginas-Cody, a retired IT executive from Walt Disney Company, bring valuable expertise to the board. This expansion increased the board size from nine to eleven members. The addition aims to enhance brand marketing and technology strategies, supporting the company's growth in the competitive fire-grilled chicken restaurant market.
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.
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