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 (Nasdaq: LOCO) has announced a multi-unit development deal for five new restaurants in Northern California and Southern Oregon, signed with Bunch of Pollo, Inc.. The first location is expected to open in early 2023. This expansion is part of the company's broader goal to add 140 restaurants nationwide through existing and new franchisees. The new outlets will feature a modern design with enhanced digital services to support off-premise dining. El Pollo Loco aims to strengthen its market presence while offering healthier fast-food options.
El Pollo Loco (Nasdaq: LOCO) announced a multi-unit agreement to develop four restaurants in the Seattle metro area, specifically targeting Pierce and King County. Franchisee Jean-Paul Pirio, an experienced restaurateur, plans to introduce local customers to the chain's signature offerings. The new locations will feature a prototype design emphasizing off-premise dining, including a drive-thru and curbside pickup. El Pollo Loco is actively seeking additional franchise partners for expansion in the Pacific Northwest and other U.S. markets.
El Pollo Loco introduces the new $5 Fire-Grilled Shredded Chicken Quesadilla Combo, available system-wide until November 2, 2022. This combo features shredded chicken, cheese, and salsa in a flour tortilla, accompanied by a drink and tortilla chips. The restaurant is enhancing its value menu with offerings starting at $5, alongside Family Feasts starting at $24. These initiatives aim to cater to customers' needs for convenience and quality as they transition into the back-to-school season.
El Pollo Loco Holdings (LOCO) reported Q2 2022 revenue of $124.1 million, up from $122.0 million YoY. System-wide comparable restaurant sales increased by 7.5%.
However, income from operations fell to $10.4 million from $12.7 million in Q2 2021. Restaurant contribution dropped to 15.0% of revenue, down from 20.8%, influenced by inflation and rising costs. Net income was $7.1 million ($0.20 per diluted share), a decrease from $8.8 million ($0.24) a year earlier.
The company is opening 3-6 new company-owned restaurants in 2022.
El Pollo Loco Holdings (NASDAQ: LOCO) will host a conference call on August 4, 2022, at 4:30 PM ET to discuss its Q2 2022 financial results. The call will be led by CEO Larry Roberts and CFO Ira Fils. A press release with the financial results will be issued after market close on the same day. Investors can access the call live by dialing 201-493-6780, with a replay option available until August 18, 2022, at 412-317-6671 (passcode: 13729625). The call will also be webcast on the company's investor relations website.
El Pollo Loco has launched a unique 'Abuela Approved' campaign featuring a new chief authenticator, who will provide humorous commentary on TikTok regarding the restaurant's offerings. This initiative aims to connect with a younger audience while highlighting the brand's family-oriented roots. The campaign acknowledges the growing trend of multigenerational households in the U.S. and will roll out a series of engaging videos this summer. The brand continues to promote its heritage and innovative L.A. Mex cuisine as part of its mission to foster community connections.
El Pollo Loco Holdings (NASDAQ: LOCO) announced a virtual fireside chat for the Jefferies Consumer Conference, starting June 20, 2022. The event will be accessible via their corporate website under the 'Investors' tab. With over 480 locations across the U.S., El Pollo Loco is known for its fire-grilled chicken and Mexican-inspired dishes. The company continues to expand through both company-owned and franchised restaurants.
El Pollo Loco (Nasdaq: LOCO) has appointed Ira Fils as the new Chief Financial Officer, effective June 27, 2022. Fils has over 20 years of experience, previously serving as CFO at The Habit Burger Grill, where he was instrumental in the company’s growth and successful IPO. CEO Larry Roberts expressed confidence that Fils’ extensive industry knowledge will enhance El Pollo Loco's strategic goals. The restaurant chain, known for its fire-grilled chicken, operates 480 locations and aims to expand further through new franchises.
El Pollo Loco Holdings reported Q1 2022 total revenue of $110.1 million, up from $107.7 million in Q1 2021. System-wide comparable restaurant sales rose 7.8%.
However, income from operations decreased to $3.3 million from $6.0 million, while net income fell to $2.1 million or $0.06 per diluted share, down from $4.0 million or $0.11 per share year-over-year. Adjusted EBITDA also declined to $8.5 million from $11.9 million.
The company maintains a $40 million debt balance with $25.5 million in cash as of March 30, 2022.
El Pollo Loco partners with Tapatío to celebrate Cinco de Mayo on May 5, 2022. The event features limited-edition Tapatío bottles with digital orders, discounted premium tacos for $5, and giveaways on Instagram every five minutes. Chief Marketing Officer Andy Rebhun highlights the ongoing partnership to enhance customer experiences. Tapatío's CEO praises the combination of their hot sauce with El Pollo Loco tacos as a true Cinco de Mayo delight. The event emphasizes digital engagement and customer appreciation through various promotions.
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