El Pollo Loco reports Q3 EPS 21c, consensus 17c

Reports Q3 revenue $120.4M, consensus $121.03M. System-wide comparable restaurant sales increased by 2.7%.Liz Williams, Chief Executive Officer of El Pollo Loco (LOCO) Holdings, Inc., stated, “Our third quarter results reflect yet another step toward capturing the opportunity ahead of us to become the national fire-grilled chicken brand. More specifically, we drove top-line growth through a 2.7% increase in system-wide comparable sales; expanded restaurant-level margins by 230 basis points year-over-year to 16.7%; and continue to make great progress on reducing the cost of our prototype to stimulate future unit growth. As we look ahead, we are pleased with what we have accomplished thus far to develop a strong foundation, and we are well positioned to ignite further growth in 2025 and beyond.”