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El Pollo LoCo (LOCO)
NASDAQ:LOCO
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.14Last Year’s EPS
$0.16Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -4.83%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed outlook. While there are significant achievements in sales growth, margin improvement, and digital and operational strategies, there are notable challenges in revenue stability, transaction declines in major markets, and high labor costs. The company is focusing on value offerings and new unit growth to counteract these challenges.Company Guidance
During the El Pollo Loco Q3 2024 earnings call, the company provided several metrics highlighting its financial and strategic performance. System-wide comparable sales increased by 2.7%, while restaurant-level margins expanded by 230 basis points, reaching 16.7%. Total revenue for the quarter was $120.4 million, with company-operated restaurant sales decreasing slightly by 1.5% due to refranchising efforts, despite a 2.8% increase in comparable restaurant sales. The company reported a GAAP net income of $6.2 million and adjusted net income of $6.3 million. Looking forward, El Pollo Loco raised its 2024 margin expectations to 16.75% - 17.25% and plans to open two company-operated and three to four franchised restaurants by year-end. The company is also focusing on cost-saving initiatives and intends to significantly increase its remodel program, touching half of its total system over the next four years.Increase in System-Wide Comparable Sales
El Pollo Loco reported a 2.7% increase in system-wide comparable sales for Q3 2024, driven by menu innovations and value promotions.
Improved Restaurant-Level Margins
Restaurant-level margins expanded 230 basis points year-over-year to 16.7%, with expectations to end 2024 in the 16.75% to 17.25% range.
Successful Franchise Conference
The annual franchise conference energized franchise partners, focusing on key priorities like consistent sales growth, improved margins, and new unit development.
Digital and Operational Enhancements
Continued investment in digital-first strategies and operational efficiencies, including a new customer feedback system and kiosk rollout completion by early Q1 2025.
Innovative Menu Offerings
Introduction of new menu items like the Doublechopp salad and fire-grilled burritos with unique flavors, and initiatives like Taco Tuesday and $5 Pollo Bowl to drive value.
Plans for Unit Growth
El Pollo Loco plans to open at least 10 restaurants in 2025, leveraging a flexible footprint that includes drive-throughs and nontraditional locations.
Strong Franchise Health
The franchise system is financially healthy, with franchisees showing excitement for new growth initiatives.
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LOCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LOCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $12.22 | $11.96 | -2.13% |
| Aug 01, 2024 | $11.88 | $11.96 | +0.67% |
| May 02, 2024 | $8.60 | $10.01 | +16.40% |
| Mar 07, 2024 | $9.06 | $8.70 | -3.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does El Pollo LoCo (LOCO) report earnings?
El Pollo LoCo (LOCO) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is El Pollo LoCo (LOCO) earnings time?
El Pollo LoCo (LOCO) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LOCO EPS forecast?
LOCO EPS forecast for the fiscal quarter 2024 (Q4) is $0.14.
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