El Pollo Loco (LOCO) Misses Q1 EPS by 2c

El Pollo Loco (NASDAQ: LOCO) reported Q1 EPS of $0.12, $0.02 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $99.8 million versus the consensus estimate of $98.72 million.

• Total revenue increased 5.7% to $99.8 million compared to $94.4 million.
• System-wide comparable restaurant sales declined 0.3%, including a 0.4% decrease for company-operated restaurants, and a 0.2% decrease for franchised restaurants.
• Net income decreased to $4.9 million, or $0.12 per diluted share, compared to $5.4 million, or $0.14 per diluted share in the prior year. First quarter 2017 results included a $0.9 million pre-tax expense, primarily related to a closed-store reserve for the closure of two restaurants.
• Pro forma net income(1) was $6.1 million, or $0.16 per diluted share, compared to $6.6 million, or $0.17 per diluted share.
• Adjusted EBITDA(1) was $16.0 million for both the current quarter and prior year comparable period.

For earnings history and earnings-related data on El Pollo Loco (LOCO) click here.

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