El Pollo Loco (LOCO) Tops Q4 EPS by 5c

El Pollo Loco (NASDAQ: LOCO) reported Q4 EPS of $0.17, $0.05 better than the analyst estimate of $0.12. Revenue for the quarter came in at $109 million versus the consensus estimate of $108.58 million.

2022 Outlook:

Due to the uncertainty surrounding the COVID-19 pandemic, the company is not yet providing a financial outlook for the year ending December 28, 2022. However, the company is providing the following expectations for 2022:

• The opening of three to six new company-owned restaurants and six to ten new franchised restaurants.
• Capital spend of $20.0 - $25.0 million
• Pro forma income tax rate of 26.5%.

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

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