El Pollo Loco (LOCO) Tops Q2 EPS by 5c

El Pollo Loco (NASDAQ: LOCO) reported Q2 EPS of $0.26, $0.05 better than the analyst estimate of $0.21. Revenue for the quarter came in at $122.2 million versus the consensus estimate of $120.72 million.

2024 Outlook

The Company is providing the following expectations for the remainder of 2024:

The opening of two new company-owned restaurants and four to five new franchised restaurants.
Capital spending between $24.0 – $26.0 million.
G&A expense between $45.0 and $47.0 million excluding one-time charges.
Adjusted income tax rate of 27.5 – 28.0%.

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

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