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LOCO Nasdaq· El Pollo Loco Holdings Inc.
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LOCO Nasdaq· El Pollo Loco Holdings Inc.
Earnings report Q3 2023

El Pollo Loco Holdings Reports Stable Revenue in Latest Quarter

Segments of Revenue

El Pollo Loco Holdings, Inc. reported total revenue of $120.4 million for the thirteen weeks ended September 27, 2023, compared to $119.9 million in the same period last year. The company-operated restaurant revenue amounted to $102.7 million, slightly lower than the $103.2 million reported in the prior year. Franchise revenue increased to $10.3 million from $9.5 million, while franchise advertising fee revenue rose to $7.4 million from $7.2 million.

Strengths

El Pollo Loco Holdings demonstrated stability in its revenue performance during the latest quarter. Despite a slight decrease in company-operated restaurant revenue, the overall revenue remained steady. The increase in franchise revenue and franchise advertising fee revenue indicates the company's successful efforts in expanding its franchise network and generating additional income streams. Management comments were not provided in the report.

Challenges

One of the challenges faced by El Pollo Loco Holdings in the latest quarter was a decrease in company-operated restaurant revenue. This decline may be attributed to various factors such as changes in consumer preferences, competitive pressures, or macroeconomic conditions. However, the impact of these challenges on the overall revenue was mitigated by the growth in franchise revenue and franchise advertising fee revenue.

Noteworthy

There were no significant extraordinary events or exceptional circumstances mentioned in the report that would significantly impact the company's revenue performance during the latest quarter.

Summary

El Pollo Loco Holdings reported stable revenue in the latest quarter, with total revenue amounting to $120.4 million. While company-operated restaurant revenue experienced a slight decrease, the growth in franchise revenue and franchise advertising fee revenue contributed to the overall stability of the company's revenue. The challenges faced by the company in terms of declining company-operated restaurant revenue were offset by the positive performance of its franchise operations. Overall, El Pollo Loco Holdings demonstrated resilience in its revenue performance during the quarter.

Source documents

Form 10-Q  filed on Nov 03, 2023
30 pages scanned

Reference data

Company financials Q3 revenue 120M
Analyst estimates Q3 EPS missed by -7.77%
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