El Pollo Loco (LOCO) Misses Q1 EPS by 2c
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El Pollo Loco Holdings, Inc. Announces First Quarter 2017 Financial Results
May 4, 2017 4:05 PM EDTCOSTA MESA, Calif., May 04, 2017 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended March 29, 2017.
Highlights for the first quarter ended March 29, 2017, compared to the first quarter ended March 30, 2016 were as follows:
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... More