El Pollo Loco Holdings, Inc. Announces Second Quarter 2019 Financial Results
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El Pollo Loco (LOCO) Tops Q2 EPS by 2c, Comp. Sales Up 0.7%; Offers FY19 EPS Outlook
August 1, 2019 5:42 PM EDTEl Pollo Loco (NASDAQ: LOCO) reported Q2 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $113.7 million versus the consensus estimate of $113.47 million.
Total revenue increased 1.9% to $113.7 million compared to $111.6 million in the same period of 2018.System-wide comparable restaurant sales increased 0.7%, including a 0.4% increase for company-operated restaurants, and a 0.9% increase for franchised restaurants.Net income was $14.1 million, or $0.37 per diluted share, an increase compared to net income of $5.1 million, or $0.13 per diluted share. During the second quarter of 2019 the Company received insurance proceeds of $10.0... More