El Pollo Loco Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 27, 2023
March 07, 2024 at 04:05 pm EST
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El Pollo Loco Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 27, 2023. For the fourth quarter, the company reported revenue was USD 112.25 million compared to USD 115.92 million a year ago. Net income was USD 4.35 million compared to USD 6.54 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.18 a year ago.
For the full year, revenue was USD 468.66 million compared to USD 469.96 million a year ago. Net income was USD 25.55 million compared to USD 20.8 million a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.74 compared to USD 0.57 a year ago.
El Pollo Loco Holdings, Inc. specializes in fire-grilling citrus-marinated chicken and operates in the limited-service restaurant (LSR) segment. The Company offers food that integrates the culinary traditions of Mexico with the lifestyle of Los Angeles. Its menu features its signature product, citrus-marinated fire-grilled chicken, as well as a variety of Mexican and Los Angeles (LA)-inspired entrees creates from its chicken. It serves individual and family-sized chicken meals, a variety of Mexican and Los Angeles (LA)-inspired entrees and sides, on a limited-time basis, and additional proteins like beef. Its entrees include Chicken Avocado Burrito, Pollo Fit entrees, chicken tostada salads, and Pollo Bowls. Its Creamy Cilantro dressings and salsas are prepared fresh daily, allowing its customers to create their favorite flavor profiles to enhance their culinary experience. It operates approximately 495 restaurants, which consist of 172 Company-operated and 323 franchised restaurants.