COSTA MESA, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended September 25, 2024. Highlights for the third quarter ended September 25, 2024 compared to the third quarter ended September 27, 2023 were as follows: Total revenue was $120.4 million in both periods.System-wide comparable restaurant sales(1) increased by 2.7%.Income from operations was $10.1 million compared to $13.7 million.Restaurant contribution( ...

COSTA MESA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- El Pollo Loco, the nation's premier fire-grilled chicken restaurant chain, today unveiled their new Iconic restaurant prototype showcasing an enduring, yet modern and efficient design. As the brand approaches its 50th anniversary next year, they look to create a modern legacy of curated experiences, inspired by place and punctuated by new menu innovation. While the new restaurant prototype includes existing brand elements - such as the fire stack gradien ...

Group 1 - El Pollo Loco launches a Taco Tuesday promotion offering two tacos for $5 starting October 29, 2024, valid every Tuesday until December 31, 2024 [3][5] - Loco Rewards Members can enjoy three tacos for $5, with membership providing additional benefits such as earning points and exclusive offers [3][5] - The promotion is available at participating locations, with pricing and participation potentially varying by location [4] Group 2 - El Pollo Loco is recognized as the leading fire-grilled chicken restaurant chain in the U.S., known for its flavorful and healthier menu options [2][5] - The company operates over 495 restaurants across seven U.S. states and has ten licensed locations in the Philippines [5] - El Pollo Loco emphasizes inclusivity and community, with a workforce of over 4,000 employees [5]

COSTA MESA, Calif., Oct. 25, 2024 (GLOBE NEWSWIRE) -- El Pollo Loco, the nation's leading fire-grilled chicken restaurant, is turning up the heat with a limited-time test of its all-new Mango Habanero sauce— available exclusively in select Orange County and Los Angeles locations. WHO:El Pollo Loco, beloved for its craveable, better-for-you fire-grilled chicken and bold flavors, is testing a thrilling new menu item that fans won’t want to miss. WHAT:The chefs at El Pollo Loco have outdone themselves with th ...

COSTA MESA, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (“El Pollo Loco”) (NASDAQ: LOCO) today announced that it will host a conference call to discuss its third quarter 2024 financial results on Thursday, October 31, 2024 at 4:30 PM Eastern Time. Hosting the call will be Liz Williams, Chief Executive Officer, and Ira Fils, Chief Financial Officer. A press release with third quarter 2024 financial results will be issued that same day, shortly after the market close. The conference ...

El Pollo Loco Holdings, Inc. (NASDAQ: LOCO ) stock has been a high-flier, up 56% this year and currently trading at its highest level since late 2021. The Mexican-style fast food concept known for its fire-grilled chicken has posted a series of better-than-expectedAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives ...

The U.S. restaurant industry has shown great resilience amid rising price pressure. Sales grew consistently at restaurants and drinking places in 2023 and this year has also been great so far. The Federal Reserve’s recent rate cut is likely to benefit the restaurant industry further as it will help lower the cost of both raw materials as well as allow consumers to spend more freely.Given this situation, it would be ideal to invest in restaurant stocks like Yum China Holdings, Inc. (YUMC) , El Pollo Loco Hol ...

The restaurant industry is showing promising signs of growth, buoyed by key developments in August sales. The recent Federal Reserve’s decision to lower interest rates for the first time in four years adds another layer of opportunity for investors.As inflation subsides and consumer habits evolve, the restaurant industry is entering a pivotal phase. Despite a challenging macroeconomic environment, the industry has demonstrated stability, enabling companies to meet and harness new demand. Resilience and adap ...

Core Viewpoint - El Pollo Loco Holdings, Inc. (LOCO) has demonstrated significant stock performance, increasing 62.5% over the past six months, outperforming both the industry and the S&P 500, indicating strong growth potential under new leadership [1] Stock Performance - LOCO's stock closed at $13.60, below its 52-week high of $14.25 but above its low of $8.11, showcasing a strong recovery [1] - The stock is trading above its 50-day moving averages, indicating robust upward momentum and market confidence [3] Sales and Growth Factors - The company reported a 4.5% increase in system-wide comparable restaurant sales in the fiscal second quarter, driven by its signature Fire-Grilled Chicken and value offerings [5] - Strategic cost-saving measures and new leadership appointments are expected to enhance operational efficiency and franchise growth, with a new prototype design aimed at reducing unit build costs to $1.8 million [5][6] Leadership and Strategic Initiatives - The new leadership under CEO Liz Williams is focused on modernizing the brand and improving unit-level margins, with expectations to achieve 18% restaurant contribution margins by 2025 [6] - The company has relaunched menu items and introduced new sauces at competitive prices, contributing to positive sales feedback [6] Earnings Estimates - Analysts have revised the Zacks Consensus Estimate for LOCO's earnings per share upward by 12.7% to 80 cents for the current fiscal year and by 14.1% to 89 cents for the next fiscal year [7] Valuation - LOCO is currently valued at a forward 12-month P/E ratio of 15.7, which is significantly lower than the industry average of 24.57 and the S&P 500's ratio of 21.45, indicating a potential investment opportunity [8] Conclusion - The combination of strategic leadership, cost-saving initiatives, menu innovations, and favorable earnings revisions positions LOCO as a compelling long-term growth opportunity at a discounted price [10]

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...