El Pollo Loco Reports Q1 Revenue of $126.2M
Reports Q1 revenue $126.2M, consensus $122.02M. System-wide comparable restaurant sales increased by 5.8%. "We are proud of our first quarter results, including systemwide same-store sales growth of 5.8% and restaurant-level margin expansion of 320 basis points year-over-year. This performance reflects strength across multiple fronts, from our innovation pipeline - highlighted by the success of our Baja Double Tostadas - to the operational progress we are seeing across every key metric - including customer service, accuracy, and speed of service. It is this broad-based strength that gives us the confidence to raise our comparable restaurant sales and Adjusted EBITDA guidance expectations for the full year," said Liz Williams, Chief Executive Officer of El Pollo Loco Holdings, Inc. "As we enter the third year of our brand transformation journey, our goal is to drive sustainable traffic growth across our system while maintaining the margin discipline and unit economic improvements we've accomplished to date, and to thoughtfully grow El Pollo Loco across the country."
