LOCO - El Pollo Loco Non-GAAP EPS of $0.14 beats by $0.03 revenue of $114.5M beats by $1.08M
2023-05-04 16:44:41 ET
- El Pollo Loco press release ( NASDAQ: LOCO ): Q1 Non-GAAP EPS of $0.14 beats by $0.03 .
- Revenue of $114.5M (+4.0% Y/Y) beats by $1.08M .
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2023 Outlook
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The Company is providing the following expectations for 2023:
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The opening of three to five new company-owned restaurants and six to nine new franchised restaurants.
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Capital spend of $25.0 - $29.0 million.
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G&A expense between $42.0 and $45.0 million, inclusive of one-time costs of approximately $1.4 million primarily related to the reorganization and recent share distribution.
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Adjusted income tax rate of 26.5 – 27.5 %.
For further details see:
El Pollo Loco Non-GAAP EPS of $0.14 beats by $0.03, revenue of $114.5M beats by $1.08M