LOCO - El Pollo Loco Non-GAAP EPS of $0.23 beats by $0.02 revenue of $121.49M misses by $3.07M
2023-08-03 17:08:15 ET
- El Pollo Loco press release ( NASDAQ: LOCO ): Q2 Non-GAAP EPS of $0.23 beats by $0.02 .
- Revenue of $121.49M (-2.1% Y/Y) misses by $3.07M .
- 2023 Outlook: The opening of two new company-owned restaurants and three to four new franchised restaurants.
- Capital spend of $22.0 - $25.0 million.
- G&A expense between $42.0 and $44.0 million, inclusive of one-time costs of approximately $1.4 million primarily related to the reorganization and recent share distribution.
- Adjusted income tax rate of 26.5 – 27.5%.
- Shares -2.78% AH.
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El Pollo Loco Non-GAAP EPS of $0.23 beats by $0.02, revenue of $121.49M misses by $3.07M