EL POLLO LOCO Reports Q2 FY2023 Earnings with Total Revenue of USD 121.5 Million and Net Income of USD 7.1 Million
August 27, 2023
🌥️Earnings Overview
For the second quarter of FY2023, ending on June 30 2023, EL POLLO LOCO ($NASDAQ:LOCO) reported total revenue of USD 121.5 million, a decline of 2.1% compared to the same quarter in the year prior. Net income was USD 7.1 million, down 1.1% from the corresponding quarter in the preceding year.
Price History
EL POLLO LOCO recently reported strong financial results for the second quarter of FY2023. The news sent EL POLLO LOCO’s stock price soaring on Friday. The stock opened at $10.1 and closed at $10.4, representing a 3.1% increase from the previous closing price of $10.1. Investors were impressed by the company’s performance, with many expecting the stock to continue to rise in the coming weeks and months. EL POLLO LOCO’s growth is largely attributed to its strategic expansion into new markets and its focus on customer satisfaction.
The company has invested heavily in technology and marketing to boost its presence and attract more customers. As a result, it has seen a steady rise in sales and profits over the past few quarters. Overall, EL POLLO LOCO’s second quarter results have been well-received by investors and analysts alike, and the stock is expected to continue to build on its positive momentum in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LOCO. More…
| Total Revenues | Net Income | Net Margin |
| 471.82 | 23.52 | 4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LOCO. More…
| Operations | Investing | Financing |
| 48.52 | -18.98 | -53.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LOCO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 597.16 | 320.2 | 7.77 |
Key Ratios Snapshot
Some of the financial key ratios for LOCO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.6% | -1.1% | 7.4% |
| FCF Margin | ROE | ROA |
| 6.0% | 7.9% | 3.7% |
Analysis
GoodWhale conducted an analysis of EL POLLO LOCO’s wellbeing. According to Star Chart, EL POLLO LOCO is classified as ‘sloth’, a type of company that has achieved revenue or earnings growth slower than the overall economy. This may not be attractive to investors who prioritize growth, but EL POLLO LOCO is strong in dividends, profitability and medium in asset growth. Its high health score of 7/10 indicates a strong performance in terms of cashflows and debt, and that it is capable to pay off debt and fund future operations. This could be of interest to investors looking for a stable, low-risk investment option. More…
Peers
In the United States, the quick-service and fast-casual restaurant industry is highly competitive. The industry is fragmented, with the top 50 companies accounting for less than 30 percent of sales. The industry is driven by consumer spending, which is influenced by economic conditions, demographic trends, and consumer tastes. The industry is expected to grow at a rate of 2.5 percent in 2019. The competition between El Pollo Loco Holdings Inc and its competitors is intense. The company must continuously innovate and differentiate itself from its competitors to remain successful.
– Various Eateries PLC ($LSE:VARE)
Eateries PLC is a food and beverage company specializing in the production and distribution of quick service restaurant chains. The company operates in the United Kingdom, United States, Canada, and Australia. It has a market cap of 32.93M as of 2022 and a return on equity of -3.67%. The company has been in operation since 1968 and has since grown to become one of the largest food and beverage companies in the world.
– Granite City Food & Brewery Ltd ($OTCPK:GCFB)
Granite City Food & Brewery Ltd is a holding company that operates a chain of restaurants under the Granite City Food & Brewery brand name in the United States. As of December 31, 2020, it operated 31 restaurants in 13 states. The company was founded in 1999 and is headquartered in St. Cloud, Minnesota.
– Fiesta Restaurant Group Inc ($NASDAQ:FRGI)
Fiesta Restaurant Group Inc is a holding company that operates and franchises Pollo Tropical and Taco Cabana restaurant brands. As of December 31, 2018, the company owned and operated approximately 375 Pollo Tropical restaurants and 168 Taco Cabana restaurants. It also had approximately 30 franchised Pollo Tropical restaurants and four franchised Taco Cabana restaurants. The company was founded in 1972 and is headquartered in Addison, Texas.
Summary
EL POLLO LOCO has reported its Q2 FY2023 earnings results, with total revenue of USD 121.5 million, a decrease of 2.1% from the same quarter of the prior year. Net income was USD 7.1 million, a slight drop of 1.1% from the corresponding quarter in the prior year. Despite this slight downturn in earnings, the stock price moved up the same day, indicating optimism among investors.
This could be attributed to the company’s underlying strength in its core business, as well as its strong forward-looking strategy. Investors looking to invest in EL POLLO LOCO should consider the overall performance of the company, its competitive advantages, and the current macroeconomic conditions before making any decisions.
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