El Pollo Loco Reports Q1 2024 Financial Results

May 3, 2024

DENVER, Colo., May 03, 2024 (247marketnews.com)- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) reported its first quarter financial results.

Its total revenue grew to $116.2 million compared to $114.5 million, for the first quarter of 2023, as system-wide comparable restaurant sales increased by 5.1%, and adjusted EBITDA grew to $15.7 million, compared to $12.2 million for the first quarter of 2023.

El Pollo Loco’s CEO, Liz Williams, commented, “The strength of the El Pollo Loco brand centers around our signature product – fire-grilled, citrus-marinated chicken that is prepared fresh daily for our customers. Since starting as CEO almost two months ago, I have been impressed with the brand’s beloved status among customers and our long-term potential for growth. With our unique positioning at the intersection of the Chicken and Mexican categories, I believe that we can take El Pollo Loco to another level. To that end, I have focused our organization around five strategic pillars: Brand that Wins, Hospitality Mindset, Digital First, Winning Unit Economics, and New Unit Growth, all of which are designed with one goal in mind – to get the right building blocks in place for future success. El Pollo Loco should be and will be a national brand, and I believe we have the right strategy in place to achieve our immense potential.”

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