NASDAQ$LOCO

El Pollo Loco Holdings Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

El Pollo Loco's Q2 2024 performance was solid, marked by revenue growth and improved company-operated store margins.

El Pollo Loco Holdings, Inc. reported a revenue increase to $122.2 million, with system-wide comparable restaurant sales increasing by 4.5%. The company's net income rose to $7.6 million, or $0.25 per diluted share, and company-operated store margins improved to 18.6%.

  • Total revenue increased to $122.2 million compared to $121.5 million.
  • System-wide comparable restaurant sales increased by 4.5%.
  • Income from operations increased to $12.3 million compared to $10.9 million.
  • Net income increased to $7.6 million, or $0.25 per diluted share, compared to $7.1 million, or $0.20 per diluted share.

Headline financials

Total Revenue

$122M

Previous: $121M+0.6%
EPS

$0.25

Previous: $0.23+8.7%
Company-operated comparable sales

3.4%

No prior period
Restaurant contribution margin

18.6%

Previous: 16.9%+10.1%
Adjusted EBITDA

$17.2M

No prior period
Capital Expenditures

-$10.7M

Previous: -$9.24M-15.7%
Free Cash Flow

-$3.05M

Previous: -$2.18M-40.0%
Net Income

$7.63M

Previous: $7.06M+8.2%
Operating Income

$12.3M

Previous: $10.9M+13.1%
Gross Profit

-$56.7M

Previous: -$59.4M+4.5%
Cash & Equivalents

$10.5M

Previous: $10.2M+2.8%
Total Assets

$594M

Previous: $597M-0.6%
Stock-Based Comp

$897K

Previous: $842K+6.5%

Revenue & EPS history

El Pollo Loco · Revenue · Quarterly

$122M

Q2 2024+0.6%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

El Pollo Loco · $121M total across 3 segments · Q2 2023

  • Company-operated restaurants
    $104M+55266389.4%
  • Franchise revenue
    $10.1M+0.5%
  • Franchise advertising fee revenue
    $7.47M-1.6%

Forward guidance

El Pollo Loco provided the following expectations for the remainder of 2024:

Tailwinds

  • The opening of two new company-owned restaurants.
  • The opening of four to five new franchised restaurants.
  • Capital spending between $24.0 – $26.0 million.
  • G&A expense between $45.0 and $47.0 million excluding one-time charges.
  • Adjusted income tax rate of 27.5 – 28.0%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-0.2%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+0.5%

Avg return

30 days after

48%

25 / 52 earnings

Positive

+27.8%

Q3 2019

Best reaction

-18.4%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.7%-2.7%+2.3%
Q4 2025+16.8%+27.8%+27.6%
Q3 2025+13.6%+17.4%+20.4%
Q1 2025-3.8%-5.8%+11.3%
Q4 2024-0.1%-1.1%-12.5%
Q3 2024-4.7%-3.9%+1.4%
Q2 2024-0.8%-2.2%+14.9%
Q1 2024+18.6%+21.0%+26.5%
Q4 2023-3.3%-4.2%+1.4%
Q3 2023+2.7%-1.6%+0.6%
Q2 2023+2.4%+5.9%-5.5%
Q1 2023-6.5%-8.0%-5.8%
Q4 2022-10.3%-6.8%-26.0%
Q3 2022+11.1%+11.3%+8.7%
Q2 2022-7.4%-7.3%-11.5%
Q1 2022+0.9%-2.8%-2.2%
Q4 2021-11.3%-14.7%-12.1%
Q3 2021+4.0%+2.1%-14.9%
Q2 2021+1.8%-1.0%-1.5%
Q1 2021+4.6%+3.4%+0.0%
Q4 2020-2.6%-4.2%-15.4%
Q3 2020-18.4%-15.1%-8.6%
Q2 2020+16.0%+1.2%+7.3%
Q1 2020+10.3%+0.7%+12.1%
Q4 2019-12.4%-21.2%-41.5%
Q3 2019+27.8%+29.6%+37.3%
Q2 2019+12.8%+11.8%+3.8%
Q1 2019-10.1%-12.5%-20.1%
Q4 2018-16.2%-13.8%-15.2%
Q3 2018+23.3%+31.7%+22.1%
Q2 2018+0.0%-0.4%+4.4%
Q1 2018+6.6%+6.1%+8.7%
Q4 2017+7.3%+10.9%-0.5%
Q3 2017-13.7%-15.0%-8.8%
Q2 2017-8.7%-9.1%-13.2%
Q1 2017+12.1%+12.5%+10.9%
Q4 2016-6.4%-7.6%+4.2%
Q3 2016-9.6%-10.8%+4.6%
Q2 2016+2.7%+3.2%+4.3%
Q1 2016-16.9%
Q4 2015-6.8%
Q3 2015-15.6%
Q2 2015-18.4%
Q1 2014-16.5%
Q1 2015-12.5%
Q4 2012-0.7%
Q4 2014+15.5%
Q3 2013-1.9%
Q3 2014+0.7%
Q2 2013+2.1%
Q4 2013+2.1%
Q2 2014+5.4%
Q1 2013

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