NASDAQ$LOCO

El Pollo Loco Holdings Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced financial results, demonstrating revenue growth and comparable restaurant sales increase.

El Pollo Loco Holdings, Inc. reported a revenue of $115.7 million, a system-wide comparable restaurant sales increase of 9.3%, and a net income of $10.2 million for the third quarter of 2021.

  • Total revenue was $115.7 million compared to $111.0 million.
  • System-wide comparable restaurant sales increased 9.3%.
  • Income from operations was $14.2 million compared to $12.2 million.
  • Net income was $10.2 million, or $0.28 per diluted share, compared to net income of $9.9 million, or $0.28 per diluted share.

Headline financials

Total Revenue

$116M

Previous: $111M+4.3%
EPS (adj)

$0.27

Previous: $0.28-3.6%
System-wide comparable sales

9.3%

No prior period
Restaurant contribution margin

20.4%

No prior period
Capital Expenditures

-$12.7M

Previous: -$4.35M-192.0%
Free Cash Flow

-$2.54M

Previous: $5.57M-145.6%
Net Income

$10.2M

Previous: $9.92M+2.4%
Operating Income

$14.2M

Previous: $12.2M+16.8%
Gross Profit

-$53.5M

Previous: -$52.9M-1.1%
Cash & Equivalents

$24.7M

Previous: $29.5M-16.5%
Total Assets

$604M

Previous: $622M-2.8%
Stock-Based Comp

$1.04M

Previous: $909K+14.6%

Revenue & EPS history

El Pollo Loco · Revenue · Quarterly

$116M

Q3 2021+4.3%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

El Pollo Loco · $15.7M total across 2 segments · Q3 2021

  • Franchise revenue
    $8.92M+14.6%
  • Franchise advertising fee revenue
    $6.8M

Forward guidance

Due to the uncertainty surrounding the COVID-19 pandemic, the company is not yet providing a financial outlook for the year ending December 29, 2021, but is updating expectations for accelerating costs and development delays.

Headwinds

  • Accelerating commodity and labor costs will further pressure margins in the fourth quarter of 2021 relative to the third quarter of 2021.
  • Due to permitting and equipment delivery delays, we are lowering our 2021 development expectations to two to three company-owned and one to three franchise new restaurant openings versus our previous guidance of three to five new company-owned restaurants and four to six new franchised restaurants.
  • Pro forma income tax rate of 26.5%.

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 Q3 2021

Historical avgQ3 2021

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro