Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
28 February, 2024 17:51 IST
El Pollo Loco Holdings first-quarter earnings decline by 10.40 percent on a YOY basis
Source: IRIS | 05 Jun, 2017, 05.49PM

Powered by IRIS XBRL Data
Rating: NAN / 5 stars.
Comments  |  Post Comment

 

El Pollo Loco Holdings, Inc. (LOCO) has reported a 10.40 percent fall in profit for the quarter ended Mar. 29, 2017. The company has earned $4.88 million, or $0.12 a share in the quarter, compared with $5.44 million, or $0.14 a share for the same period last year.      

Revenue during the quarter grew 5.74 percent to $99.77 million from $94.35 million in the previous year period. Gross margin for the quarter expanded 47 basis points over the previous year period to 45.15 percent. Total expenses were 90.62 percent of quarterly revenues, up from 89.09 percent for the same period last year. That has resulted in a contraction of 153 basis points in operating margin to 9.38 percent.

Operating income for the quarter was $9.36 million, compared with $10.29 million in the previous year period.

Adjusted EBITDA for the quarter was almost stable at $15.98 million, when compared with the prior year period. At the same time, adjusted EBITDA margin contracted 98 basis points in the quarter to 16.02 percent from 17 percent in the last year period.

Steve Sather, president and chief executive officer of El Pollo Loco Holdings, Inc., stated, “While we are not satisfied with our sales performance, we are pleased with the progress we’ve made since the end of February in the face of industry headwinds. We believe that our strategy of highlighting our differentiated product and authentic brand, while enhancing our strong value equation, will create both top and bottom line growth. Drivers such as our new advertising campaign, technology initiatives focused on convenience and loyalty, and our focus on reinforcing the value proposition of our family meals, are all aimed at generating traffic and strengthening our brand.”

For financial year 2017, the company forecasts diluted earnings per share to be in the range of $0.65 to $0.69.

Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]



 Post Comment
Name Email
Comment
Security Code type    into this box
US Equities
Innodata Isogen swings to first-quarter loss on a YOY basis - 10-Jul-2017 03:29
Echelon Corp first-quarter loss widens on a YOY basis - 09-Jul-2017 20:32
Diversicare Healthcare Services swings to first-quarter profit on a YOY basis - 09-Jul-2017 19:51
Dextera Surgical third-quarter loss widens on a YOY basis - 09-Jul-2017 18:20
Open Text Corp third-quarter earnings plunge by 68.72 percent on a YOY basis - 09-Jul-2017 15:17
NAPCO Security Technologies third-quarter earnings decline by 12.19 percent on a YOY basis - 09-Jul-2017 14:31
Patriot National Bancorp first-quarter profit jumps 165.75 percent on a YOY basis - 09-Jul-2017 13:29
Patriot National Bancorp first-quarter profit jumps 165.75 percent on a YOY basis - 09-Jul-2017 13:29
Alaska Communications Systems Group swings to first-quarter loss on a YOY basis - 09-Jul-2017 12:00
Delcath Systems first-quarter loss widens on a YOY basis - 08-Jul-2017 18:33
Edgewater Technology first-quarter loss widens on a YOY basis - 08-Jul-2017 16:21
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer