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El Pollo Loco comps rise, net falls
August 10, 2008
COSTA MESA, Calif. — EPL Intermediate Inc., parent company of El Pollo Loco Inc., has reported results for its 13-week second quarter and 26 weeks ended June 25, 2008.
Same-store sales for the system, including sales from both company-operated and franchised stores, increased 1.9 percent in the second quarter of fiscal 2008.
Operating revenues increased 9.6 percent, up to $76.4 million for the period compared to $69.7 million reported for the same period last year. Operating revenues include sales at both company-operated stores and franchise revenues.
The company experienced a net loss for the second quarter of $5.6 million, compared with net income of $1.4 million for the prior year quarter. Company officials said the loss was due to an expense of $10.7 million to settle litigation between El Pollo Loco Mexico, S. A. de C.V. ("EPL- Mexico") and El Pollo Loco Inc. in addition to increases in operating, payroll and other costs.
For the year
Same store sales for the system increased 1.8 percent for the 26-week period.
Revenues increased 8.1 percent to $147.6 million, up from operating revenues of $136.5 million reported for the same period last year.
The company reported a net loss of $6 million, compared with net income of $1.6 million for the 26 weeks ended June 30, 2007.
El Pollo Loco operates restaurants in 13 states: California, Arizona, Nevada, Texas, Colorado, Washington, Oregon, Utah, Illinois, Georgia, Virginia, Massachusetts and Connecticut.
There are 164 company-owned and 242 franchise-owned locations throughout the system.
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