El Pollo Loco reports stellar Q3

Although it withdrew its initial public offering in October, El Pollo Loco continues to report in-depth results.

 

El Pollo Loco spokesperson Julie Weeks said the chain must file earnings "because we have publicly held bonds and must adhere to SEC regulations."

 

The fresh-Mex concept said systemwide same-store sales increased 3.8 percent in the third quarter ended Sept. 27, 2006. Company-operated restaurant comps increased 2.1 percent and franchise stores increased 5.2 percent.

 

Revenues were $66.3 million, which is an increase of $4.7 million, or 7.7 percent, over operating revenues last year. Operating revenues include sales at both company-operated stores and franchise revenues.

 

Net income was $0.5 million, which was a decrease of $1.6 million, or 74.7 percent, from the third quarter 2005 net income.