El Pollo Loco: Q2 Earnings Snapshot
COSTA MESA, Calif. (AP) — COSTA MESA, Calif. (AP) — El Pollo Loco Holdings Inc. (LOCO) on Thursday reported second-quarter net income of $7.1 million.
On a per-share basis, the Costa Mesa, California-based company said it had net income of 20 cents. Earnings, adjusted for non-recurring costs, came to 23 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The Tex-Mex fast food chain posted revenue of $121.5 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $124.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOCO at https://www.zacks.com/ap/LOCO
