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Jan. 10, 2022, 8:50 a.m. EST

El Pollo Loco shares rise after sales update

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By Tonya Garcia

El Pollo Loco Holdings Inc. /zigman2/quotes/203043086/composite LOCO +1.74% shares rose 1.2% in Monday premarket trading after the chain said it expects fourth-quarter revenue of $108 million to $109 million, ahead of the FactSet consensus for $107.6 million. System-wide comparable sales are expected to grow 11.1%, also ahead of the FactSet consensus for 9.8% growth. "We are keenly focused on staffing and retention in our company-owned restaurants and believe we are making tangible progress, especially in those locations that have been most challenged," said Larry Roberts, interim chief executive and chief financial officer of El Pollo Loco. "We expect that these efforts, combined with enhanced training and simplified operations initiatives, will be significant sales drivers throughout 2022." The update came ahead of the company's appearance at this week's ICR Conference. El Pollo Loco stock has fallen 28.3% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +2.02% has gained 22.3%.

/zigman2/quotes/203043086/composite
US : U.S.: Nasdaq
$ 10.54
+0.18 +1.74%
Volume: 124,519
May 17, 2022 4:00p
P/E Ratio
14.09
Dividend Yield
N/A
Market Cap
$380.76 million
Rev. per Employee
$98,722
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/zigman2/quotes/210599714/realtime
US : S&P US
4,088.85
+80.84 +2.02%
Volume: 2.46B
May 17, 2022 4:54p
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