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March 5, 2020, 4:45 p.m. EST

El Pollo Loco stock rallies after fast-food chain swings to Q4 profit

Shares of El Pollo Loco Holdings Inc. (NAS:LOCO) rallied 9% in the extended session Thursday after the fast-food chain swung to a quarterly GAAP profit and its sales were above expectations. El Pollo Loco said it earned $3.5 million, or 10 cents a share, in the fourth quarter, versus a loss of $23.4 million, or $60 cents a share, in the prior-year period. Adjusted for one-time items, the company earned 18 cents a share in the quarter, compared with 16 cents a share a year ago. Revenue rose to $107.5 million from $106.3 million a year ago, the company said. Analysts polled by FactSet had expected El Pollo Loco to report a GAAP and adjusted profit of 16 cents a share on sales of $106 million. The company guided for 2020 adjusted EPS between 75 cents and 80 cents; the analysts surveyed by FactSet expect earnings around 73 cents a share.

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