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June 17, 2021, 3:27 p.m. EDT

El Pollo Loco testing drone delivery in southern California

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By Tonya Garcia

El Pollo Loco Holdings Inc. /zigman2/quotes/203043086/composite LOCO -0.41% said Thursday that it has partnered with Flytrex to test drone delivery service in southern California. Flytrex has drones that travel at 32 miles per hour and can provide "door-to-backyard" delivery by lowering orders from 80 feet. Air Loco drone delivery will be available to select loyalty members. Walmart Inc. /zigman2/quotes/207374728/composite WMT +0.56% announced on Thursday that it has invested in a drone company in order to scale up the use of the machines for delivery service. El Pollo Loco stock has fallen 7.8% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.05% is up 12.5% for the period.

/zigman2/quotes/203043086/composite
US : U.S.: Nasdaq
$ 12.22
-0.05 -0.41%
Volume: 241,900
Feb. 1, 2023 4:00p
P/E Ratio
21.79
Dividend Yield
0.00%
Market Cap
$454.59 million
Rev. per Employee
$100,085
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/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 144.67
+0.80 +0.56%
Volume: 4.28M
Feb. 1, 2023 4:00p
P/E Ratio
44.71
Dividend Yield
1.55%
Market Cap
$387.99 billion
Rev. per Employee
$260,918
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/zigman2/quotes/210599714/realtime
US : S&P US
4,119.21
+42.61 +1.05%
Volume: 0.00
Feb. 1, 2023 4:53p
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