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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 +0.61% 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 +1.16% 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 +0.47% is up 12.5% for the period.

/zigman2/quotes/203043086/composite
US : U.S.: Nasdaq
$ 14.89
+0.09 +0.61%
Volume: 80,278
Oct. 25, 2021 4:00p
P/E Ratio
19.18
Dividend Yield
N/A
Market Cap
$542.24 million
Rev. per Employee
$90,445
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/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 150.06
+1.72 +1.16%
Volume: 6.43M
Oct. 25, 2021 4:00p
P/E Ratio
42.29
Dividend Yield
1.47%
Market Cap
$413.65 billion
Rev. per Employee
$243,109
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/zigman2/quotes/210599714/realtime
US : S&P US
4,566.48
+21.58 +0.47%
Volume: 1.85B
Oct. 25, 2021 5:26p
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