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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 +0.37% 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 -0.04% 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 +0.05% is up 12.5% for the period.

/zigman2/quotes/203043086/composite
US : U.S.: Nasdaq
$ 18.93
+0.07 +0.37%
Volume: 37,784
July 26, 2021 12:45p
P/E Ratio
27.41
Dividend Yield
N/A
Market Cap
$687.97 million
Rev. per Employee
$90,445
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/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 142.38
-0.05 -0.04%
Volume: 3.05M
July 26, 2021 12:51p
P/E Ratio
33.07
Dividend Yield
1.55%
Market Cap
$399.11 billion
Rev. per Employee
$243,109
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/zigman2/quotes/210599714/realtime
US : S&P US
4,414.14
+2.35 +0.05%
Volume: 876.02M
July 26, 2021 12:51p
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