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EL POLLO LOCO HOLDINGS, INC.

(LOCO)
  Report
Delayed Nasdaq  -  04:00:01 2023-02-03 pm EST
12.73 USD   +0.63%
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El Pollo Loco signs Kansas City deal

11/17/2022 | 12:41pm EST

Los Angeles-based El Pollo Loco Inc. has signed an eight-unit franchise agreement with EPL Missouri LLC to develop the brand throughout the Kansas City area, as well as other parts of Kansas and Missouri over the next 10 years

"We are thrilled to partner with EPL Missouri LLC to expand our reach into Kansas and Missouri," El Pollo Loco CEO Larry Roberts said in a company press release. "We are building on the momentum of our core business and firmly establishing the foundation for successful growth. We continue to see interest from both existing and new franchisees to bring El Pollo Loco to new markets and look forward to working with them as we look to expand across the U.S.".

Kansas and Missouri are untapped markets for El Pollo Loco, said Shawn Choudry, a partner at EPL, which has a leadership team with over 50 years of combined retail experience in the restaurant, grocery, liquor and gas station spaces.

"The brand is iconic and the menu is different and better than typical fast food," Choudry said in the release. "This is certainly a place that has the right recipe for success."

The restaurants will introduce El Pollo Loco's new prototype design, launched last year to better meet the demands of the company's off-premise business. It features a dining room that potentially opens to a patio area, digital menu boards, drive-thrus and "Pollo To-Go" cubbies for mobile to-go and delivery orders. Each restaurant will occupy approximately 2,400 square feet and employ as many as 50 people.

Los Angeles-based El Pollo Loco has nearly 500 locations and is looking to expand its national footprint over the next several years, focusing on the Northwest, Southwest and Midwest.

Copyright © 2022 Networld Media. All rights reserved., source Industry News

All news about EL POLLO LOCO HOLDINGS, INC.
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Analyst Recommendations on EL POLLO LOCO HOLDINGS, INC.
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Financials (USD)
Sales 2022 469 M - -
Net income 2022 18,9 M - -
Net Debt 2022 - - -
P/E ratio 2022 24,2x
Yield 2022 -
Capitalization 472 M 472 M -
Capi. / Sales 2022 1,00x
Capi. / Sales 2023 0,97x
Nbr of Employees 4 626
Free-Float 53,2%
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Technical analysis trends EL POLLO LOCO HOLDINGS, INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 12,73 $
Average target price 12,17 $
Spread / Average Target -4,43%
EPS Revisions
Managers and Directors
Laurance Roberts President, Chief Executive Officer & Director
Ira M. Fils Chief Financial Officer & Executive Vice President
Michael Gerard Maselli Chairman
Maria Hollandsworth Chief Operating Officer & Senior Vice President
John M. Roth Independent Director
Sector and Competitors