El Pollo Loco (LOCO) reported Q1 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $110.1 million versus the consensus estimate of $106.69 million.
GUIDANCE:
The company is providing the following expectations for 2022:
- The opening of three to six new company-owned restaurants and six to ten new franchised restaurants.
- Capital spend of $20.0 - $25.0 million
- Pro forma income tax rate of 26.5%.