El Pollo Loco Q2 Profit Meets Estimate; Revenue Beats

(RTTNews) - El Pollo Loco Holdings, Inc. (LOCO) reported net income for the second quarter of $6.6 million or $0.21 per share, compared to $410,000 or $0.01 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $6.1 million or $0.16 per share, compared to $5.5 million or $0.15 per share in the prior year quarter.

Total revenue for the second quarter rose 6.3% to $86.90 million from $81.73 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.16 per share on revenue of $86.44 million for the second quarter. Analysts' estimates typically exclude special items.

On July 30, El Pollo Loco completed its initial public offering at $15.00 per share. The company sold a total of 8,214,286 shares of common stock, including 1,071,429 shares sold pursuant to the full exercise of the underwriters' option to purchase additional shares.