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0 0 0 0.0101867572156197 -0.00113186191284661 -0.0124504810413131 -0.00113186191284661 0.0101867572156197
Stock impact report

El Pollo Loco Holdings, Inc. Announces Second Quarter 2020 Financial Results

El Pollo Loco Holdings, Inc. (LOCO) 
Last el pollo loco holdings, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.elpolloloco.com/investor-relations
Company Research Source: GlobeNewswire
COSTA MESA, Calif., July 30, 2020 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended June 24, 2020 and provided a business update on the impact of the COVID-19 pandemic. Highlights for the second quarter ended June 24, 2020, compared to the second quarter ended June 26, 2019 were as follows: Total revenue was $99.6 million compared to $113.7 million.System-wide comparable restaurant sales decreased 9.7%, including an 8.5% decrease for company-operated restaurants, and a 10.6% decrease for franchised restaurants.Net income was $5.5 million, or $0.16 per diluted share, compared to net income of $14.1 million, or $0.37 per diluted share in the prior year period. During the second quarter of 2020, the Company recognized a $2.5 million expense related to an agreement in principle to resolve the longstanding lawsuit involving a contract dispute with one of the Company’s franchisees concerning asserted territory Show less Read more
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