El Pollo Loco Holdings, Inc.
No enriched coverage for $LOCO in the last 7 days.
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El Pollo Loco has introduced chicken tenders, called "Loco Tenders," to its menu for a limited time. Available in classic and spicy options, these tenders are offered in two-, three-, or four-piece meals and come with a choice of Pollo Loco Sauce, Baja Lime sauce, or House Ranch. This new menu item showcases the Costa Mesa-based brand's expansion beyond its traditional fire-grilled chicken.
El Pollo Loco (LOCO) is set to report its Q4 results this Thursday after market hours. The company missed revenue expectations last quarter but beat EBITDA estimates, and analysts are forecasting 8.5% year-on-year revenue growth for the upcoming report. While some peers have shown mixed results, El Pollo Loco's stock is up 3.3% in the last month, heading into earnings with an average analyst price target higher than its current share price.
El Pollo Loco is focusing on attracting younger and budget-conscious customers through value platforms, including special promotions like Overstuffed Quesadillas and $5 bowls. The company is actively testing new menu items, particularly those with shredded beef, and plans to launch a revamped loyalty program and smartphone app. Additionally, El Pollo Loco is investing in restaurant remodels and enhancing staff training and cost management to improve operations and drive sales.
