El Pollo Loco (LOCO) reported Q2 EPS of $0.21, $0.02 better than the analyst estimate of $0.19. Revenue for the quarter came in at $124.1 million versus the consensus estimate of $125.22 million.
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%.