El Pollo Loco Sees FY24 Capital Spend Of $25M-$28M; G&A Expense Between $45M-$47M; Adjusted Income Tax Rate Of 27%–28%.
Portfolio Pulse from Benzinga Newsdesk
El Pollo Loco forecasts for FY24 include opening 2 new company-owned and 5-7 franchised restaurants, capital expenditure of $25M-$28M, G&A expenses of $45M-$47M, and an adjusted income tax rate of 27%-28%.

March 07, 2024 | 10:11 pm
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POSITIVE IMPACT
El Pollo Loco's FY24 outlook includes significant capital expenditure and expansion with new restaurants, alongside stable G&A expenses and tax rates.
The announcement of new company-owned and franchised restaurants indicates expansion and potential revenue growth, which is positive for investors. The detailed financial forecasts, including capital expenditure and G&A expenses, provide clarity and confidence in the company's management and fiscal discipline. The stable adjusted income tax rate further supports a predictable financial outlook. Overall, this news is likely to be viewed positively by investors, potentially leading to a short-term uptick in LOCO's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100