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El Pollo Loco slumps on soft guidance

Mar. 08, 2019 10:42 AM ETEl Pollo Loco Holdings, Inc. (LOCO) StockBy: Clark Schultz, SA News Editor
  • El Pollo Loco (NASDAQ:LOCO -13%) falls after the restaurant company' proforma EPS guidance for 2019 came in short of expectations ($0.70 to $0.75 vs. $0.80 consensus).
  • Systemwide comparables sales were up 4.4% in Q4 and restaurant margin was 18.7% of sales vs. 18.5% a year ago.
  • Guggenheim reeled in its high-flying price target on LOCO to $17 after sizing up the report.
  • Previously: El Pollo Loco beats by $0.02, beats on revenue (March 7)

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