COSTA MESA, Calif. (AP) — El Pollo Loco Holdings Inc. (LOCO) on Thursday reported second-quarter profit of $5.5 million.
On a per-share basis, the Costa Mesa, California-based company said it had net income of 16 cents. Earnings, adjusted for non-recurring costs, were 20 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The Tex-Mex fast food chain posted revenue of $99.6 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $96.6 million.
El Pollo Loco shares have increased 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.20, a climb of 74% in the last 12 months.