El Pollo Loco Slumps As Revenue Falls Short; Trims Full-year EPS Range

By MarketWatch Pulse

El Pollo Loco Holdings Inc. sank in Thursday's extended session after the Mexican-themed fastfood chain posted quarterly revenue below expectations and trimmed its earnings range for the full year. El Pollo Loco reported its third-quarter earnings fell to $4.7 million, or 12 cents a share, from $25.8 million, or 70 cents a share, a year ago. On an adjusted basis, the company, whose name means "the crazy chicken" in Spanish, earned 18 cents a share, ahead of the 15 cents a share forecast by analysts in a FactSet survey. Revenue increased to $88.9 million from $86.6 million but missed analysts' projection of $90.4 million. El Pollo Loco revised down the top end of its 2015 adjusted EPS range and now expects earnings in a range of 67 cents a share to 69 cents a share compared with its previous outlook of 67 cents a share to 71 cents a share. Shares of El Pollo Loco skidded 4.5% in after-hours trading.

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