Earnings Call Summary | El Pollo Loco(LOCO.US) Q1 2024 Earnings Conference
Earnings Call Summary | El Pollo Loco(LOCO.US) Q1 2024 Earnings Conference
The following is a summary of the El Pollo Loco Holdings, Inc. (LOCO) Q1 2024 Earnings Call Transcript:
以下是 El Pollo Loco Holdings, Inc. (LOCO) 2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
El Pollo Loco reported a total revenue increase of 1.4% to $116.2 million in Q1 2024, compared to $114.5 million in Q1 2023.
Company-operated restaurant revenue saw a decline of 0.7% while franchise revenue rose by 17.3% due to increased sales and franchise restaurant openings.
For Q1 2024, the restaurant contribution margin was 17.6%, an improvement from the 15% in Q1 2023.
General and administrative expenses increased by 50 basis points year-on-year, amounting to 10.3% of total revenue.
The GAAP net income for Q1 2024 was $5.9 million, or $0.19 per diluted share, a boost from $4.9 million or $0.13 per diluted share in Q1 2023.
El Pollo Loco報告稱，2024年第一季度的總收入增長了1.4％，達到1.162億美元，而2023年第一季度爲1.145億美元。
由於銷售額增加和特許經營餐廳開業，公司經營的餐廳收入下降了0.7％，而特許經營收入增長了17.3％。
2024年第一季度，餐廳的貢獻率爲17.6％，較2023年第一季度的15％有所改善。
一般和管理費用同比增長50個點子，佔總收入的10.3％。
2024年第一季度的GAAP淨收益爲590萬美元，攤薄每股收益爲0.19美元，高於2023年第一季度的490萬美元或攤薄每股收益0.13美元。
Business Progress:
業務進展：
New CEO Liz Williams revealed a five-pillar strategic plan that includes a winning brand, hospitality mindset, digital first approach, improved unit economics, and unit growth.
As part of its digital strategy, consumer-facing technology investments are ongoing, with plans to roll out kiosks in all company-owned restaurants by summer 2024.
El Pollo Loco is undertaking efforts to reduce build costs for their restaurant prototype to improve growth and margins.
Increased support has been offered to franchise operators with the launch of new development incentives.
In order to cater to diverse consumer preferences, the company is using its varied menu by offering both value meals and premium items.
El Pollo Loco is making strides in development, with the first step being reduction of unit costs. More details are expected to be shared in upcoming disclosures.
The company has acknowledged the need to compete in promotional activities and is also working on providing everyday value across their menu, especially aiming at the sub-$10 price range products.
新任首席執行官利茲·威廉姆斯透露了一項五大支柱戰略計劃，其中包括成功的品牌、酒店業思維、數字優先方法、改善的單位經濟和單位增長。
作爲其數字戰略的一部分，面向消費者的技術投資正在進行中，並計劃到2024年夏季在所有公司擁有的餐廳推出售貨亭。
El Pollo Loco正在努力降低其餐廳原型的建設成本，以提高增長和利潤率。
隨着新的發展激勵措施的推出，爲特許經營者提供了更多的支持。
爲了迎合不同的消費者偏好，該公司正在使用其多樣化的菜單，提供超值餐食和優質食品。
El Pollo Loco在開發方面取得了長足的進步，第一步是降低單位成本。預計將在即將發佈的披露中分享更多細節。
該公司已經承認有必要在促銷活動中競爭，並且還在努力提供日常菜單上的價值，特別是針對價格在10美元以下的產品。
More details: El Pollo Loco IR
更多詳情： El Pollo Loco IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。