$LOCO

El Pollo Loco Holdings, Inc.

CIK:0001606366|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2026	Jun. 25, 2025	Jul. 01, 2026	Jun. 25, 2025
Revenue
Total revenue	$ 129,572	$ 125,834	$ 255,754	$ 245,011
Cost of operations
Food and paper cost	27,466	25,496	53,855	50,235
Labor and related expenses	32,293	32,155	64,132	64,334
Occupancy and other operating expenses	27,315	26,741	54,645	52,414
Company restaurant expenses	87,074	84,392	172,632	166,983
General and administrative expenses	7,054	13,532	19,848	24,795
Franchise expenses	11,870	12,627	23,059	25,069
Depreciation and amortization	4,166	3,929	8,480	7,816
Loss on disposal of assets	516	43	612	54
Impairment and closed-store reserves	209	6	223	17
Total expenses	110,889	114,529	224,854	224,734
Income from operations	18,683	11,305	30,900	20,277
Interest expense, net	706	1,207	1,437	2,383
Income before provision for income taxes	17,977	10,098	29,463	17,894
Provision for income taxes	5,170	2,991	8,499	5,306
Net income	$ 12,807	$ 7,107	$ 20,964	$ 12,588
Net income per share
Basic (usd per share)	$ 0.43	$ 0.24	$ 0.71	$ 0.43
Diluted (usd per share)	$ 0.43	$ 0.24	$ 0.7	$ 0.43
Weighted-average shares used in computing net income per share
Basic (shares)	29,727,656	29,097,871	29,574,499	29,092,409
Diluted (shares)	30,093,260	29,272,394	29,882,457	29,314,443
Company-operated restaurant revenue
Revenue
Total revenue	$ 108,136	$ 104,318	$ 214,051	$ 202,683
Franchise revenue
Revenue
Total revenue	12,862	13,372	24,890	26,555
Franchise advertising fee revenue
Revenue
Total revenue	$ 8,574	$ 8,144	$ 16,813	$ 15,773

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2026	Jun. 25, 2025
Cash flows from operating activities:
Net income	$ 20,964	$ 12,588
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization	8,480	7,816
Stock-based compensation expense	2,866	2,747
Loss on disposal of assets	612	54
Impairment of property and equipment and ROU assets	200
Closed store reserves	23
Amortization of deferred financing costs	96	96
Deferred income taxes, net	2,723	(2,072)
Changes in operating assets and liabilities:
Accounts and other receivables	(2,147)	(2,523)
Inventories	77	210
Prepaid expenses and other current assets	468	1,840
Income taxes receivable/payable	(1,009)	(2,051)
Operating lease assets	10,041	9,651
Other assets	726	(257)
Accounts payable	3,262	3,895
Operating lease liabilities	(9,605)	(9,703)
Other accrued expenses and current liabilities	6,961	(3,419)
Net cash flows provided by operating activities	44,738	18,872
Cash flows from investing activities:
Purchase of property and equipment	(18,727)	(8,427)
Net cash flows used in investing activities	(18,727)	(8,427)
Cash flows from financing activities:
Proceeds from borrowings on revolver and swingline loans	5,000	8,000
Payments on revolver and swingline loan	(26,000)	(10,000)
Minimum tax withholdings related to net share settlements	(493)	(435)
Proceeds from issuance of common stock upon exercise of stock options, net of expenses	2,629	452
Payment of obligations under finance leases	(93)	(114)
Repurchases of common stock		(1,843)
Net cash flows used in financing activities	(18,957)	(3,940)
Increase in cash and cash equivalents	7,054	6,505
Cash and cash equivalents, beginning of period	6,228	2,484
Cash and cash equivalents, end of period	13,282	8,989
Supplemental cash flow information
Cash paid during the period for interest	1,287	2,316
Cash paid during the period for income taxes	6,785	9,921
Unpaid purchases of property and equipment	$ 3,898	$ 3,998

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 01, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 13,282	$ 6,228
Accounts and other receivables, net	13,357	11,210
Inventories	1,733	1,810
Prepaid expenses and other current assets	5,901	6,369
Total current assets	34,273	25,617
Property and equipment, net	99,650	97,043
Property and equipment held under finance lease, net	1,180	1,303
Operating lease right-of-use assets	166,963	167,972
Goodwill	248,674	248,674
Trademarks	61,888	61,888
Deferred tax assets	471	187
Other assets	5,688	3,964
Total assets	618,787	606,648
Current liabilities:
Current portion of obligations under finance leases	109	142
Current portion of obligations under operating leases	18,334	17,616
Accounts payable	18,823	15,668
Other accrued expenses and current liabilities	47,272	45,653
Total current liabilities	84,538	79,079
Revolver loan	30,000	51,000
Obligations under finance leases, net of current portion	1,335	1,436
Obligations under operating leases, net of current portion	169,624	170,812
Deferred tax liabilities, net	10,617	7,611
Other noncurrent liabilities	5,630	5,633
Total liabilities	301,744	315,571
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock, $0.01 par value, 100,000,000 shares authorized; 100,000 shares designated as Series A Preferred Stock; none issued or outstanding
Common stock, $0.01 par value, 200,000,000 shares authorized; 30,440,266 and 29,957,385 shares issued and outstanding as of July 1, 2026 and December 31, 2025, respectively	304	299
Additional paid-in-capital	252,221	247,224
Retained earnings	64,518	43,554
Total stockholders' equity	317,043	291,077
Total liabilities and stockholders' equity	$ 618,787	$ 606,648