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News

El Pollo Loco Sees FY24 Capital Spend Of $25M-$28M; G&A Expense Between $45M-$47M; Adjusted Income Tax Rate Of 27%ā€“28%.

Author: Benzinga Newsdesk | March 07, 2024 06:11pm

2024 Outlook

The Company is providing the following expectations for the remainder of 2024:

 ā—The opening of two new company-owned restaurants and five to seven new franchised restaurants.
 ā—Capital spend of $25.0 - $28.0 million.
 ā—G&A expense between $45.0 and $47.0 million.
 ā—Adjusted income tax rate of 27.0 ā€“ 28.0%.


 

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