El Pollo Loco misses by $0.03, misses on revs; lowers FY17 guidance
- Reports Q3 (Sep) earnings of $0.15 per share, $0.03 worse than the Capital IQ Consensus of $0.18; revenues rose 5.6% year/year to $101.16 mln vs the $103.71 mln Capital IQ Consensus.
- System-wide comparable restaurant sales increased 1.7%, including a 0.9% increase for company-operated restaurants, and a 2.4% increase for franchised restaurants.
- Co lowers guidancefor FY17, sees EPS of $0.61-0.63 (Prior $0.64-0.67) vs. $0.67 Capital IQ Consensus Estimate; sees System-wide comparable restaurant sales growth of approximately 1.0% to 1.5% (Prior 1.0-2.0%)
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