El Pollo Loco (LOCO) delivered earnings and revenue surprises of 57.14% and 4.57%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Comprehensive Overview of Q1 2024 Financial Performance
Fast food chain El Pollo Loco (NASDAQ:LOCO) beat analysts' expectations in Q1 CY2024, with revenue up 1.4% year on year to $116.2 million. It made a non-GAAP profit of $0.22 per share, improving from its profit of $0.14 per share in the same quarter last year.