COSTA MESA, Calif. (AP) — El Pollo Loco Holdings Inc. (LOCO) on Thursday reported a fourth-quarter loss of $38,000, after reporting a profit in the same period a year earlier.
On a per-share basis, the Costa Mesa, California-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, came to 11 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The Tex-Mex fast food chain posted revenue of $95.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $95 million.
For the year, the company reported profit of $8.6 million, or 22 cents per share. Revenue was reported as $401.7 million.
El Pollo Loco expects full-year earnings in the range of 68 cents to 73 cents per share.
El Pollo Loco shares have decreased 2.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.65, a decline of 18 percent in the last 12 months.