El Pollo Loco Files 2023 10-K, Reports $370M Revenue
Ticker: LOCO · Form: 10-K · Filed: 2024-03-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, financials, stock-repurchase, related-party
TL;DR
LOCO 2023 10-K is in: $370M revenue, stock buybacks, related party deals. Check it.
AI Summary
El Pollo Loco Holdings, Inc. filed its 2023 10-K on March 8, 2024, reporting its fiscal year ended December 27, 2023. The company's revenue from contracts with customers was $370.08 million. Key financial events include a stock repurchase agreement entered into on August 7, 2023, and a related party transaction with FsEquityPartnersVL.p.AndFsAffiliatesVL.pMember on November 29, 2023.
Why It Matters
This filing provides a comprehensive overview of El Pollo Loco's financial performance and strategic activities for the 2023 fiscal year, impacting investor understanding of the company's health and future prospects.
Risk Assessment
Risk Level: medium — The filing details financial performance, including revenue and stock repurchases, which are standard for a public company, but the presence of related party transactions warrants closer investor scrutiny.
Key Numbers
- $370.08M — Revenue (Total revenue from contracts with customers for the fiscal year ended December 27, 2023.)
- $31.35M — Revenue (Total revenue from contracts with customers for the fiscal year ended December 28, 2022.)
- $350K — Restructuring Costs (Restructuring costs and asset impairment charges for the fiscal year ended December 27, 2023.)
Key Players & Entities
- El Pollo Loco Holdings, Inc. (company) — Filer of the 10-K report
- 2023-12-27 (date) — Fiscal year end
- 2024-03-08 (date) — Filing date of the 10-K
- $370.08 million (dollar_amount) — Revenue from contracts with customers for FY 2023
- 2023-08-07 (date) — Date of stock repurchase agreement
- FsEquityPartnersVL.p.AndFsAffiliatesVL.pMember (company) — Related party in a transaction on 2023-11-29
- 2023-11-29 (date) — Date of related party transaction
FAQ
What was El Pollo Loco's total revenue for the fiscal year ended December 27, 2023?
El Pollo Loco reported revenue from contracts with customers of $370.08 million for the fiscal year ended December 27, 2023.
When did El Pollo Loco enter into a stock repurchase agreement?
El Pollo Loco entered into a stock repurchase agreement on August 7, 2023.
What was the amount of restructuring costs and asset impairment charges for the fiscal year 2023?
The company reported $350,000 in restructuring costs and asset impairment charges for the fiscal year ended December 27, 2023.
Who was involved in a related party transaction on November 29, 2023?
The filing indicates a related party transaction involving loco:FsEquityPartnersVL.p.AndFsAffiliatesVL.pMember on November 29, 2023.
What is the company's Standard Industrial Classification (SIC) code?
El Pollo Loco Holdings, Inc. is classified under RETAIL-EATING PLACES with SIC code 5812.
From the Filing
0001606366-24-000013.txt : 20240308 0001606366-24-000013.hdr.sgml : 20240308 20240308172739 ACCESSION NUMBER: 0001606366-24-000013 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 113 CONFORMED PERIOD OF REPORT: 20231227 FILED AS OF DATE: 20240308 DATE AS OF CHANGE: 20240308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: El Pollo Loco Holdings, Inc. CENTRAL INDEX KEY: 0001606366 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 203563182 STATE OF INCORPORATION: DE FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36556 FILM NUMBER: 24735701 BUSINESS ADDRESS: STREET 1: 3535 HARBOR BOULEVARD STREET 2: SUITE 100 CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 7145995000 MAIL ADDRESS: STREET 1: 3535 HARBOR BOULEVARD STREET 2: SUITE 100 CITY: COSTA MESA STATE: CA ZIP: 92626 10-K 1 loco-20231227x10k.htm 10-K 0001606366 --12-27 2023 FY false true 0 0 http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerIncludingAssessedTax http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerIncludingAssessedTax http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerIncludingAssessedTax 37008061 31353223 350000 http://fasb.org/us-gaap/2023#RestructuringCostsAndAssetImpairmentCharges P5Y P20Y P1Y P1Y P1Y P1Y P1Y 0.001 0.001 0001606366 srt:MaximumMember 2021-12-30 2022-12-28 0001606366 loco:FsEquityPartnersVL.p.AndFsAffiliatesVL.pMember 2023-11-29 0001606366 loco:StockRepurchaseAgreement2023Member 2023-08-07 0001606366 2023-11-02 0001606366 2022-10-11 0001606366 loco:FsEquityPartnersVL.p.AndFsAffiliatesVL.pMember 2023-11-29 2023-11-29 0001606366 loco:StockRepurchaseAgreement2023Member 2023-08-07 2023-08-07 0001606366 loco:FsEquityPartnersVL.p.AndFsAffiliatesVL.pMember us-gaap:RelatedPartyMember 2023-11-29 2023-11-29 0001606366 loco:StockRepurchasePlan2022Member 2022-12-29 2023-12-27 0001606366 us-gaap:RetainedEarningsMember 2023-12-27 0001606366 us-gaap:AdditionalPaidInCapitalMember 2023-12-27 0001606366 us-gaap:RetainedEarningsMember 2022-12-28 0001606366 us-gaap:AdditionalPaidInCapitalMember 2022-12-28 0001606366 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-28 0001606366 us-gaap:RetainedEarningsMember 2021-12-29 0001606366 us-gaap:AdditionalPaidInCapitalMember 2021-12-29 0001606366 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-29 0001606366 us-gaap:RetainedEarningsMember 2020-12-30 0001606366 us-gaap:AdditionalPaidInCapitalMember 2020-12-30 0001606366 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-30 0001606366 us-gaap:CommonStockMember 2023-12-27 0001606366 us-gaap:CommonStockMember 2022-12-28 0001606366 us-gaap:CommonStockMember 2021-12-29 0001606366 us-gaap:CommonStockMember 2020-12-30 0001606366 loco:PremiumOptionsMember 2023-12-27 0001606366 loco:OmnibusEquityIncentivePlan2018Member 2021-06-08 0001606366 us-gaap:EmployeeStockOptionMember 2022-12-29 2023-12-27 0001606366 us-gaap:EmployeeStockOptionMember 2021-12-30 2022-12-28 0001606366 us-gaap:RestrictedStockMember 2021-12-30 2022-12-28 0001606366 us-gaap:RestrictedStockMember us-gaap:ShareBasedPaymentArrangementNonemployeeMember 2022-12-29 2023-12-27 0001606366 us-gaap:RestrictedStockMember us-gaap:ShareBasedPaymentArrangementEmployeeMember 2022-12-29 2023-12-27 0001606366 loco:ExercisePriceTwoMember 2022-12-29 2023-12-27 0001606366 loco:LoyaltyRewardProgramMember 2024-12-26 2023-12-27 0001606366 us-gaap:FranchiseMember 2029-12-27 2023-12-27 0001606366 us-gaap:FranchiseMember 2028-12-28 2023-12-27 0001606366 us-gaap:FranchiseMember 2026-12-31 2023-12-27 0001606366 us-gaap:FranchiseMember 2026-01-01 2023-12-27 0001606366 us-gaap:FranchiseMember 2024-12-26 2023-12-27 0001606366 us-gaap:FranchiseMember 2027-12-30 2023-12-27 0001606366 loco:HardwareServicesMember 2023-12-27 0001606366 us-gaap:ServiceMember us-gaap:NonCoreMember 2022-12-29 2023-12-27 0001606366 us-gaap:ServiceMember us-gaap:CoreMember 2022-12-29 2023-12-27 0001606