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As of March 26, 2014, they only had 401 restaurants (168 company owned, 233 franchised) in 5 states (California, Nevada, Texas, Utah, and Arizona). 352 stores (88%) are in California alone. So there's growth potential, which is what people buying the stock are hoping for.
Considering where stock price is at now ($34.56), they severely under priced their IPO. And since they're using proceeds to pay off debt ($288.8 million), it can be said that they screwed up and missed out on a lot of money to pay off debt. They sold 7,142,857 shares at $15, raising $107,142,855
If they sold the 7,142,857 shares at $20 instead, they would have raised $142,857,140 (an extra $35,714,285)
If they sold the 7,142,857 shares at $25, they would have raised $178,571,425 (an extra $71,428,570)
Positives (+) and negatives (-) ?
+ Plan to grow stores 8%-10% annually (they think they can grow to 2,300 stores nationwide)
+ Had positive store comps during past 11 quarters
+ Had profit of $5.470 million ($0.19 EPS) during 13 weeks ended March 26, 2014 vs loss of $60,000 during 13 weeks ended March 27, 2013 ($0.00 EPS)
- Store comps have been flat to declining YoY over the past 5 quarters
Q1 2014 vs Q1 2013: 7.2% vs 8.5%
Q4 2013 vs Q4 2012: 6.5% vs 8.6%
Q3 2013 vs Q3 2012: 3.7% vs 12%
Q2 2013 vs Q2 2012: 9.6% vs 9.5%
Q1 2013 vs Q1 2012: 8.5% vs 9.5%
Q4 2012 vs Q4 2011: 8.6% vs 6.2%
- Has $288.8 million in debt
- Slow store growth and zero expansion outside of core/existing markets
> Only opened 7 stores (5 franchised) in 2013
> Plans to only open up to 16 stores (8-10 company, 4-6 franchise) in 2014.... below 8%-10% store grow plan
> It's being said they're having a hard time find people willing to franchise
- Hasn't been profitable in past 7 years (straight)
2013: net losses of $16.873 million or -$0.59 EPS (80% of revenue in 2013 came from sales in Los Angeles area)
2012: net loss of $7.865 million or -$0.27 EPS
2011: net loss of $32.471 million or -$1.35 EPS
- Thinks its main competitor is Chipotle
- Tried to expand east in 2009 by opening 12 locations, all of which closed in 2012
- Chicken competitor PLKI (Popeye's) has much better sales and growth
- 79% of stock (28,557,989 shares) are held by 2 private equity firms; If/when they decide to sell...
Grilled chicken with Mexican sides. More healthy than Popeyes and KFC IMHO. We get it carry out. Might be worth a shot but retail food has been having problems making money.
- 2903 Lombardy Ln Dallas, TX 75220
- 1511 NW 28th St Fort Worth, TX 76164
New locations opening by end of year:
- 4528 Hwy. 6 South, Sugar Land, TX 77478 (opening in October)
- Highway 6 and West Road in Copperfield
- FM 1960 and Whitaker Road in Humble
- South Mason Road and Provincial Boulevard in Katy
- Kuykendahl and Springbrook Garden Lane
Chipotle is testing out its new Asian restaurant. I think chipotle is the restaurant stock to buy. If this new one kicks off like Chipotle did, the stock will for sure go up.
Chipotle is testing out its new Asian restaurant. I think chipotle is the restaurant stock to buy. If this new one kicks off like Chipotle did, the stock will for sure go up.
The few times i've been the flavor in the food is so bland.
I remember them being O.K in the past. Nothing to brag about but the last few times I been there, its been pretty tasty. They must of been adding something new. The salsa is also good.
- $0.21 EPS or $6.6 million vs estimates of $0.16 EPS
- revenue of $86.9 million (up 6% from $81.7 million year over year) vs estimates of $86.4 million
- 5.4% store comps, down from 9.6% a year ago and down from 7.2% in last quarter
- Reported Q4 GAAP earnings of $0.12 per share ($4.6 million) compared to a loss of $0.63 per share (loss of $18.1 million) a year ago.
- Non-GAAP earnings came in at $0.14. That beat estimates by 2 cents.
- Q4 revenue of $90.0 million compared to $76.2 million a year ago. That beat the $87.48 million revenue estimate.
- 7.6% comps (6.4% at company owned, 8.6% at franchised)
Might be worth a gamble if I can pick up some at around $21-$22
After Hours : $25.26 - Down $3.80 (13.08%)
Q1 numbers
- profit of $6.8 million... up from $5.4 million a year ago
- non-GAAP EPS of 18 cents a share (up from 13 cents a year ago) vs 17 cent estimate
- revenue of $90.4 million (up 11% from $81.4 million a year ago) vs $88 million estimate
- same store sales of 5.1% (3.5% at company owned stores, 6.2% at franchised stores) vs 5.5% estimate
Weak Q2 guidance:
- same store sales of 3%-5%
- EPS of 67 cents to 71 cents... mid point of 69 cents below expectations of 70 cents
Might be worth a gamble if I can pick up some at around $21-$22
After Hours : $25.26 - Down $3.80 (13.08%)
Q1 numbers
- profit of $6.8 million... up from $5.4 million a year ago
- non-GAAP EPS of 18 cents a share (up from 13 cents a year ago) vs 17 cent estimate
- revenue of $90.4 million (up 11% from $81.4 million a year ago) vs $88 million estimate
- same store sales of 5.1% (3.5% at company owned stores, 6.2% at franchised stores) vs 5.5% estimate
Weak Q2 guidance:
- same store sales of 3%-5%
- EPS of 67 cents to 71 cents... mid point of 69 cents below expectations of 70 cents
So glad I didn't take that gamble.
After Hours : $15.89 - Down $2.47 (13.45%)
- Q2 non-GAAP earnings $0.19 per share ($7.353 million). Up 21.4% from $0.16 per share ($6.1 million) a year ago. Estimates were for $0.18 -- Beat
- Q2 revenue of $89.5 million. Up 2.99% from $86.9 million a year ago. Estimates were for $93 million -- Miss
- Q2 comps of 1.3% (-0.5% at company owned restaurants, +2.6% at franchised restaurants) way below 3%-5% guidance they gave back in May -- Miss
The Costa Mesa, California-based company said it had profit of 12 cents per share. Earnings, adjusted for non-recurring costs, came to 18 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The Tex-Mex fast food chain posted revenue of $88.9 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $90.4 million.
El Pollo Loco expects full-year earnings in the range of 67 cents to 69 cents per share.
The grilled-chicken chain posted earnings of 17 cents a share on $94.4 million in revenue. Analysts had expected earnings of 18 cents per share on revenues of $96.6 million, according to a consensus estimate from FactSet.
Although overall same-restaurant sales grew 0.7 percent, company-operated locations saw sales drop 0.6 percent during the quarter, due to a 0.8 percent decrease in traffic. Franchise restaurants, however, saw comparable sales grow 1.8 percent.
Q2 2016 expectations
- EPS of $0.18 (down 5% from $0.19 a year ago)
- revenue of $96.67 million (up 8% from $89.5 million a year ago)
- comps of ?? (was up 1.3% a year ago)
Has had positive comps for past 19 consecutive quarters
07-30-2014, 01:29 PM
(-0.5% at company owned restaurants, +2.6% at franchised restaurants) way below 3%-5% guidance they gave back in May -- Miss
earnings report in about 30 min
