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Why Restaurant Chain El Pollo Loco's Shares Are Soaring Today

El Pollo Loco Holdings, Inc (NASDAQ:LOCO) shares are soaring after the company reported first-quarter FY24 earnings. Yesterday, the company reported first-quarter FY24 sales growth of 1.4% year-on-year to $116.15 million, beating the analyst consensus estimate of $111.083 million. System-wide comparable restaurant sales increased 5.1%. Company operated restaurants constituted 83.6% of ...