Positive System-Wide Traffic Growth
The company reported positive system-wide traffic growth during the third quarter, driven by targeted innovation and value offerings, such as $9.99 quesadilla combos and app-only promotions.
Restaurant Contribution Margin Improvement
Restaurant contribution margin improved to 18.3% in the third quarter from 16.7% in the year-ago period, driven by cost savings and enhanced labor productivity.
Digital Business Growth
Digital business, including kiosks, grew to 27% of system sales compared to 20% in the same period last year, with loyalty transactions up 28% year-over-year.
Franchise Revenue Increase
Franchise revenue increased 13.5% during the third quarter, driven by the rollout of a new point-of-sale system and the opening of new franchise-operated restaurants.
Successful New Restaurant Openings
El Pollo Loco opened its 500th restaurant and reported that new openings are averaging $2 million in annualized sales, demonstrating strong unit growth.