El Pollo Loco: Balancing Strong Q2 Performance with Future Traffic Growth ChallengesWe believe that these latter two introductions could prove a meaningful needle mover when launched later this year. ► LOCO returned to positive traffic growth by quarter end, but the value fueled nature creates a negative mix drag of (1.6)% for 2Q25. The brand’s approach to value (which management labelled “thoughtful value”) remains more targeted (specific days, app-only discounts, 3PD promotions) vs. broad discounting of the entire menu at other QSR’s. ► We are pleased to announce that senior management from LOCO will be participating in the 4 th in NYC on September 10 th , 2025. Please reach out to your Benchmark sales professional if you would like a meeting at the event.