Legal expense pushes El Pollo Loco to loss in 2Q

COSTA MESA Calif. El Pollo Loco Inc., the privately held operator-franchisor of 406 grilled-chicken restaurants, swung to a net loss in its second quarter as a $10.7 million legal settlement and higher commodity costs erased the chain’s sales gains.

 

For the quarter ended June 30, El Pollo Loco posted a net loss of $5.6 million, compared with profit of $1.4 million a year ago.

 

 

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