El Pollo Loco Continues To Expand, Opens Store In Arizona
Zacks Investment Research | Sep 24, 2017 11:12PM ET
Leading fire-grilled chicken chain, El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) , currently has more than 470 restaurants in Arizona, California, Nevada, Texas and Utah. The company is looking to further expand its footprint in key markets through a mix of franchisee and company-owned stores.
In fact, El Pollo Loco has opened 18 restaurants year to date, with another seven slated to open in the coming weeks.
On Sep 21, the company opened its latest 2,660-square-foot outlet in Scottsdale, AZ. Located at 15255 N. 64th St., the resturant can accommodate about 60 guests.
The outlet features the brand’s new Vision Design and has an open kitchen layout to display the preparation of its signature dish. Also, it marks El Pollo Loco’s third restaurant in Scottsdale and 24th in the greater Phoenix area.
However, despite vigorous domestic expansion, El Pollo Loco loses out in terms of international presence. While other restaurant chains like Yum! Brands, Inc. (NYSE:YUM) , McDonalds Corporation (NYSE:MCD) and Papa John’s International, Inc. (NASDAQ:PZZA) pursue aggressive global expansion policies, El Pollo Loco seems to be weak on this front.
Additionally, shares of the company have underperformed its Zacks Investment Research
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