El Pollo Loco Holdings Inc. said quarterly revenue increased less than 1% to $106 million and net income fell by a third, to $5.1 million, compared with the same period last year.
Same-store sales fell 1%.
“While our results match our guidance, it is important to call out that we are not satisfied with them and are working hard to drive performance in the second-half of the year,” president and Chief Executive Bernard Acoca said in a press release.
The Costa Mesa-based fast food chicken chain maintained full-year guidance of diluted net income per share of 68 cents to 73 cents, compared with 63 cents last year.
It expects to open 15 to 18 new locations this year, with just more than half of those franchises.
The chain has 475 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, Utah, and Louisiana.
El Pollo Loco (Nasdaq: LOCO) traded recently at a $435 million market cap.
