El Pollo Loco Holdings: Slumps after Q3 sales miss estimates

El Pollo Loco Holdings

30/10/2020 17:05

** Mexican restaurant chain operator's shares  LOCO.O  sink
15.5% to $14.87
    ** Stock erases all of this year's gains and set for its
worst day in over 14 months
    ** Co on Thursday posted Q3 comp sales increase of 1.8% vs
Street est of a 2.3% increase; also misses Q3 rev est
 urn:newsml:reuters.com:*:nGNX2Ccd6m 
    ** Forecasts Q4 comp sales to rise 1%-2%, largely below est
of a 1.8% increase
    ** Stock earlier fell as much as 18.8% to 14.30, an over
3-mth low  
    ** With session's losses, LOCO down 2% YTD and set for its
third straight month of declines

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: https://twitter.com/sampath_uday ;))