El Pollo Loco Inc (LOCO) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Good afternoon, and welcome to the Chipotle Second Quarter 2021 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to Ashish Kohli, Head of Investor Relations. Please go ahead.
Ashish Kohli
Head of Investor Relations
Hello, everyone, and welcome to our second quarter fiscal 2021 earnings call. By now, you should have access to our earnings press release. If not, it may be found on our Investor Relations website at ir.chipotle.com.
I will begin by reminding you that certain statements and projections made in this presentation about our future business and financial results constitute forward-looking statements. These statements are based on management s current business and market expectations, and our actual results could differ materially from those projected in the forward-looking statements. Please see the risk factors contained in our annual report on Form 10-K and in our Form 10-Qs for a discussion of risks that may cause our a
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Good day, ladies and gentlemen, and thank you for standing by.
Welcome to the El Pollo Loco First Quarter 2021 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded today, May 6, 2012.
On the call today we have, Bernard Acoca, President and Chief Executive Officer of El Pollo Loco; and Larry Roberts, Chief Financial Officer. I would now like to turn the conference over to Larry Roberts.
Laurance Roberts
Chief Financial Officer
Thank you operator, good afternoon. By now, everyone should that access to our first quarter 2021 earnings release. If not, it can be found at www.elpolloloco.com in the Investor Relations section.
El Pollo Loco’s new Acceleration Agenda couldn’t have started any better.
In January, the brand revealed a new, multi-tiered strategy that envisioned growing into new geographies with franchisees, building the right organization for asset light growth, evolving the brand by digitizing the business, and exaggerating what makes El Pollo special and different.
While that process is underway, all-time highs are being broken. El Pollo recently achieved three average weekly sales records in a row, and posted its highest sales day ever on National Burrito Day (April 1). In April, comps soared 13.5 percent on a two-year basis.
“We are very pleased with our solid start to 2021 and the sales trends we are currently experiencing, which we believe indicates that we are at the start of a strong recovery,” CEO Bernard Acoca said during the Q1 earnings call.