01:46 PM EDT, 05/03/2024 (MT Newswires) -- El Pollo Loco Holdings ( LOCO ) shares were up 15.5% in recent trading on Friday, a day after the company posted Q1 adjusted net income and revenue ahead of consensus.

The company reported Q1 adjusted net income Thursday of $0.22 per diluted share, up from $0.14 a year earlier.

Four analysts polled by Capital IQ expected $0.14.

Revenue for the quarter ended March 27 was $116.2 million, up from $114.5 million a year earlier.

Four analysts surveyed by Capital IQ expected $111.1 million.

Price: 9.93, Change: +1.33, Percent Change: +15.47