Businesses 'fed up' with California's minimum wage hike as prices soar, thousands forced out of work [FOX Business Network]
El Pollo Loco Holdings, Inc. (LOCO)
Last el pollo loco holdings, inc. earnings: 4/30 04:05 pm
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Source: FOX Business Network
Gavin Newsom hiked the state's minimum wage to $20 as thousands have been forced out of work and consumers are forced to pay inflated menu prices. The California Business and Industrial Alliance (CABIA) President Tom Manzo detailed why businesses are "fed up" with California's policies during "Fox & Friends" while Americans struggle to afford the commodity that is now considered a "luxury item" by some consumers. "The biggest issue California faces is continued increased cost and a continued anti-business climate," Manzo told Lawrence Jones on Monday. "That's why we decided to run this ad in the first place, and… business owners are fed up… Quite frankly, it's having a ripple effect now on everybody." "People can't afford fast food when… it should not be a luxury item," he continued. "Fast food isn't a luxury item." CABIA said nearly 10,000 jobs have been cut across fast food restaurants since Newsom signed California Assembly Bill 1228 into law last year. To highlight what it
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News
- El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) Shares Could Be 32% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing El Pollo Loco (LOCO) Right Now? [Yahoo! Finance]Yahoo! Finance
- El Pollo Loco Holdings, Inc. (NASDAQ: LOCO) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- California fast food wage hike has had detrimental impact, puts businesses in 'jeopardy,' critic says [FOX Business Network]FOX Business Network
- California fast food wage hike has had detrimental impact, puts businesses in 'jeopardy,' critic says [Yahoo! Finance]Yahoo! Finance
LOCO
Earnings
- 5/2/24 - Beat
LOCO
Sec Filings
- 6/18/24 - Form 144
- 6/3/24 - Form 8-K
- 6/3/24 - Form 144
- LOCO's page on the SEC website