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The Grilled Chicken Chain Joining the Crispy Poultry Frenzy. Sort of.

By Jennifer Williams

Good morning, CFOs. Grilled chicken chain El Pollo Loco plans to add fried chicken to its menu next year; President Trump calls for the end of quarterly earnings reports; plus, Elon Musk’s $1 billion stock purchase.

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El Pollo Loco is catering to budget-conscious consumers with targeted deals on certain days of the week and specials on select new menu items. PHOTO: EL POLLO LOCO

Diners may know El Pollo Loco for its grilled chicken, but the chain has something different planned for its menu next year. 

Chicken is having a moment, and it’s often served fried. The poultry chain is bending to the battered and breaded craze but plans to largely keep its focus on its longtime marinated and flame-grilled recipe.

For the first time in nearly a decade, El Pollo Loco tells me that next year it’s adding crispy chicken to its menu, which includes grilled chicken tacos, burritos and more, in the hopes of luring more diners. The return of fried poultry tenders comes as El Pollo Loco’s sales and traffic have been challenged in recent quarters, with budget-conscious consumers watching their spending and Hispanic consumers, a key demographic for the California-based chain, pulling back generally in response to immigration crackdowns.

Despite the battered fare, El Pollo Loco is keeping its emphasis on its core menu of flame-grilled chicken to keep drawing its loyal customers.

“There’s a lot of competition,” said the company’s finance chief, Ira Fils. El Pollo Loco has plans to respond to the chicken frenzy, for instance with grilled chicken sandwiches along with the tenders, he said. “But we’re going to do it our way.” 

 
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The Day Ahead

📆 Earnings

  • Ferguson Enterprises

📈 Economic Indicators

The Census Bureau reports retail sales data for August.

The National Association of Home Builders releases its Housing Market Index for September.

 

What Else Matters to CFOs

President Trump said ending quarterly earnings reports would ‘allow managers to focus on properly running their companies.’ PHOTO: FRANCIS CHUNG/BLOOMBERG

President Trump said companies should no longer be required to report their earnings on a quarterly basis, an idea he explored during his first term that has gained traction recently.

Publicly traded companies in the U.S. have reported results every three months for the past 50-plus years.

Instead, Trump argued, companies should report their earnings every six months. “This will save money, and allow managers to focus on properly running their companies,” Trump wrote on Truth Social on Monday.

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📰 Other headlines

  • Shoe Companies Warn of Price Increases as Tariff Costs Kick In
  • Microsoft Raises Quarterly Dividend 9.6%
  • U.S. Reaches Outline of TikTok Deal With China
  • China Says Nvidia Violated Antitrust Law
  • Tyson Foods Is Dropping High-Fructose Corn Syrup
  • Disney to Invest in Webtoon Entertainment With Plan for New Comics Platform
  • Exxon’s New Ally in Fight With Activists: Its Own Retail Investors
  • Fiverr to Cut About 250 Jobs in ‘Refocusing Effort,’ Reiterates Guidance
  • The New Pitfall of Online Shopping: A Surprise Tariff Bill
  • What Investors Get Out of Quarterly Earnings

📈 Earnings wrapup

  • Dave & Buster’s Same-Store Sales Drop as CEO Points to Execution Missteps
  • Hain Celestial Ramps Up Restructuring After Weak Results
  • Alaska Air Sees Quarterly Profit Hurt by Fuel Costs, Operational Challenges
 ‏‏‎ ‎
$1 Billion

The approximate value of Tesla shares that Elon Musk bought, his first open-market purchase since 2020, according to a regulatory filing released Monday

 

CFO Moves

Cohen & Steers, the New York-based investment manager, named Michael Donohue as interim chief financial officer as CFO Raja Dakkuri plans to resign Oct. 17. Donohue, who has served as controller since May 2023, will step into the interim role after Dakkuri departs. Dakkuri has secured another opportunity, the company said. Cohen & Steers has started a search for a permanent successor.

—Katherine Hamilton contributed to today’s Ledger.

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About Us

The Wall Street Journal's CFO Journal offers corporate leaders and professionals CFO analysis, advice and commentary to make informed decisions. We cover topics including corporate tax, accounting, regulation, capital markets, management and strategy.

Follow us on X @WSJCFO. The WSJ CFO Journal Team comprises reporters Kristin Broughton, Mark Maurer and Jennifer Williams, and Bureau Chief Walden Siew.

You can reach us by replying to any newsletter, or email Walden at walden.siew@wsj.com.

 
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