Analyst Summary: El Pollo Loco Holdings announced their Q4 2022 financial results with a system-wide comparable sales increase of 4%, driven by successful restaurant operations and promotions. Additionally, the company noted improvements in their brand tracker and customer service metrics in Q4 2022. Although unfavorable weather may pose a headwind in Q1 2023, management is confident in sales building initiatives for higher revenue and profits. This includes the improvement in system restaurant operations, a new advertising campaign, and a revamped app and loyalty program. El Pollo Loco is also expanding with new franchisees in new markets. The Q4 2022 revenue included $109.6 million, with a decrease in restaurant contribution as a percentage of company-operated restaurant revenue, largely due to wage increases, commodity inflation, and higher operating costs, partially offset by higher menu prices. Management believes that the presentation of system-wide sales provides useful information to investors. However, all forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expected.