El Pollo Loco shares tanked by up to 13% in after-hours trading on Thursday after the company reported quarterly results that missed on revenues.

The restaurant chain posted revenues totaling $US89.5 million, missing the estimate for $US93 million according to Bloomberg. Adjusted earnings per share came in at $US0.18, in line with forecasts.

Comparable store sales, at locations open for at least one year, rose 1.3%, and fell short of the forecast for 3.2%.

The company’s shares soared 55% at its IPO last July. Shares are down 6% year-to-date, and have cratered 50% over the past 12 months.

The stock closed at $US18.51 on Thursday, and the move down in after-hours trading took it to an all-time low.

“Our second quarter results included pro forma net income growth of over 20%, as well as our 16thconsecutive quarter of system-wide comparable restaurant sales growth,” said CEO Steve Sather in the earnings statement.

The Mexican-style chicken chain expects to open as many as 24 restaurants during the fiscal year, and estimates its earnings per share between $US0.67 and $US0.71.

NOW WATCH: How to properly cut up a chicken

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.