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Mar 27, 2022
Portillo's Q1 2022 Earnings Report
Reported financial results for the first quarter ended March 27, 2022.
Key Takeaways
Portillo's Inc. reported a 14.6% increase in total revenue to $134.5 million, driven by an 8.2% increase in same-restaurant sales and the opening of six new restaurants. Net income increased to $0.6 million, while operating income decreased to $6.8 million.
Total revenue increased by 14.6% to $134.5 million.
Same restaurant sales increased by 8.2%.
Operating income decreased by $4.0 million to $6.8 million.
Net income increased by $0.4 million to $0.6 million.
Forward Guidance
Absent significant and prolonged COVID-19 relapses or global economic disruptions, and based on the current trend of our business operations and our focused efforts to elevate guest experiences and enhance digital capabilities, we believe the strength of our brand will deliver consistent, long-term growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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