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Mar 26, 2023
Portillo's Q1 2023 Earnings Report
Reported financial results for the first quarter ended March 26, 2023.
Key Takeaways
Portillo's Inc. reported a 16.0% increase in total revenue, reaching $156.1 million, and a 9.1% increase in same restaurant sales. Operating income increased by $1.7 million to $8.5 million. Net income decreased $1.8 million to a net loss of $1.3 million.
Total revenue increased 16.0% to $156.1 million.
Same restaurant sales increased 9.1%.
Operating income increased $1.7 million to $8.5 million.
Restaurant-Level Adjusted EBITDA increased $6.8 million to $34.8 million.
Forward Guidance
The company expects overall commodity inflation to ease over the course of 2023 and are currently estimating commodity inflation in the mid-single digits for the full fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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