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Mar 31, 2024
Portillo's Q1 2024 Earnings Report
Reported financial results for the first quarter ended March 31, 2024.
Key Takeaways
Portillo's Inc. reported a 6.3% increase in total revenue, reaching $165.8 million, while same-restaurant sales decreased by 1.2%. Operating income increased to $10.1 million, and net income rose to $5.3 million. The company opened one new restaurant, bringing the total to 85.
Total revenue increased by 6.3% to $165.8 million.
Same-restaurant sales decreased by 1.2%.
Operating income increased to $10.1 million.
Net income increased to $5.3 million.
Forward Guidance
Portillo's plans to open at least seven additional restaurants during the remainder of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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