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Sep 26, 2021
Portillo's Q3 2021 Earnings Report
Portillo's reported solid top line growth and same restaurant sales increased by almost 7%.
Key Takeaways
Portillo's Inc. reported a 15.3% increase in total revenue to $138.0 million and a 6.8% increase in same-restaurant sales. However, operating income decreased by 8.8% to $17.2 million, and net income decreased by 19.4% to $6.5 million.
Total revenue increased 15.3% to $138.0 million.
Same-restaurant sales increased 6.8%.
Operating income decreased 8.8% to $17.2 million.
Net income decreased 19.4% to $6.5 million.
Forward Guidance
The company expects to open one additional restaurant in the coming weeks, bringing the total restaurant count to 69.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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