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Sep 24, 2023
Portillo's Q3 2023 Earnings Report
Portillo's reported profitable growth driven by new restaurant performance and consistent operations.
Key Takeaways
Portillo's Inc. reported a 10.4% increase in total revenue, reaching $166.8 million, and a 3.9% increase in same restaurant sales. Operating income increased by $4.5 million to $15.1 million, and net income increased by $3.3 million to $6.5 million.
Total revenue increased by 10.4% to $166.8 million.
Same restaurant sales increased by 3.9%.
Operating income increased by $4.5 million to $15.1 million.
Net income increased by $3.3 million to $6.5 million.
Forward Guidance
The company plans to open five additional restaurants in the fourth quarter of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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