Portillo's Q4 2024 Earnings Report
Key Takeaways
Portillo's Inc. reported a slight decrease in total revenue by 1.7% to $184.6 million for the fourth quarter of 2024, while same-restaurant sales increased by 0.4%. The company's net income increased by $2.8 million to $12.4 million. They opened three new restaurants in the Houston, Texas market during the quarter.
Total revenue decreased by 1.7% to $184.6 million.
Same-restaurant sales increased by 0.4%.
Operating income decreased by $0.6 million to $13.8 million.
Net income increased by $2.8 million to $12.4 million.
Portillo's
Portillo's
Forward Guidance
Portillo's provided financial targets for fiscal year 2025, including unit growth, same-restaurant sales, revenue growth, commodity and labor inflation, restaurant-level adjusted EBITDA margin, general and administrative expenses, pre-opening expenses, adjusted EBITDA growth, and capital expenditures.
Positive Outlook
- Unit growth of 12 new units
- Same-restaurant sales flat to +2%
- Revenue growth of 11% to 12%
Challenges Ahead
- Commodity inflation of 3% to 5%
- Labor inflation of 3% to 4%
- Restaurant-level adjusted EBITDA margin of 22.5% to 23%
- General and administrative expenses of $82 - $84 million
- Pre-opening expenses of $11 - $12 million