Portillo's Q2 revenue up 12.3% to $169.2M; same-restaurant sales +5.9%

Portillo's Inc.

2023-Q2 EPS reported $0.11 revenue$325,242,000

Net income $9.9M ($0.16 diluted EPS) vs $10.8M in prior-year quarter.
Restaurant-Level Adj. EBITDA rose $4.3M to $42.7M; Adj. EBITDA up $1.6M to $29.2M.
Commodity inflation eased to 5.5% (Q2) from 15.2%; labor inflation mid-single digits expected.
Opened one restaurant in Q2 (Gilbert, AZ); plans 8 more in H2 2023; total 76 units.
Menu prices increased ~2% in Jan and ~3% in May 2023 to offset cost pressures.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Portillo's Inc. reported financial results for second quarter ended June 25, 2023.

Period: second quarter ended June 25, 2023
Result: reported results

Exact text from the filing

On August 3, 2023, Portillo’s Inc. (NASDAQ: PTLO) issued a press release reporting results for the second quarter ended June 25, 2023.

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Portillo's Inc. filing history →

Source: SEC EDGAR

accession 0001871509-23-000098

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