8-K
filed February 27, 2024, 6:59 PM ET
ticker PTLO
CIK 0001871509
earnings
confidence high
sentiment positive
materiality 0.90
Portillo's Q4 revenue up 24.5%, FY revenue up 15.8%; net income $9.6M Q4, $24.8M FY
Portillo's Inc.
2023-FY EPS reported
$0.32
revenue$679,905,000
- Total revenue increased 24.5% to $187.9M in Q4 2023 (14 weeks) vs prior year
- Same-restaurant sales up 4.4% in Q4 and 5.7% for fiscal year 2023
- Opened 12 new restaurants in FY2023, bringing total to 84; plans at least 9 more in 2024
- Commodity inflation moderated to 4.4% in Q4 2023 from 14.5% in prior year period
- Adjusted EBITDA grew 44.5% in Q4 to $26.1M and 20.4% for FY to $102.3M
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Portillo's Inc. reported the fourth quarter ended December 31, 2023 results: revenue $187.9 million, net income $9.6 million.
- Period
- the fourth quarter ended December 31, 2023
- Revenue
- $187.9 million
- Net income
- $9.6 million
- Result
- reported results
Exact text from the filing
Financial Highlights for the Fourth Quarter 2023 (14 weeks)* vs. Prior Year (13 weeks)*: • Total revenue increased 24.5% or $37.0 million to $187.9 million; • Same-restaurant sales** increased 4.4%; • Operating income increased $8.0 million to $14.5 million; • Net income increased $7.0 million to $9.6 million; • Restaurant-Level Adjusted EBITDA**** increased $13.7 million to $45.7 million; and • Adjusted EBITDA**** increased $8.1 million to $26.1 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Portillo's Inc. reported the fiscal year ended December 31, 2023 results: revenue $679.9 million, net income $24.8 million.
- Period
- the fiscal year ended December 31, 2023
- Revenue
- $679.9 million
- Net income
- $24.8 million
- Result
- reported results
Exact text from the filing
Financial Highlights for Fiscal Year 2023 (53 weeks)* vs. Prior Year (52 weeks)*: • Total revenue increased 15.8% or $92.8 million to $679.9 million; • Same-restaurant sales*** increased 5.7%; • Operating income increased $14.2 million to $55.4 million; • Net income increased $7.7 million to $24.8 million; • Restaurant-Level Adjusted EBITDA**** increased $32.7 million to $165.2 million; and • Adjusted EBITDA**** increased $17.3 million to $102.3 million.
View on SEC.gov
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