Portillo's Q1 revenue up 6.3% to $165.8M; net income swings to $5.3M from loss

Portillo's Inc.

2024-Q1 EPS reported $0.08 revenue$165,831,000

Revenue $165.8M (+6.3% YoY); same-store sales -1.2% (transactions -3.2%, check +2.0%).
Net income $5.3M vs net loss $1.3M; operating income $10.1M vs $8.5M.
Restaurant-Level Adj. EBITDA $36.4M (+4.5%); Adj. EBITDA $21.8M (+10.9%).
Opened 1 restaurant in Q1 (Denton, TX) and 1 after quarter (Surprise, AZ); total 86.
Menu prices raised ~1.5% in Jan and late March; commodity inflation slowed to 4.8%.

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 the first quarter ended March 31, 2024 results: revenue $165.8 million, net income $5.3 million.

Period: the first quarter ended March 31, 2024
Revenue: $165.8 million
Net income: $5.3 million
Result: reported results

Exact text from the filing

the primary drivers of value creation at Portillo’s.” Financial Highlights for the First Quarter 2024 vs. First Quarter 2023: • Total revenue increased 6.3% or $9.8 million to $165.8 million; • Same-restaurant sales* decreased 1.2%; • Operating income increased $1.6 million to $10.1 million; • Net income increased $6.6 million to $5.3 million; • Restaurant-Level

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

Portillo's Inc. filing history →

Source: SEC EDGAR

accession 0001871509-24-000075

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.