Portillo's Q2 revenue up 7.5% to $181.9M; same-store sales down 0.6%; raises unit target to 10+

Portillo's Inc.

2024-Q2 EPS reported $0.18 revenue$347,693,000

Revenue $181.9M (+7.5% YoY); net income $8.5M vs $9.9M; adj. EBITDA $29.9M (+2.2%).
Same-restaurant sales -0.6% (transactions -2.3%, avg check +1.7%); vs +5.9% in prior Q2.
Commodity inflation 6.9%; labor flat as % of revenue; menu prices up ~4.3% in 2024.
Updated FY24 targets: unit growth to 10+ (from 9+); same-store sales flat to slightly positive; G&A $82-84M; capex $85-88M.
Opened 4 restaurants YTD (2 post-quarter); total 88 restaurants; on track for 10+ new units.

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.