earnings
confidence high
sentiment positive
materiality 0.65
Portillo's Q4 same-store sales +0.4%; FY net income up 41%; guides 12 new units in 2025
Portillo's Inc.
2024-FY EPS reported
$0.46
revenue$710,554,000
- Q4 revenue $184.6M (-1.7% vs 14-week prior year); same-restaurant sales +0.4%; net income $12.4M (up from $9.6M).
- FY2024 revenue $710.6M (+4.5%), net income $35.1M (up from $24.8M), adj EBITDA $104.8M (+2.4%).
- Opened 10 new restaurants in FY2024; plans 12 new units in FY2025 with focus on Sunbelt and Atlanta entry.
- FY2025 guidance: same-restaurant sales flat to +2%, revenue growth 11-12%, adj EBITDA growth 6-8%, capex $97-100M.
- Commodity inflation moderated to 1.8% in Q4; menu price increases totaling 4% in 2024 plus 1.5% in Jan 2025.