Portillo's 4Q Profit Rises as Higher Prices Boost Sales

Dow Jones

25 Feb

By Dean Seal

Portillo's recorded a fatter profit in the fourth quarter after comparable sales turned positive for the first time in the fiscal year from higher menu prices.

The fast-casual restaurant chain posted a profit of $11.3 million for the quarter ended Dec. 29, compared with $7.8 million in the same quarter a year ago.

Earnings were 17 cents a share, topping analyst estimates for 5 cents a share, according to FactSet.

Sales slid 1.7% to $184.6 million. Analysts polled by FactSet had been projecting $185.2 million. The year-earlier quarter included an additional week of operations.

Same-restaurant sales turned positive after three consecutive quarters of declines, coming in at a 0.4% gain that was slightly bigger than analysts had been expecting. Higher menu prices led to higher average spending per visit, which more than offset a decline in total transactions.

The Oak Brook, Ill. company said it expects same-restaurant sales to be at least flat and rise up to 2% year-over-year in 2025. New restaurant openings should boost total revenue by 11% to 12% from $710.6 million in 2024, which would be about $788.8 million to $795.9 million. Analysts had been targeting $791 million in revenue with 1.3% comparable sales.

Shares rose 5.2% to $14.27 in premarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

February 25, 2025 08:25 ET (13:25 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts had been targeting $791 million in revenue with 1.3% comparable sales. \n</p>\n<p>\n  Shares rose 5.2% to $14.27 in premarket trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2025 08:25 ET (13:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PTLO","symbol_name":"Portillo’s Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514091314","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514091314","pubTimestamp":1740489900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Portillo's recorded a fatter profit in the fourth quarter after comparable sales turned positive for the first time in the fiscal year from higher menu prices.The fast-casual restaurant chain posted a profit of $11.3 million for the quarter ended Dec. 29, compared with $7.8 million in the same quarter a year ago.Earnings were 17 cents a share, topping analyst estimates for 5 cents a share, according to FactSet.Sales slid 1.7% to $184.6 million. 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New resta","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PTLO":"Portillo’s Inc."},"translate_title":"由于价格上涨促进销售，波蒂略第四季度利润上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTLO":0.9},"content_text":"By Dean Seal \n\n\n \n\n\n  Portillo's recorded a fatter profit in the fourth quarter after comparable sales turned positive for the first time in the fiscal year from higher menu prices. \n\n\n  The fast-casual restaurant chain posted a profit of $11.3 million for the quarter ended Dec. 29, compared with $7.8 million in the same quarter a year ago. \n\n\n  Earnings were 17 cents a share, topping analyst estimates for 5 cents a share, according to FactSet. \n\n\n  Sales slid 1.7% to $184.6 million. Analysts polled by FactSet had been projecting $185.2 million. 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Analysts had been targeting $791 million in revenue with 1.3% comparable sales. \n\n\n  Shares rose 5.2% to $14.27 in premarket trading. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 25, 2025 08:25 ET (13:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}