Portillo’s 2024 Revenue Climbs as Expansion Continued
By Daniella Parra
Chicago-style chain Portillo’s Inc. (Nasdaq: PTLO) said 2024 revenue increased 4.5% to $710.6 million as the company continued to expand its footprint across the U.S.
Net income increased $10.3 million and adjusted EBITDA increased $2.5 million last year, it said.
Fourth quarter net income rose $2.8 million to $12.4 million, while same-restaurant sales increased 0.4%, the company said.
“We ended the year with solid momentum, supported by key initiatives that will drive our long-term growth,” said Michael Osanloo, President and Chief Executive Officer of Portillo’s. “As we head into 2025, we’re focused on accelerating traffic, enhancing operational excellence, and expanding our geographic footprint to deliver value to our team members, guests and shareholders.”
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