NASDAQ$PTLO

Portillo's Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended March 27, 2022.

Portillo's Inc. reported a 14.6% increase in total revenue to $134.5 million, driven by an 8.2% increase in same-restaurant sales and the opening of six new restaurants. Net income increased to $0.6 million, while operating income decreased to $6.8 million.

  • Total revenue increased by 14.6% to $134.5 million.
  • Same restaurant sales increased by 8.2%.
  • Operating income decreased by $4.0 million to $6.8 million.
  • Net income increased by $0.4 million to $0.6 million.

Headline financials

Total Revenue

$134M

Previous: $82.3M+63.4%
EPS (adj)

$0.00

Previous: -$0.81+100.6%
Same-restaurant sales change

8.2%

Previous: 0.8%+925.0%
Total restaurants

70

Previous: 65+7.7%
Capital Expenditures

-$6.28M

Previous: $11M-157.3%
Free Cash Flow

-$6.09M

Previous: -$5.92M-2.8%
Net Income

$194K

Previous: -$5.39M+103.6%
Operating Income

$6.81M

Previous: $10.9M-37.2%
Gross Profit

-$46.3M

Previous: $117M-139.4%
Cash & Equivalents

$32.2M

Previous: $34.8M-7.4%
Total Assets

$989M

No prior period
Stock-Based Comp

$3.79M

Previous: $105K+3504.8%

Revenue & EPS history

Portillo's · Revenue · Quarterly

$134M

Q1 2022+63.4%vs Q1 2021
Beat estimate in 1 of 9 quarters(11%)
ActualEstimate

Forward guidance

Absent significant and prolonged COVID-19 relapses or global economic disruptions, and based on the current trend of our business operations and our focused efforts to elevate guest experiences and enhance digital capabilities, we believe the strength of our brand will deliver consistent, long-term growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-2.6%

Avg return

Earnings day

-6.0%

Avg return

5 days after

-11.4%

Avg return

30 days after

43%

10 / 23 earnings

Positive

+11.8%

Q4 2023

Best reaction

-17.5%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-16.5%-25.0%-33.7%
Q4 2025-7.1%-7.8%-7.1%
Q3 2025-7.4%-5.7%-5.5%
Q1 2025+1.0%+8.1%+8.1%
Q4 2024+9.8%+2.9%-8.3%
Q3 2024-3.7%-8.3%-23.4%
Q2 2024+11.5%+20.6%+34.6%
Q1 2024-14.7%-16.6%-16.9%
Q4 2023+11.8%+3.7%+3.1%
Q3 2023+9.0%+2.5%+5.2%
Q2 2023-13.1%-14.5%-18.3%
Q1 2023-11.4%-10.8%-10.9%
Q4 2022-0.5%-2.1%-4.4%
Q3 2022+5.0%+7.9%-4.0%
Q2 2022+10.0%+2.5%-9.6%
Q2 2021+10.0%+2.5%-9.6%
Q1 2021+7.7%-4.0%-8.0%
Q1 2022+7.7%-4.0%-8.0%
Q4 2021-7.8%-5.2%-10.4%
Q4 2019-7.8%-5.2%-10.4%
Q3 2020-17.5%-26.4%-41.5%
Q4 2020-17.5%-26.4%-41.5%
Q3 2021-17.5%-26.4%-41.5%
Q2 2020
Q1 2020

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