NASDAQ$PTLO

Portillo's Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Portillo's reported financial results inline with long-term targets.

Portillo's Inc. reported a 7.0% increase in total revenue, reaching $150.6 million, and a 1.9% increase in same-restaurant sales. Operating income decreased by $7.0 million to $17.4 million, and net income decreased by $3.0 million to $10.8 million.

  • Total revenue increased 7.0% to $150.6 million.
  • Same restaurant sales increased 1.9%.
  • Operating income decreased $7.0 million to $17.4 million.
  • Net income decreased $3.0 million to $10.8 million.

Headline financials

Total Revenue

$151M

Previous: $98.6M+52.8%
EPS (adj)

$0.13

Previous: $0.86-85.0%
Same-restaurant sales change

1.9%

Previous: 25.0%-92.4%
Total restaurants

71

No prior period
Capital Expenditures

-$13.9M

Previous: $7.5M-285.8%
Free Cash Flow

-$8.83M

Previous: $20.3M-143.6%
Net Income

$5.11M

Previous: $8.17M-37.5%
Operating Income

$17.4M

Previous: $24.5M-28.7%
Gross Profit

-$51.8M

Previous: $141M-136.8%
Cash & Equivalents

$49.7M

Previous: $54.4M-8.6%
Total Assets

$1.01B

No prior period
Stock-Based Comp

$3.86M

Previous: $168K+2200.0%

Revenue & EPS history

Portillo's · Revenue · Quarterly

$151M

Q2 2022+52.8%vs Q2 2021
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

The company expects commodity pressures to continue into the remainder of fiscal 2022 in the range of 13% to 15%.

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 Q2 2022

Historical avgQ2 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro