NASDAQ$PTLO

Portillo's Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Portillo's reported solid top line growth and same restaurant sales increased by almost 7%.

Portillo's Inc. reported a 15.3% increase in total revenue to $138.0 million and a 6.8% increase in same-restaurant sales. However, operating income decreased by 8.8% to $17.2 million, and net income decreased by 19.4% to $6.5 million.

  • Total revenue increased 15.3% to $138.0 million.
  • Same-restaurant sales increased 6.8%.
  • Operating income decreased 8.8% to $17.2 million.
  • Net income decreased 19.4% to $6.5 million.

Headline financials

Total Revenue

$138M

Previous: $231M-40.2%
EPS (adj)

$0.01

Previous: -$1.11+100.9%
Same-restaurant sales change

6.8%

Previous: -2.1%+423.8%
Capital Expenditures

-$27.7M

Previous: $10.1M-373.1%
Free Cash Flow

-$21.2M

Previous: $28M-175.6%
Net Income

$6.53M

Previous: $7.37M-11.4%
Operating Income

$17.2M

Previous: $41.7M-58.7%
Gross Profit

-$44.3M

Previous: $337M-113.1%
Cash & Equivalents

$49.4M

Previous: $33.4M+47.8%
Total Assets

$929M

No prior period
Stock-Based Comp

$170K

Previous: $564K-69.9%

Revenue & EPS history

Portillo's · Revenue · Quarterly

$138M

Q3 2021-40.2%vs Q3 2020
Beat estimate in 1 of 9 quarters(11%)
ActualEstimate

Forward guidance

The company expects to open one additional restaurant in the coming weeks, bringing the total restaurant count to 69.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports

Historical avg

-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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