NASDAQ$PTLO
Portillo's Inc. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported financial results for the fourth quarter and fiscal year ended December 25, 2022.
Portillo's Inc. reported an 8.6% increase in total revenue for the fourth quarter of 2022, reaching $150.9 million. Same-restaurant sales increased by 6.0%, and the company saw a significant increase in operating income and net income. However, Restaurant-Level Adjusted EBITDA and Adjusted EBITDA both decreased compared to the prior year.
- Total revenue increased by 8.6% to $150.9 million.
- Same-restaurant sales increased by 6.0%.
- Operating income increased $29.0 million to $6.4 million.
- Net income increased $36.5 million to $2.7 million.
Headline financials
Revenue & EPS history
Portillo's · Revenue · Quarterly
$151M
Forward guidance
For fiscal 2023, the Company is anticipating commodity inflation in the mid single digits and general and administrative expenses ranging from $72 million - $77 million.
Tailwinds
- Four new restaurants openings in the “Class of 2022”
- Nine new restaurant openings in the “Class of 2023”
- Commodity inflation in the mid single digits
Headwinds
- General and administrative expenses ranging from $72 million - $77 million
- Pre-opening expenses between $7.5 million - $8.0 million
- Capital expenditures between $70 million - $75 million
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 Q4 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
| Quarter | Report date | Reaction (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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