NASDAQ$PTLO

Portillo's Inc. · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Portillo's reported a decrease in total revenue but an increase in net income for Q4 2024.

Portillo's Inc. reported a slight decrease in total revenue by 1.7% to $184.6 million for the fourth quarter of 2024, while same-restaurant sales increased by 0.4%. The company's net income increased by $2.8 million to $12.4 million. They opened three new restaurants in the Houston, Texas market during the quarter.

  • Total revenue decreased by 1.7% to $184.6 million.
  • Same-restaurant sales increased by 0.4%.
  • Operating income decreased by $0.6 million to $13.8 million.
  • Net income increased by $2.8 million to $12.4 million.

Headline financials

Total Revenue

$185M

Previous: $188M-1.7%
EPS (adj)

$0.17

Previous: $0.13+30.8%
Same-restaurant sales change

0.4%

Previous: 4.4%-90.9%
Adjusted EBITDA

$25.2M

No prior period
Adjusted EBITDA margin

13.7%

No prior period
Restaurant-Level Adjusted EBITDA

$45.2M

No prior period
Restaurant-Level Adjusted EBITDA margin

24.5%

No prior period
Net Income

$12.4M

Previous: $9.6M+29.2%
Operating Income

$13.8M

Previous: $14.5M-4.8%

Revenue & EPS history

Portillo's · Revenue · Quarterly

$185M

Q4 2024-1.7%vs Q4 2023
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

Portillo's provided financial targets for fiscal year 2025, including unit growth, same-restaurant sales, revenue growth, commodity and labor inflation, restaurant-level adjusted EBITDA margin, general and administrative expenses, pre-opening expenses, adjusted EBITDA growth, and capital expenditures.

Tailwinds

  • Unit growth of 12 new units
  • Same-restaurant sales flat to +2%
  • Revenue growth of 11% to 12%

Headwinds

  • Commodity inflation of 3% to 5%
  • Labor inflation of 3% to 4%
  • Restaurant-level adjusted EBITDA margin of 22.5% to 23%
  • General and administrative expenses of $82 - $84 million
  • Pre-opening expenses of $11 - $12 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 2024

Historical avgQ4 2024

-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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