Portillo's Inc. (PTLO) Tops Q4 EPS by 8c ; Provides Outlook

Portillo's Inc. (NASDAQ: PTLO) reported Q4 EPS of $0.13, $0.08 better than the analyst estimate of $0.05. Revenue for the quarter came in at $187.9 million versus the consensus estimate of $184.22 million.

Outlook:-

Fiscal 2024 and Long-Term Outlook

For fiscal 2024, the Company is anticipating the following:

At least nine new restaurant openings
Commodity inflation ranging from 4% to 6%;
General and administrative expenses ranging from $85 million - $87 million;
Pre-opening expenses between $8.0 million - $9.0 million;
Capital expenditures between $90 million - $93 million.

The following long-term outlook does not constitute specific earnings guidance, but the Company believes these ranges to be achievable over the long term:

Restaurant unit growth ranging from 12% to 15%;
Same-restaurant sales growth in the low single digits;
Total revenue growth in the mid teens;
Adjusted EBITDA growth in the low teens

For earnings history and earnings-related data on Portillo's Inc. (PTLO) click here.

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