Portillo’s EPS Beat Analysts’ Estimates in Q3

Exec Edge

2024-11-06

By Karen Roman

Chicago-style chain Portillo’s Inc. (Nasdaq: PTLO) said total revenue rose 6.9% to $178.3 million for the third quarter, while net income increased $2.2 million to $8.8 million.

Earnings per share were $0.11, increasing 83.33% from the prior-year quarter and above analysts’ estimates, the company said.

Adjusted EBITDA grew $0.6 million to reach $27.9 million and same-restaurant sales fell 0.9%, it said.

“While our top line results for the quarter fell short of expectations, I’m proud of how our team protected margins and drove cash flow,” said Michael Osanloo, Portillo’s President and CEO. “We’re profitable, we’re controlling the levers we can, and we’re positioned for lasting, long-term growth.”

Contact:

Executives-Edge.com

Editor@executives-edge.com

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPortillo’s EPS Beat Analysts’ Estimates in Q3\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Exec Edge</strong><span class=\"h-time small\">2024-11-06 07:57</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><p><img height=\"350\" src=\"https://s.yimg.com/uu/api/res/1.2/rSeujAE7_ZgmMhTL0y7dyw--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/exec_edge_220/c9376144620cc5dfdb5b9701bb1fd46f\" width=\"524\"/></p>\n<p>By Karen Roman</p>\n<p>Chicago-style chain <a href=\"https://laohu8.com/S/PTLO\">Portillo’s Inc.</a> (Nasdaq: PTLO) said total revenue rose 6.9% to $178.3 million for the third quarter, while net income increased $2.2 million to $8.8 million.</p>\n<p>Earnings per share were $0.11, increasing 83.33% from the prior-year quarter and above analysts’ estimates, the company said.</p>\n<p>Adjusted EBITDA grew $0.6 million to reach $27.9 million and same-restaurant sales fell 0.9%, it said.</p>\n<p>“While our top line results for the quarter fell short of expectations, I’m proud of how our team protected margins and drove cash flow,” said Michael Osanloo, Portillo’s President and CEO. “We’re profitable, we’re controlling the levers we can, and we’re positioned for lasting, long-term growth.”</p>\n<p>Contact:</p>\n<p>Executives-Edge.com</p>\n<p>Editor@executives-edge.com</p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/portillo-eps-beat-analysts-estimates-235724262.html\">Exec Edge</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PTLO","symbol_name":"Portillo’s Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/portillo-eps-beat-analysts-estimates-235724262.html","article_id":"2481648416","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/zdJDKTojFVg4UE6xpaN.Fg--~B/aD0wO3c9MDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/exec_edge_220/c9376144620cc5dfdb5b9701bb1fd46f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481648416","pubTimestamp":1730851044,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Chicago-style chain Portillo’s Inc.  said total revenue rose 6.9% to $178.3 million for the third quarter, while net income increased $2.2 million to $8.8 million.Earnings per share were $0.11, increasing 83.33% from the prior-year quarter and above analysts’ estimates, the company said.Adjusted EBITDA grew $0.6 million to reach $27.9 million and same-restaurant sales fell 0.9%, it said.“While our top line results for the quarter fell short of expectations, I’m proud of how our team protected margins and drove cash flow,” said Michael Osanloo, Portillo’s President and CEO. “We’re profitable, we’re controlling the levers we can, and we’re positioned for lasting, long-term growth.”","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PTLO":"Portillo’s Inc."},"translate_title":"波蒂略第三季度每股收益超出分析师预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTLO":1},"content_text":"By Karen Roman\nChicago-style chain Portillo’s Inc. (Nasdaq: PTLO) said total revenue rose 6.9% to $178.3 million for the third quarter, while net income increased $2.2 million to $8.8 million.\nEarnings per share were $0.11, increasing 83.33% from the prior-year quarter and above analysts’ estimates, the company said.\nAdjusted EBITDA grew $0.6 million to reach $27.9 million and same-restaurant sales fell 0.9%, it said.\n“While our top line results for the quarter fell short of expectations, I’m proud of how our team protected margins and drove cash flow,” said Michael Osanloo, Portillo’s President and CEO. “We’re profitable, we’re controlling the levers we can, and we’re positioned for lasting, long-term growth.”\nContact:\nExecutives-Edge.com\nEditor@executives-edge.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}