Portillo’s ( (PTLO) ) has issued an update.
Portillo’s Inc. reported a 6.9% increase in total revenue for Q3 2024, reaching $178.3 million, driven by new restaurant openings despite a 0.9% decline in same-restaurant sales. The company managed to boost net income to $8.8 million and increase operating income by $0.9 million. With a strategic focus on growth and profitability, Portillo’s aims to open 10 new restaurants in 2024, enhancing its presence in key markets like Texas.
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