Portillo’s reports Q3 EPS 2c, consensus 4c

Reports Q3 revenue $181.4M, consensus $179.59M. “Portillo’s (PTLO) took a number of steps to reset our growth model in the third quarter, as we proceed at a more measured pace in new markets while pursuing better unit economics,” said Mike Miles, Chairman of the Board and Interim President and Chief Executive Officer of Portillo’s. “In the meantime, our restaurant operators continue to deliver outstanding food and guest experiences, and they remain the foundation of this great brand.”