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Portillo's (PTLO)
NASDAQ:PTLO
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -8.25%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed a mix of positive expansion and operational strategies, offset by challenges in same-store sales and external factors like weather. While revenue growth excluding external factors and new initiatives like the loyalty program are encouraging, issues with same-store sales and increased operating expenses present challenges.Company Guidance
During the Fiscal Fourth Quarter 2024 Conference Call, Portillo's Inc. provided several key metrics and strategic initiatives for the upcoming year. The company reported a slight increase in same restaurant sales by 0.4% for the quarter, although the full-year comp was down by 0.6%. Total revenue for the quarter was $184.6 million, contributing to a full-year revenue of $710.6 million. Restaurant-level adjusted EBITDA for the quarter was $45.2 million, with a full-year figure of $168.1 million, and a margin of 23.7%. Looking ahead, Portillo's plans to open twelve new restaurants in 2025, with a focus on the "restaurant of the future" format, which reduces the average build cost to between $5.2 million and $5.5 million. The company is also launching a Portillo's Perks loyalty program, aiming for 1.5 million enrollments by July, and implementing a 1.5% price increase in January 2025. They anticipate commodity inflation of 3% to 5%, with beef being a significant pressure point, and labor inflation of 3% to 4%. For 2025, Portillo's projects restaurant-level adjusted EBITDA margins to be between 22.5% and 23%, and G&A expenses to range from $82 million to $84 million.Revenue Growth Excluding Extra Week
Fourth quarter revenue of $184.6 million reflected a decrease of 1.7% year-over-year due to an extra operating week in 2023. Excluding this impact, revenues grew 6.1%.
Successful Kiosk Implementation
Introduction of kiosks at all restaurants drove a comp lift of more than 1%, indicating significant potential for further growth.
Expansion Plans
Portillo's opened ten new restaurants in 2024, with plans to open 12 more in 2025, including a new market entry in Georgia.
Loyalty Program Launch
The Portillo's Perks loyalty program is expected to drive significant engagement, with a target enrollment of 1.5 million by July.
Decreased Labor and Food Costs
Labor costs as a percentage of revenues decreased to 24.6% from 25.4%, and food costs decreased to 34.1% from 34.8%.
Improved Cash Flow
Cash from operations increased by 38.5% year-over-year to $98 million.
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PTLO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PTLO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $13.57 | $14.90 | +9.80% |
| Nov 05, 2024 | $13.65 | $13.49 | -1.17% |
| Aug 06, 2024 | $8.88 | $9.67 | +8.90% |
| May 07, 2024 | $12.12 | $10.61 | -12.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Portillo's (PTLO) report earnings?
Portillo's (PTLO) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Portillo's (PTLO) earnings time?
Portillo's (PTLO) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PTLO EPS forecast?
PTLO EPS forecast for the fiscal quarter 2025 (Q1) is 0.05.
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