Brief: Portillo’S Inc. Announces First Quarter 2022 Financial Results

Portillos

05/05/2022 13:22

May 5 (Reuters) - Portillos Inc  PTLO.O :
    * PORTILLO’S INC. ANNOUNCES FIRST QUARTER 2022 FINANCIAL
RESULTS
    * Q1 REVENUE ROSE 14.6 PERCENT TO $134.5 MILLION
    * QTRLY SAME RESTAURANT SALES INCREASED 8.2%
    * QTRLY INCOME PER COMMON SHARE $0.00
    * PORTILLOS -WHILE  EXPECT COMMODITY PRESSURES TO CONTINUE
IN
2022, DO NOT BELIEVE THEY WILL HAVE MATERIAL IMPACT TO LONG-TERM
GROWTH AND PROFITABILITY
    * Q1 EARNINGS PER SHARE VIEW $-0.03, REVENUE VIEW $135.5
MILLION
-- REFINITIV IBES DATA
    * SAYS DURING Q1 OF 2022, INCREASED CERTAIN MENU PRICES BY
ABOUT
1.5%,; EXPECT ADDITIONAL MENU PRICE INCREASES DURING Q2 OF 2022

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