Portillo's Q2 revenue rises 3.6%, but misses expectations

Portillos

05/08/2025 13:09

Overview

Portillo's Q2 revenue rises 3.6% yr/yr, but missing analysts' expectations

Net income for Q2 increases 17.7% yr/yr, driven by tax adjustments

Same-restaurant sales up 0.7% due to higher average checks

Outlook

Portillo's updates fiscal 2025 revenue growth target to 5% to 7%

Company plans to open 12 new restaurants in H2 2025

Portillo's expects flat to low single-digit adjusted EBITDA growth in 2025

Company focuses expansion in Sunbelt, entering Atlanta in H2 2025

Result Drivers

NEW RESTAURANTS - Revenue growth driven by nine new restaurant openings in late 2024

MENU PRICE INCREASES - Higher average check due to menu price increases to address inflationary pressures

COMMODITY COSTS - Operating expenses impacted by 1.9% rise in commodity prices

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$188.50 mln
$196.30 mln (10 Analysts)
Q2 EPS
$0.12
Q2 Net Income
$10 mln
Q2 Rest. Level Adj. EBITDA
$44.50 mln
Q2 Operating Expenses
$144 mln
Q2 Operating Income
$17.50 mln
Q2 Rest. Level Adj. EBITDA Margin
23.6%


Press Release: ID:nGNX4Sj2Hr

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)