Portillo's rises on upbeat annual core profit forecast fueled by higher menu prices

Portillos

25/02/2025 15:09

Updates

** Shares of fast casual restaurant chain Portillo's PTLO.O up as much as 12.7% at $15.30 in early trading

** Company forecasts annual core profit largely above analysts' expectation, betting on benefits from higher menu prices

** Company expects annual adjusted EBITDA growth between 6% and 8%, compared with analysts' estimate of 6.4% growth - data compiled by LSEG

** Reports Q4 adjusted EBITDA of $25.2 million, above the estimate of $21 million

** Forecasts annual revenue growth of 11% to 12% compared with the estimate of 11.4% increase

** Posts a surprise 0.4% rise in quarterly same-restaurant sales, compared with the estimate of a 0.3% decline

** PTLO fell 41% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com))