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

Portillos

25/02/2025 13:57

** Shares of fast casual restaurant chain Portillo's PTLO.O up 8% at $14.65 premarket

** Company forecasts annual profit largely above expectations, following a quarterly profit beat helped by higher menu prices

** Co expects annual adjusted EBITDA growth between 6% and 8%, vs Street estimate of 6.4% growth - data compiled by LSEG

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

** Sees annual revenue growth forecast of 11% to 12% vs. estimate of 11.4%

** Also posts surprise 0.4% rise in quarterly same-restaurant sales, compared to estimate of 0.3% decline, while revenue of $184.6 million is in line with estimate

** PTLO fell 41% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))