Portillo's rises on upbeat earnings, COVID recovery

Portillos

05/05/2022 19:22

** Restaurant chain's shares  PTLO.O  up ~1.2% at $19.54 in
afternoon trade
    ** Co's Q1 same restaurant sales jumped 8.2%  urn:newsml:reuters.com:*:nGNX8n2ScM
    ** Total revenue increased 14.6% to $134.5 mln in Q1
    ** PTLO said it saw improvements in sales trends and
staffing levels beginning in mid-January 2022 after Omicron
variant impacted sales early in the quarter 
    ** Including session move, shares down ~48% YTD

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))