Portillo’s Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results
Portillo's Inc. (PTLO)
Company Research
Source: GlobeNewswire
CHICAGO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Portillo’s Inc. (“Portillo’s” or the “Company”) (NASDAQ: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the fourth quarter and fiscal year ended December 31, 2023. Michael Osanloo, President and Chief Executive Officer of Portillo’s, said “Portillo’s has been a beloved brand for 60 years, and we only continue to get better. In 2023, we grew revenue and adjusted EBITDA by double-digits. We generated record operating cash flow. We opened 12 new restaurants. We ended the year with positive traffic and multi-year highs in guest satisfaction. We do this by building on what makes us great — impeccable operations and an excellent value proposition. This is our playbook. It’s how we drive the kind of results you saw from us in 2023. And we’re just getting started.” Financial Highlights for the Fourth Quarter 2023 (14 weeks)* vs. Pri
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PTLO
News
- The Beef Is Back: Portillo’s and Lou Malnati’s Reunite for a Chi-Conic Italian Beef Deep Dish Pizza Three-Peat in Honor of National Italian Beef WeekGlobeNewswire
- Portillo's Inc. (NASDAQ: PTLO) had its price target lowered by analysts at UBS Group AG from $18.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
- Portillo's Inc. (NASDAQ: PTLO) had its price target lowered by analysts at Robert W. Baird from $17.00 to $15.00. They now have an "outperform" rating on the stock.MarketBeat
- Portillo's Inc. (NASDAQ: PTLO) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $20.00 price target on the stock.MarketBeat
- Portillo’s Inc. Announces First Quarter 2024 Financial ResultsGlobeNewswire
PTLO
Earnings
- 5/7/24 - Beat
PTLO
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/6/24 - Form 4
- PTLO's page on the SEC website