Portillo’s ( (PTLO) ) has issued an update.
Portillo’s Inc. reported its financial results for the fourth quarter and fiscal year 2024, showing a 4.5% increase in total revenue to $710.6 million despite a 0.6% decline in same-restaurant sales. The company opened 10 new restaurants in 2024, contributing to its growth strategy, and plans to open 12 more in 2025, focusing on markets outside Chicagoland, particularly in the Sunbelt region.
More about Portillo’s
Portillo’s Inc. is a restaurant concept known for its menu of Chicago-style favorites, focusing on expanding its geographic footprint and enhancing operational excellence.
YTD Price Performance: 46.39%
Average Trading Volume: 1,732,750
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.01B
See more insights into PTLO stock on TipRanks’ Stock Analysis page.