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Portillo’s ( (PTLO) ) has issued an update.
Portillo’s Inc. reported a 6.9% increase in total revenue for Q3 2024, reaching $178.3 million, driven by new restaurant openings despite a 0.9% decline in same-restaurant sales. The company managed to boost net income to $8.8 million and increase operating income by $0.9 million. With a strategic focus on growth and profitability, Portillo’s aims to open 10 new restaurants in 2024, enhancing its presence in key markets like Texas.
See more insights into PTLO stock on TipRanks’ Stock Analysis page.
