From GlobeNewswire: 2025-05-06 08:00:00

Portillo’s Inc. reported a 6.4% increase in total revenue to $176.4 million for the first quarter of 2025. Same-restaurant sales were up 1.8%, with operating income increasing to $10.4 million. Net income decreased to $4.0 million, while Restaurant-Level Adjusted EBITDA increased to $36.7 million, and Adjusted EBITDA decreased to $21.2 million.

The growth in revenue was attributed to new restaurant openings in 2024 and a rise in same-restaurant sales. Commodity inflation was 3.4%, and labor costs increased by 0.5%. Menu prices were raised by 1.5% in January and 1.0% in April. Total revenue, operating income, and restaurant-level adjusted EBITDA improved compared to the previous year.

Portillo’s strategy for 2025 includes driving traffic through the launch of “Portillo’s Perks,” advertising beyond Chicagoland, operational improvements, and testing breakfast at select locations. The company plans to open 12 new restaurants this year, focusing on markets with favorable economic conditions and entering new markets like Atlanta and San Antonio.

For fiscal 2025, Portillo’s updated financial targets include 12 new units, 1% to 3% same-restaurant sales growth, and revenue growth of 10% to 12%. Adjusted EBITDA growth is targeted at 5% to 8%, with capital expenditures ranging from $97 to $100 million. The company aims for long-term annual unit growth of 12% to 15% and revenue growth in the mid-teens.



Read more at GlobeNewswire:: Portillo’s Inc. Announces First Quarter Financial Results