Portillo’s Inc. Announces First Quarter Financial Results

About this update from Portillo's Inc.

[{"type":"image","alt":"Portillo’s Inc.","displaySize":"","headline":null,"caption":"Portillo’s Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":67,"url":"https://media.zenfs.com/en/globenewswire.com/3ab43041ed7972c0bbc5b5b3fb5f181e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/83gCE7Ipus_vZwPXj6g6rQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk0O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/3ab43041ed7972c0bbc5b5b3fb5f181e","width":300,"height":67}},"lazy":false},{"type":"text","content":"CHICAGO, May 06, 2025 (GLOBE NEWSWIRE) -- Portillo’s Inc. (“Portillo’s” or the “Company”) (NASDAQ: PTLO), the restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the first quarter ended March 30, 2025.","length":252,"tagName":"p"},{"type":"text","content":"Financial Highlights for the First Quarter 2025 vs. First Quarter 2024:","length":71,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue increased 6.4% or $10.6 million to $176.4 million;","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Same-restaurant sales increased 1.8%;","length":37,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income increased $0.3 million to $10.4 million;","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income decreased $1.4 million to $4.0 million;","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"Restaurant-Level Adjusted EBITDA(1) increased $0.3 million to $36.7 million; and","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA(1) decreased $0.6 million to $21.2 million.","length":59,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":347,"olType":false},{"type":"text","content":"(1) Adjusted EBITDA and Restaurant-Level Adjusted EBITDA are non-GAAP measures. Please see definitions and the reconciliations of these non-GAAP measures accompanying this release.","length":180,"tagName":"p"},{"type":"text","content":"“We’re proud of how our team performed through challenging macro conditions in Q1, driven by the launch of Portillo’s Perks and our marketing efforts,” said Michael Osanloo, President and Chief Executive Officer of Portillo’s. “As we head into Q2, we’re carrying momentum and remain confident in our ability to drive traffic and build sales thro...

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