BUZZ-Portillo's rises on upbeat annual core profit forecast fueled by higher menu prices
ReutersFeb 25, 2025 3:09 PM
Updates
Shares of fast casual restaurant chain Portillo's PTLO.O up as much as 12.7% at $15.30 in early trading
Company forecasts annual core profit largely above analysts' expectation, betting on benefits from higher menu prices
Company expects annual adjusted EBITDA growth between 6% and 8%, compared with analysts' estimate of 6.4% growth - data compiled by LSEG
Reports Q4 adjusted EBITDA of $25.2 million, above the estimate of $21 million
Forecasts annual revenue growth of 11% to 12% compared with the estimate of 11.4% increase
Posts a surprise 0.4% rise in quarterly same-restaurant sales, compared with the estimate of a 0.3% decline
PTLO fell 41% in 2024
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