Portillo's down after co cuts annual forecasts

Shares of fast casual restaurant chain Portillo's PTLO.O down 7% at $6.06

Co now expects fiscal 2025 same-restaurant sales to decline between 1% and 1.5% vs. previous expectations of 1% to 3% growth

Expects annual revenue between $730 million and $733 million compared to previous expectations of $746.1 million to $760.3 million, while analysts expect $745.5 million

Sees annual adjusted EBITDA to be between $94 million and $98 million vs. estimates of $100.5 million and prior expectations of flat to low-single-digit growth

PTLO is down ~35% YTD, including session moves