Why Portillo's (PTLO) Shares are Down 18% Today

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/21/2026

1. SPCX
2. NVDA
3. NFLX
4. ISRG
5. TSLA
6. META
7. SMCI
8. RTX
9. S
10. COF

Go back to Why Portillo's (PTLO) Shares are Down 18% Today

Portillo’s Inc Announces Third Quarter 2021 Financial Results

November 18, 2021 8:01 AM EST

CHICAGO, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Portillos Inc. (Portillos or the Company) (NASDAQ: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the third quarter ended September 26, 2021.

Financial Highlights for the third quarter ended September 26, 2021 vs. Prior Year period:

Total revenue increased 15.3% to $138.0 millionSame-restaurant sales increased 6.8%Operating income decreased 8.8% to $17.2 millionNet income decreased 19.4% to $6.5 millionAdjusted EBITDA* decreased 8.4% to $24.2 millionRestaurant-Level Adjusted EBITDA* decreased 1.1% to $34.2 millionCash and cash equivalents on hand were $49.4 million... More