PTLO Earnings Prediction
The chart below shows how PTLO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PTLO sees a +0.79% change in stock price 10 days leading up to the earnings, and a -4.33% change 10 days following the report. On the earnings day itself, the stock moves by -0.11%. This data can give you a slight idea of what to expect for the next quarter's release.
PTLO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
178.25M
6.86%
-1.99%
Gross Margin
62.38%
-0.95%
0.48%
Operating Margin
8.79%
-0.23%
-10.03%
Net Margin
4.92%
25.51%
4.90%
EPS
0.11
57.14%
10.00%
No Data Available
PTLO Earnings Analysis
Portillo's Inc. Class A Common Stock Corporation (PTLO.O) Earnings Conference Call
Positive
Year-over-Year Revenue Increase: Revenue growth of 6.9% year-over-year, reaching $178.3 million, driven by the opening of new restaurants.
Adjusted EBITDA Increase: Adjusted EBITDA increased by 2.3% to $27.9 million compared to $27.3 million in the same quarter last year.
Strong EBITDA Margins: Restaurant level adjusted EBITDA margins were 23.5% in Q3 2024, demonstrating strong operational efficiency.
Cash Flow Improvement: Cash from operations increased by 34.3% year-over-year to $72 million year-to-date, reflecting robust cash generation capabilities.
Restaurant Expansion Milestone: The company opened its first restaurant in Houston, marking a significant milestone in its expansion strategy.
Negative
Sales Decline Impact: Q3 comparable restaurant sales decreased by 0.9%, resulting in a revenue drop of $1.4 million in the quarter.
EBITDA Margin Decline: The adjusted EBITDA margin decreased to 23.5% in Q3 2024 from 25.1% in Q3 2023, reflecting a decline of 160 basis points year-over-year.
Operating Expenses Increase: Operating expenses increased by $2.5 million or 13.4% in Q3 2024 compared to Q3 2023, primarily driven by the opening of new restaurants and increased repairs and maintenance costs.
Rising Cost Percentage: Food, beverage, and packaging costs as a percentage of revenues increased to 33.7% in Q3 2024 from 33.3% in Q3 2023, primarily due to a 3.6% increase in commodity prices.
Labor Cost Increase: Labor as a percentage of revenues increased to 25.8% in Q3 2024 from 25.5% in Q3 2023, driven by lower transaction volumes and incremental wage increases.
PTLO FAQs
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PTLO Earning Call Sentiment
Portillo's Inc. (PTLO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PTLO.O
-4.4%Positive
The earnings call presents mixed signals. Revenue growth is positive, but same-restaurant sales decreased, and margins declined. The Q&A revealed management's cautious outlook on Q4 and macroeconomic impacts, but also highlighted confidence in new restaurant prototypes and expansion plans. The lack of a share repurchase program and muted advertising results are negatives. Overall, the sentiment is neutral, with no strong catalysts for significant stock price movement in the short term.
