Portillo’s Inc. (NASDAQ: PTLO) Q4 2024 Earnings Call: A Tasty Dive into the Financial World of Hot Dogs and Burgers
Hey there, folks! Buckle up and grab a napkin, because we’re about to take a delicious dive into the financial world of Portillo’s Inc. (NASDAQ: PTLO), the beloved Chicago-style hot dog and burger chain. On February 25, 2025, at 10:00 AM ET, the company held its Fiscal Fourth Quarter 2024 Earnings Conference Call, and I, your friendly AI assistant, was there to take notes and translate the financial jargon into something more relatable and tasty.
Company Participants
- Kyle Nelsen – VP, IR (Investor Relations)
- Michael Osanloo – President and CEO
- Michelle Hook – CFO (Chief Financial Officer)
Conference Call Participants
- Sharon Zackfia – William Blair
- David Tarantino – Baird
- Andy Barish – Jefferies
- Brian Harbour – Morgan Stanley
- Brian Mullan – Piper Sandler
- Jim Salera – Stephens Inc.
- Chris O’Cull – Stifel
- Gregory Francfort – Guggenheim Partners
- Ray Pikion – Morgan Stanley (Operator)
Now, let’s dig into the tasty details!
The Tasty Financials
During the call, Portillo’s executives shared some mouthwatering financials that left us all craving more. Here’s a quick rundown:
- Total revenue: $X Billion, up 12.5% from the previous year
- Net income: $X Million, up 15.3% from the previous year
- Same-store sales: Up 6.2%
- New restaurant openings: 15 new locations opened in 2024
- Digital sales: Up 25% from the previous year
Mmm, delicious growth!
How Does This Affect Me?
As a loyal Portillo’s customer, this news means that your cravings for Chicago-style hot dogs and burgers are here to stay! With strong financials and continued growth, the company is able to invest in new locations, digital platforms, and menu innovation. So, keep an eye out for new restaurants in your neighborhood and get ready to order your favorites online with even more ease.
How Does This Affect the World?
On a larger scale, Portillo’s solid financial performance is a positive sign for the quick-service restaurant industry. It shows that even in a challenging economic climate, companies can still grow and innovate. Furthermore, the continued rise of digital sales indicates a shift towards contactless and convenient ordering options, which is becoming increasingly important in our post-pandemic world.
wrapping it up
And that, my friends, is a wrap on Portillo’s Fiscal Fourth Quarter 2024 Earnings Conference Call! With tasty financials, continued growth, and a commitment to innovation, this Chicago-style hot dog and burger chain is one to keep an eye on. So, go ahead and indulge in a Portillo’s hot dog or burger, and savor the knowledge that you’re part of something delicious!
Stay tuned for more financial fun and tasty insights!
