$Portillo’s Inc. (PTLO.US)$ Financial Highlights for the Third Quarter 2024 vs. Third Quarter 2023: • Total revenue increased 6.9% or $11.4 million to $178.3 million; • Same-restaurant sales* decreased 0.9%; • Operating income increased $0.9 million to $16.0 million; • Net income increased $2.2 million to $8.8 million; • Restaurant-Level Adjusted EBITDA** increased $0.1 million to $41.9 million; and • Adjusted EBITDA** increased $0.6 million to $27.9 million.
Despite the low ROE, Portillo's has some positive aspects to its business. The high rate of reinvestment has contributed to the growth in its earnings. Analyst estimates suggest that the company's earnings are expected to gain momentum in the future.
Mind blowing stats: - 560k sqft of retail and 1.3m sqft of warehouse space - Warren Buffett bought a majority stake in 1983 on a handshake deal for $60M - Their motto? “Sell cheap and tell the truth.” - Sits on 100+ acres. - Buffett predicted that this location would do $1B in sales. Sounds like he was being conservative! - 200k people and $120k average income within 5 miles. - “Grandscape” is a 400 acre mixed use...
Despite 9 out of 11 sell-side firms recommending a Buy or higher for Portillo's stock, Seeking Alpha's Taylor Dart expressed caution in November. The restaurant stock has seen a 36% drop in the last six months.
Portillo's stock may be overvalued despite its promising outlook. The analysis suggests it's not the optimal time to invest, and recommends deeper evaluation for potential price drops and profit maximization.
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This section presents the top 5 stocks in U.S. Crypto Concept Stocks, ranked from highest to lowest based on real-time market data.
Portillo’s Inc. Stock Forum
Financial Highlights for the Third Quarter 2024 vs. Third Quarter 2023:
• Total revenue increased 6.9% or $11.4 million to $178.3 million;
• Same-restaurant sales* decreased 0.9%;
• Operating income increased $0.9 million to $16.0 million;
• Net income increased $2.2 million to $8.8 million;
• Restaurant-Level Adjusted EBITDA** increased $0.1 million to $41.9 million; and
• Adjusted EBITDA** increased $0.6 million to $27.9 million.
$Nextracker (NXT.US)$ : “I think Nextracker is terrific.”
$Micron Technology (MU.US)$ : “I think Micron’s going much higher.”
$ConocoPhillips (COP.US)$ : “If you have to own and oil company, I say you own ConocoPhillips.”
$Chevron (CVX.US)$ : “I like Chevron because you’ve got a 4% yield.”
$Blackrock (BLK.US)$ : “I like ...
- 560k sqft of retail and 1.3m sqft of warehouse space
- Warren Buffett bought a majority stake in 1983 on a handshake deal for $60M
- Their motto? “Sell cheap and tell the truth.”
- Sits on 100+ acres.
- Buffett predicted that this location would do $1B in sales. Sounds like he was being conservative!
- 200k people and $120k average income within 5 miles.
- “Grandscape” is a 400 acre mixed use...
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