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The Shocking Truth Behind Portillo's Disappointing Earnings Report

The restaurant chain saw same-store sales drop just as expansion plans kicked into gear.

By Travis Hoium – Nov 6, 2024 at 12:34PM EST

Portillo's (PTLO 6.17%) has big growth plans as it expands in the Sun Belt. But as those restaurants are built, the company is seeing sales at existing stores slip. Travis Hoium digs into what's going on at Portillo's and in the restaurant industry broadly in 2024.

*Stock prices used were end-of-day prices of Nov. 5, 2024. The video was published on Nov. 5, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Portillo's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Portillo's Stock Quote
Portillo's
NASDAQ: PTLO
$4.49
(-6.17%)-$0.30

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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