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PTLO - Portillo's Q4: Depressed Valuation Continues To Be Buying Opportunity
Portillo's Inc.
2024-03-13 10:58:33 ET
Summary
PTLO's recent business performance has been strong, with revenue growing 24.5% and strong restaurant-level margin expansion.
SSS performance has been positive, driven by better traffic and the launch of the drive-through-only concept.
Unit development is on track, with plans for new openings reducing the risk of missing expectations. Profitability has upside potential if inflation continues to come down.