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PTLO - Why Portillo's Stock Was Pulling Back Today
Portillo's Inc.
2023-08-03 15:40:16 ET
Shares of Portillo's (NASDAQ: PTLO) were sliding today after the Chicago-style fast-casual restaurant chain posted second-quarter results that were slightly below analyst estimates.
As of 2:40 p.m. ET, the stock was down 13.1% on the news.
Portillo's said same-store sales were up 5.9% in the quarter, driving overall revenue up 12.3% to $169.2 million, which was just shy of the analyst consensus at $169.6 million.