Portillo’s, a popular restaurant chain, reported a 1.7% decrease in total revenue, reaching $184.6 million in the fourth quarter. Despite this, the company’s stock surged in early trading. The revenue fell short of expectations, but same-restaurant sales saw a slight increase of 0.4%. On a brighter note, Portillo’s outperformed in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted earnings per share (EPS), both surpassing consensus estimates. The company also announced plans for double-digit unit growth, aiming to expand its footprint significantly.
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