By Daniella Parra
Portillo’s Inc. (NASDAQ: PTLO) said revenue increased 12.3% to $169.2 million in the second quarter and the company expects to open eight to nine locations by the end of the year.
Portillo’s delivered another quarter of double-digit revenue and restaurant-level EBITDA growth, increasing $4.3 million to $42.7 million with same-restaurant sales up nearly 6% in the second quarter, it said in a statement.
Adjusted EBITDA increased $1.6 million to $29.2 million and net income decreased $0.9 million to $9.9 million, it said.
“Our restaurants are fully-staffed, and we empower our Team Members to prioritize the guest experience by serving delicious, high-quality food in an engaging environment at a great price point,” said CEO Michael Osanloo. “This creates a consistently outstanding experience for both our Team Members and guests.”