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via finance.yahoo.comBusiness & Companies

Portillo's shares up 20% after results and raised 2026 outlook

FROM THE WIRE · FINANCE.YAHOO.COM

By Karen Roman Portillo's Inc. (Nasdaq: PTLO) said third quarter total revenue was up 7% to $194.1 million compared to the year prior, due to seven new restaurant openings and higher same-restaurant sales, with the latter increasing 1.4%. Net income was $4.8 million rising $4…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe raised guidance and revenue growth explain the strong move in the share price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter revenue rose 7% to $194.1 million.
  2. 02Adjusted EBITDA grew 23.7% to $26.5 million.
  3. 03The 2026 adjusted EBITDA guidance was raised to $98-101 million.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Portillo's Inc.PTLOStock6.34 USD-5.58%today +16.42%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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