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Portillo's Application Form

Portillo's Application Form

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one of my favorite restaurant stocks Portillo reported its earnings before the market opened on Tuesday results weren't phenomenal same store sales were down a little bit in the quarter that's following actually a really good 2023 so I'm to dig into the numbers today and see exactly what's going on this is a company that I think has a lot of growth potential as it increases the footprint that it has around the country this primarily a Chicago land business that's where they started that's where the vast majority of the restaurants are they're moving now more to the Sun Belt so Texas Arizona they have restaurants in Florida there's a lot of opportunities to expand this business there's only 85 or 90 restaurants so they could potentially 5x maybe even 10x that restaurant base and each one of these restaurants is really profitable but the details within the numbers are really important at least on a quarter to quarter

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