Portillos Q1 EPS $0.08 Beats $0.06 Estimate, Sales $165.83M Miss $174.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Portillo's (NASDAQ:PTLO) Q1 earnings per share (EPS) of $0.08 exceeded the $0.06 estimate, marking a 900% increase from last year's losses of $(0.01) per share. However, their Q1 sales of $165.83M fell short of the expected $174.20M, despite being a 6.26% increase from the previous year.
May 07, 2024 | 12:07 pm
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Portillo's reported a significant increase in EPS to $0.08, beating estimates, but missed sales forecasts with $165.83M in Q1.
The mixed results with an earnings beat but a miss on sales forecasts could lead to neutral market sentiment in the short term. The significant increase in EPS year-over-year is positive, but failing to meet sales expectations may temper investor enthusiasm.
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