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Portillo's shares rose 17% due to better-than-expected 2023 financial results, including 15.8% revenue growth to $679.9m and increased operating income.
Portillo's shares rose 17% on Tuesday after the restaurant chain reported better-than-expected financial results for 2023, with revenue increasing 15.8% to $679.9m and operating income rising $14.2m to $55.4m.
The company opened 12 new locations in 2023 and aims to open at least nine more in 2024, representing about 11% growth.
Portillo's also saw strong consumer demand, with menu prices up 6% year over year and transactions up by 1.3%.
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Las acciones de Portillo subieron un 17 % debido a unos resultados financieros de 2023 mejores de lo esperado, incluido un crecimiento de los ingresos del 15,8 % hasta 679,9 millones de dólares y un aumento de los ingresos operativos.