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The restaurant chain saw same-store sales drop just as expansion plans kicked into gear.
Portillo's (PTLO -0.33%) has big growth plans as it expands in the Sun Belt. But as those restaurants are built, the company is seeing sales at existing stores slip. Travis Hoium digs into what's going on at Portillo's and in the restaurant industry broadly in 2024.
*Stock prices used were end-of-day prices of Nov. 5, 2024. The video was published on Nov. 5, 2024.
Travis Hoium has positions in Portillo's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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