Portillo's is an iconic midwestern fast casual chain founded more than 60 years ago. It has a differentiated menu anchored by Italian beef sandwiches, hot dogs and milkshakes. The company was acquired by private equity firm Berkshire Partners in 2014 from the founder for approximately $1 billion. Berkshire took it public in October 2021 at $20 per share, and the stock soared to $54.22 per share about a month later. Since then, Berkshire has been selling its position down from 66% to 19% while the stock has ...

Strategic Kiosk Rollout, in Partnership with Bite, Will Facilitate Faster Ordering, Shorter Lines, and Visual Menu Exploration to Enhance Guest,Team Member Experience CHICAGO, Aug. 6, 2024 /PRNewswire/ -- Portillo's Inc. (NASDAQ: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it is piloting kiosks in select restaurants. This strategic test represents a step forward in Portillo's ongoing commitment to embracing technology that will enhance the gu ...

Portillo’s Inc. (NASDAQ:PTLO) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Barbara Noverini – Director-Investor Relations Michael Osanloo – President and Chief Executive Officer Michelle Hook – Chief Financial Officer Conference Call Participants Sara Senatore – Bank of America Chris O’Cull – Stifel David Tarantino – Baird Brian Mullan – Piper Sandler Andy Barish – Jefferies Matt Curtis – William Blair Brian Harbour – Morgan Stanley Jim Salera – Stephens Inc. Dennis Geige ...

| --- | --- | --- | --- | --- | |-------|-------|--------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | il 1290 e B | | | | | | Second Quarter Earnings Supplemental | | | | | | | | | CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS & NON-GAAP MEASURES This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). All statements other than statements of historical fact ...

Portillo's Inc. (PTLO) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -9.09%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.08, delivering a surprise of 60%. Over the last four quarters, the company h ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10- Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-40951 PORTILLO'S INC. (Exact name of registrant as specified in its charter) Delaware 87-1104304 (State or other jurisdiction of incorporatio ...

Portillo's Inc. Announces Second Quarter 2024 Financial Results Chicago, IL— August 6, 2024—Portillo's Inc. ("Portillo's" or the "Company") (NASDAQ: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the second quarter ended June 30, 2024. Michael Osanloo, President and Chief Executive Officer of Portillo's, said, "We delivered sequential improvement in both revenue and margin this quarter as we continued to prioritize sales and tran ...

Investors may also listen via telephone by dialing 1 (877) 407-3982 (toll-free) or 1 (201) 493-6780 (international). A telephone replay will be available shortly after the call concludes and can be accessed by dialing 1 (412) 317-6671; the passcode is 13741635. About Portillo's In 1963, Dick Portillo invested $1,100 into a small trailer to open the first Portillo's hot dog stand in Villa Park, IL, which he called "The Dog House." Years later, Portillo's (NASDAQ: PTLO) has grown to more than 85 restaurants a ...

Portillo's (NASDAQ:PTLO) shares have fallen 40% year-to-date and are now off 55% over the past year. Investors have fled the stock following a disappointing first quarter earnings report, concern over consumer spending, and persistent selling by private equity firm Berkshire Partners (not affiliated with Berkshire Hathaway) since the IPO. While 1Q numbers weren't great, at today's price, I see little fundamental downside in Portillo's shares (discussed below) and think investors are overlooking some importa ...

CHICAGO, June 25, 2024 /PRNewswire/ -- The Chicago chapter of NIRI, The Association for Investor Relations (NIRI Chicago), has elected 11 officers and directors to its board for the 2024-2025 term, effective July 1. Officers Vice President, Membership: Victor J. Jendras, director of sales, Morrow Sodali. Jendras previously served as NIRI Chicago's chair, president, executive vice president and vice president of programs. Vice President, Communications: Maryellen T. Thielen, APR, ABC, president, Forest Glen ...