Portillo's

Portillo's Hot Dogs, Inc. operates a chain of restaurants. The Company offers beef, fresh pasta trays, gourmet salads, pastas, sandwiches, and burgers, as well as provides catering services, hosts events and parties. Portillo's Hot Dogs serves customers in the United States.

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Portillo's reports robust Q4 earnings, eyes strategic expansion opportunities

Portillo's demonstrated strong financial performance in Q4 2022 and fiscal year 2022, with plans for strategic expansion in the Sunbelt region.
While facing challenges such as cost inflation and permitting delays, the company is focused on operational improvements and efficiency.
Opportunities lie in capitalizing on the growth of delivery services, expanding margins through pricing adjustments, and exploring capital return options.
Overall, Portillo's is well-positioned to navigate challenges and leverage strengths for continued growth and profitability.

Portillo's reports strong Q1 growth, eyes national expansion strategy

Portillo's Q1 2023 reflects robust financial performance, strategic expansion plans, and proactive cost management strategies amidst industry challenges.
The company's focus on guest experience, pricing power, and operational efficiency underpins its growth trajectory and resilience in a competitive market landscape.
With a strong foundation in place and a clear roadmap for growth, Portillo's is poised to capitalize on opportunities and navigate challenges to drive long-term value for stakeholders.

Portillo's excels in Q2, eyes expansion amid inflation challenges

Portillo's demonstrated robust financial performance and strategic focus on growth, quality, and operational efficiency in Q2 2023.
While facing challenges such as wage pressures and inflation, the company is well-positioned to capitalize on expansion opportunities and drive profitability.
Strategic pricing, market expansion, and operational enhancements are key areas for Portillo's to sustain growth and navigate industry challenges effectively.

Portillo's excels in Q3 with strong sales growth and margin expansion

Portillo's delivered robust Q3 performance with strong sales growth and margin expansion, driven by operational excellence and new restaurant contributions. While facing margin pressures and cost challenges, the company remains focused on sustainable growth through strategic investments and operational efficiencies.

Portillo's reports robust Q4 earnings, eyes Texas and Florida expansion

Portillo's delivered strong financial performance in Q4 2023 and fiscal year 2023, driven by revenue growth, operational improvements, and strategic initiatives. The company's focus on innovation, expansion, and margin enhancement positions it well for future growth. Challenges lie in maintaining growth momentum amidst competition, but opportunities in new markets and operational enhancements provide avenues for sustained success.

Portillo's reports solid Q1 performance amidst margin challenges

Portillo's Q1 2024 performance showcased sales growth and strong margins, with pricing actions to combat inflation.
The company's strengths include operational excellence, cost management, and strategic growth initiatives.
Challenges include margin pressures from new restaurants and inflation, countered by growth opportunities in marketing and operations.
Overall, Portillo's is focused on driving growth through operational efficiencies and strategic initiatives in 2024.

Portillo's reports Q2 growth despite challenges, focuses on innovation

Portillo's Q2 results showed improvement from Q1, with total sales growing 7.5% and restaurant-level margins at 24.5%. Despite challenges like declining same-restaurant sales and inflationary pressures, the company remains focused on operational efficiency and growth strategies.
The company's performance was bolstered by revenue growth from new restaurant openings, a 33% increase in cash from operations, and a commitment to enhancing guest experience. Portillo's strengths lie in its operational improvements, innovation, and marketing efforts, while challenges include managing inflationary pressures and maintaining profitability.
Opportunities for Portillo's include further expansion through new restaurant openings, enhancing team care initiatives, and leveraging successful market performance in Dallas and Houston. By prioritizing guest satisfaction, operational excellence, and employee development, the company can navigate challenges and capitalize on growth prospects.

Portillo's reports 7% revenue growth amidst industry challenges and opportunities

Portillo's Q3 2024 performance showcased revenue growth and a focus on financial discipline.
The company faces challenges from industry price wars and cost increases in operations.
Opportunities for growth include strategic marketing, technology innovation, and operational efficiency.
Maintaining brand value and profitability while navigating market challenges is key for Portillo's.

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Portillo's, Inc. serves street food through high-energy, multichannel restaurants designed to ignite the senses and create a memorable dining experience. The company was founded on June 8, 2021 and is headquartered in Oak Brook, IL.

CHICAGO, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Portillo's (NASDAQ: PTLO), the fast-casual restaurant concept known for its menu of unrivaled Chicago street food, today announced that it has been named to QSR Magazine's inaugural Best Brands to Work For list. Dedicated to restaurant operators, the new report recognizes the companies that are leading the industry as employers of choice. Portillo's was also featured as the cover story of the November Best Brands to Work For print issue.

Portillo's Named A 2022 Best Brand to Work For by QSR Magazine

CHICAGO, Nov. 03, 2022 (GLOBE NEWSWIRE) -- 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 third quarter ended September 25, 2022.

Portillo's Inc. Announces Third Quarter 2022 Financial Results

Portillo's Inc. (PTLO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Portillo's Inc. (PTLO) Earnings Expected to Grow: Should You Buy?

The mean of analysts' price targets for Portillo's Inc. (PTLO) points to an 81.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Portillo's Inc. (PTLO) Could Rally 82%: Here's is How to Trade

PTLO is still a relatively small brand in the US fast-food industry, which means it has a long runway of growth ahead. PTLO has an omnichannel sales strategy that well positions itself for growth.

Portillo's: Long Runway Of Growth In A Big TAM

OAK BROOK, Ill., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Portillo's Inc. (“Portillo's”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it will be reporting third quarter 2022 financial results on November 3, 2022 before the market opens.

Portillo's Inc. to Announce Third Quarter 2022 Results on Thursday, November 3, 2022

Lou Malnati's and Portillo's are offering the limited-time Italian Beef Deep Dish Pizza exclusively through the Tastes of Chicago website. The site enables the brands to expand their presence nationwide as they both look to grow their brick-and-mortar footprints.

Chicago's Iconic Lou Malnati's And Portillo's Team Up For A Pizza Available Exclusively Online

OAK BROOK, Ill., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Portillo's Inc. (“Portillo's”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the partial exercise of the underwriters' over-allotment option related to the previously-disclosed synthetic secondary offering announced on August 8, 2022 and closed on August 16, 2022. At close of the 30-day option period, the underwriters elected to purchase an additional 66,458 of Portillo's Class A common stock at the public offering price of $23.75. Following the partial option exercise, the total number of Class A shares sold by the Company in the synthetic secondary offering increased to 8,066,458.

Portillo's Inc. Announces Partial Exercise and Closing of Underwriters' Over-Allotment Option in Previously-Disclosed Synthetic Secondary Offering

Portillo's Inc. is a nascent public company renowned for its Chicago-style hot dogs and sandwiches as a chain with 70 locations and growing. The company went public in the last throes of the pandemic but manages to grow sales, keep employees, and enhance its reputation for quality and service.

Portillo's Will Do Better As It Grows

Esteemed industry veteran brings 30 years of restaurant development experience to the Chicagoland fast-casual favorite Esteemed industry veteran brings 30 years of restaurant development experience to the Chicagoland fast-casual favorite

Portillo's Appoints Mike Ellis As Chief Development Officer

CHICAGO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Portillo's Inc. (“Portillo's”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the pricing of an underwritten public offering of 8,000,000 shares of its Class A common stock at a price to the public of $23.75 per share. The underwriters have a 30-day option to purchase up to an additional 1,200,000 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions.

Portillo's Inc. Announces Pricing of Public Follow-on Offering of 8,000,000 Shares of Class A Common Stock in “Synthetic Secondary” Transaction

F2Q2022 revenues of ~$151 million missed analysts' estimates by ~$1 million. Earnings per share of $0.13 beat consensus projections by $0.06.

Portillo's: Second Quarter Sales Outperformance Solidify Strong Long-Term Growth Thesis

CHICAGO, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Portillo's Inc. (“Portillo's”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it will commence an underwritten public offering of 8,000,000 shares of its Class A common stock. In connection with the offering, Portillo's intends to grant the underwriters a 30-day option to purchase up to 1,200,000 additional shares of its Class A common stock. The proposed offering is subject to market and other conditions, and there can be no assurances as to whether or when the proposed offering may be completed, or as to the actual size, price range or terms of the proposed offering.

Portillo's Inc. Announces Launch of Proposed Public Follow-on Offering of Common Stock in “Synthetic Secondary” Transaction

Portillo's Inc. (NASDAQ:PTLO ) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Barbara Noverini - Investor Relations Michael Osanloo - President and Chief Executive Officer Michelle Hook - Chief Financial Officer Conference Call Participants David Tarantino - Baird Sharon Zackfia - William Blair John Glass - Morgan Stanley Nicole Miller - Piper Sandler Andy Barish - Jefferies Sara Senatore - Bank of America Chris O'Cull - Stifel Gregory Francfort - Guggenheim Securities Operator Greetings and welcome to the Portillo's Second Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Portillo's Inc. (PTLO) CEO Michael Osanloo on Q2 2022 Results - Earnings Call Transcript

CHICAGO, Aug. 04, 2022 (GLOBE NEWSWIRE) -- 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 26, 2022.

Portillo's Inc. Announces Second Quarter 2022 Financial Results

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Restaurant stocks like ARCO, PTLO and PBPB are likely to benefit from sturdy off-premise sales, sales-building initiatives and digital initiatives.

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The average of price targets set by Wall Street analysts indicates a potential upside of 75% in Portillo's Inc. (PTLO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Portillo's Inc. (PTLO) Could Rally 75%: Here's is How to Trade

From July 18-24, customers can enjoy free delivery on all orders of $10 or more when they order online at Portillos.com; plus, enter for the chance to win a pair of limited-edition Crocs Classic Clogs From July 18-24, customers can enjoy free delivery on all orders of $10 or more when they order online at Portillos.com; plus, enter for the chance to win a pair of limited-edition Crocs Classic Clogs

Portillo's Celebrates National Hot Dog Week with Free Delivery and Crocs Giveaway

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CHICAGO, July 01, 2022 (GLOBE NEWSWIRE) -- Portillo's Inc. (“Portillo's”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it will be reporting second quarter 2022 financial results on Thursday, August 4, 2022 before the market opens.

Portillo's Inc. to Announce Second Quarter 2022 Results on Thursday, August 4, 2022

CHICAGO--(BUSINESS WIRE)--Hot dog lovers are finally getting a plant-based version of the iconic Chicago-style dog. Greenleaf Foods, SPC, owner of leading plant-based brand Field Roast™, announced today a partnership with hot dog institution and fast-casual chain Portillo's (NASDAQ:PTLO). Serving Chicago-style hot dogs for 59 years, Portillo's is proving that you can ‘teach an old dog new tricks' by introducing its first-ever plant-based hot dog. Now available at restaurants nationwide, the new

Portillo's and Field Roast Team up to ‘Teach an Old Dog New Tricks' With Portillo's First Plant-Based Hot Dog

In test markets, 86% of consumers who tried Portillo's new Garden Dog plan to buy it again, and sales of the product have grown week over week. The Garden Dog is available permanently across the system beginning May 17.

Portillo's Launches Its First-Ever Plant-Based Hot Dog

F1Q2022 revenues of ~$134 million missed analysts estimates by ~$1 million. Break-even earnings per share beat consensus projections by $0.03.

Portillo's: Significant First Quarter Sales Growth Solidifies Long-Term Outperformance Thesis

Portillo's Inc. (NASDAQ:PTLO ) Q1 2022 Results Conference Call May 5, 2022 10:00 AM ET Company Participants Barbara Noverini - Director of Investor Relations Michael Osanloo - President & Chief Executive Officer Michelle Hook - Chief Financial Officer Conference Call Participants John Glass - Morgan Stanley Nicole Miller - Piper Sandler David Tarantino - Baird Sara Senatore - Bank of America Andy Barish - Jefferies Chris O'Cull - Stifel Sharon Zackfia - William Blair Dennis Geiger - UBS Gregory Francfort - Guggenheim Securities Operator Hello, and thank you for standing by. Welcome to Portillo's Fiscal First Quarter 2022 Conference Call and Webcast.

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