Welcome to our dedicated page for Portillo'S news (Ticker: PTLO), a resource for investors and traders seeking the latest updates and insights on Portillo'S stock.
Portillo's Inc. (NASDAQ: PTLO), the iconic fast-casual restaurant chain renowned for its Chicago-style street food, provides investors and industry observers with timely updates through this dedicated news hub. Track official press releases, financial disclosures, and strategic developments from the company behind legendary hot dogs, Italian beef sandwiches, and multichannel dining experiences.
This resource consolidates Portillo's key announcements, including quarterly earnings, menu innovations, operational expansions, and leadership updates. Investors gain direct access to growth initiatives, while food industry professionals monitor trends in commissary operations and customer engagement strategies.
Content spans regulatory filings, partnership announcements, and culinary developments that reflect Portillo's commitment to quality and nostalgia-driven dining. Bookmark this page for efficient tracking of the company's performance in the competitive fast-casual sector.
Portillo's Inc. (NASDAQ: PTLO) reported a 7% increase in total revenue for Q2 2022, reaching $150.6 million, driven by new restaurant openings and 1.9% same-restaurant sales growth. However, operating income and net income fell by 28.7% and 21.8%, respectively, reflecting rising operating expenses and commodity inflation impacting margins. Despite these challenges, management remains confident in the brand's long-term growth potential, aided by ongoing operational efficiencies and menu price adjustments.
Portillo's Inc. (Nasdaq: PTLO) announced its second quarter 2022 financial results will be reported on August 4, 2022, before market opening. A live webcast will be hosted at 10:00 AM ET, led by CEO Michael Osanloo and CFO Michelle Hook. The event can be accessed on the company's investor relations website, with a telephone option available for listeners. Established in 1963, Portillo's has expanded to over 70 locations, offering Chicago-style food. The company continues to grow its brand and enhance customer engagement through its mobile app and online orders.
Portillo’s (Nasdaq: PTLO) is set to participate in multiple investor conferences from June 1-8, 2022. CEO Michael Osanloo and CFO Michelle Hook will lead virtual meetings at Loop Capital Markets 2022 Investor Conference and a fireside chat at William Blair’s Growth Stock Conference on June 6. They will also host discussions at Baird’s Global Consumer Conference and Piper Sandler’s Year of the Restaurant Industry Summit. The company, established in 1963, now operates 71 restaurants across nine states, specializing in Chicago-style cuisine.
Portillo's has launched a new plant-based hot dog, the Garden Dog, in partnership with Greenleaf Foods, featuring the Field Roast Signature Stadium Dog. This marks Portillo's first venture into plant-based offerings, catering to the growing demand for vegetarian options. The hot dog is topped with classic Chicago-style ingredients on a steamed poppy seed bun. With Americans consuming over 7 billion hot dogs annually, this introduction is timely, reflecting a shift toward healthier eating. The menu item is available at all Portillo's locations nationwide.
Portillo's Inc. (NASDAQ: PTLO) reported a 14.6% increase in total revenue for Q1 2022, reaching $134.5 million. Same-restaurant sales rose 8.2%, driven by a 7.5% increase in average checks. Despite a 37.2% drop in operating income to $6.8 million and a 6.0% decrease in Restaurant-Level Adjusted EBITDA to $28.0 million, net income increased to $0.6 million. The company faced commodity inflation and higher labor costs, but plans menu price increases to maintain growth.
Cartwheel, a delivery management platform, has raised $3 million in seed funding led by Moonshots Capital. This capital will enhance product development, partner integrations, and company expansion. Over the past year, Cartwheel has tripled its customer base, now serving over 8,000 establishments, including top brands like Portillo's and P.F. Chang's. The platform offers a Hybrid Delivery model allowing businesses to manage in-house and outsourced deliveries efficiently. Cartwheel's solutions are designed to optimize delivery management, making it a leader in its field.
Portillo’s Inc. (Nasdaq: PTLO) will release its first quarter 2022 financial results on May 5, 2022, before market opening. A conference call with CEO Michael Osanloo and CFO Michelle Hook will take place at 10:00 AM ET the same day. Interested listeners can participate via phone or through a webcast available on the company’s investor relations site. Founded in 1963, Portillo’s boasts over 70 locations across nine states, famous for Chicago-style food offerings and expanding its catering service, Portillo’s Home Kitchen.
Portillo's Inc. (PTLO) reported fourth quarter and fiscal year 2021 results, highlighting total revenue growth of 17.2% to $138.9 million and 17.5% to $535.0 million, respectively. Same-restaurant sales rose by 10.3% and 10.5%. However, operating income fell to a loss of $22.5 million in Q4 and $30.0 million for the year. Net losses were reported at $33.8 million for Q4 and $13.4 million for the year. The company opened two restaurants in Q4 2021, bringing the total to 69. Anticipated future challenges include commodity cost increases and staffing shortages. Portillo's plans to open seven new locations in 2022.
Portillo’s Inc. (Nasdaq: PTLO) will report its fourth quarter and full year 2021 financial results on March 10, 2022, before market opens. A conference call will be hosted by CEO Michael Osanloo and CFO Michelle Hook at 10:00 AM ET, with a replay available post-call. Portillo’s, founded in 1963, operates 70 locations across nine states, known for its Chicago-style menu and catering services. The webcast will be archived on their website.
