Portillos Stock News

The restaurant chain saw same-store sales drop just as expansion plans kicked into gear.

Portillo's Inc. (NASDAQ:PTLO ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Kyle Nelsen – Vice President, Investor Relations Michael Osanloo – President and Chief Executive Officer Michelle Hook – Chief Financial Officer Conference Call Participants Sharon Zackfia - William Blair David Tarantino – Baird Jim Salera – Stephens Inc. Brian Harbour – Morgan Stan...

CHICAGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. (“Portillo's” or the “Company”) (NASDAQ: PTLO), the restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the third quarter ended September 29, 2024.

I recommend buying Portillo's stock due to its potential for a turnaround, driven by strategic expansion and improved margins despite recent poor performance. Portillo's plans to build out smaller store footprints to enhance profitability, and expand its store count by 10%+ annually. Despite a slowdown in same-store sales, Portillo's maintains strong operating metrics with high average unit vol...

OAK BROOK, Ill., Oct. 08, 2024 (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 report third quarter 2024 financial results on Tuesday, November 5, 2024, before the market opens.

Available for a limited time, the irresistibly rich Portillo's Chocolate Cake Cookie gives fans of the iconic chocolate cake the chance to savor its decadence in a legendary limited-time Milk Bar cookie - created in partnership with renowned Milk Bar founder, Chef Christina Tosi, and in celebration of the bakery's upcoming Chicago location Available for a limited time, the irresistibly rich Por...

Portillo's, a Midwest-based restaurant chain, is expanding nationally with a focus on regions with favorable demographics, particularly the Sunbelt. The company boasts high Average Unit Volumes and profitability. Portillo's aims to grow its restaurant count by 12%-15% annually, leveraging its proven unit economic model in markets outside Chicagoland.

Portillo's stock has performed poorly after the 2021 IPO as the significant, healthily performing expansion efforts have been capital heavy, causing high debt and dilution. Activist investor firm Engaged Capital, known for previous successful involvement in the restaurant industry, has taken a stake in Portillo's to turn the expansion strategy more agile. With more agile expansion, the stock co...