Portillo'S Inc. Stock Price, News & Analysis

Portillo's (NASDAQ: PTLO) reported mixed Q1 2025 financial results. Total revenue increased 6.4% to $176.4 million, driven by new restaurant openings and a 1.8% rise in same-restaurant sales. The company's average check increased 4.9%, offset by a 3.1% decrease in transactions. Operating income grew slightly to $10.4 million, while net income declined 25.3% to $4.0 million. The company faced challenges including 3.4% commodity inflation and increased labor costs. Portillo's updated its fiscal 2025 guidance, projecting 12 new units, 1-3% same-restaurant sales growth, and 10-12% revenue growth. The company plans to expand primarily in the Sunbelt region, with new market entries in Atlanta and San Antonio planned for late 2025.

Portillo's (PTLO) is launching a month-long celebration of Italian Beef Day (May 24) throughout May 2025. The campaign features several key initiatives:

- A buy-one-get-one-free Italian Beef sandwich offer for Portillo's Perks loyalty members

- A specially wrapped CTA Blue Line train featuring Italian Beef branding running from May 5 to June 1

- A social media scavenger hunt across multiple cities including Chicago, Dallas, and Phoenix, offering swag bags with branded merchandise and free sandwich cards

- An exclusive artist series on social media platforms showcasing Italian Beef's influence on art and culture

Portillo's has announced a cooperation agreement with Engaged Capital to strengthen its Board of Directors. The fast-casual restaurant chain, known for Chicago-style favorites, will work with Engaged Capital to identify and appoint a new director with recent restaurant operations experience.

Key highlights of the agreement:

• Board Chair Michael A. Miles Jr. confirmed the company's commitment to driving traffic, improving margins, and delivering strong unit economics
• Engaged Capital's Glenn W. Welling expressed support for Portillo's initiatives to shrink restaurant size, boost same-store sales, and enhance restaurant margins
• The agreement includes standard standstill and voting provisions
• BofA Securities serves as financial advisor, while Sidley Austin acts as legal counsel to Portillo's

This move follows the earlier appointment of Jack Hartung to the Board in January, which was facilitated by Engaged Capital. The agreement details will be filed with the SEC on Form 8-K.

Portillo's (Nasdaq: PTLO), the fast-casual restaurant chain specializing in Chicago-style favorites, has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025, before market opening.

The company will host a live audio webcast at 10:00 AM ET on the same day, featuring President and CEO Michael Osanloo and CFO Michelle Hook. Investors can access the webcast through the company's investor relations website at investors.portillos.com, where a replay will be available afterward.

For those preferring telephone access, the call can be joined at 1 (877) 407-3982 (toll-free) or 1 (201) 493-6780 (international). A telephone replay will be accessible using passcode 13748476.

Portillo's Inc. (NASDAQ: PTLO) has confirmed receiving director nominations from Engaged Capital, for two candidates to be elected to the Company's Board at the 2025 Annual Meeting. The company emphasized its focus on shareholder value creation through various initiatives.

Under Board oversight, Portillo's is implementing several strategic measures including:

• Launch of Portillo's Perks loyalty program
• Installation of kiosks
• Operational enhancements
• Expanded advertising beyond Chicagoland
• Strategic restaurant expansion using smaller Restaurant of the Future (ROTF) format

The company acknowledged ongoing dialogue with Engaged Capital, noting the successful addition of Jack Hartung to its Board through their introduction. Portillo's will provide formal recommendations regarding director nominations in upcoming proxy materials. BofA Securities and Sidley Austin LLP are serving as financial advisor and legal counsel, respectively.

Portillo's (PTLO) has launched 'Portillo's Perks', an innovative app-less loyalty program that integrates directly with customers' digital wallets. The program offers personalized rewards based on visit frequency and ordering habits, starting with a welcome offer of free large French fries.

The program works across all ordering channels including in-restaurant, drive-thru, and Portillo's website, requiring no additional app downloads. Members earn achievement badges like 'First Bite' and 'Top Dog', unlocking rewards such as free menu items, retail merchandise, and personalized offers.

The Chicago-style fast-casual restaurant chain is targeting 1.5-1.7 million membership signups by midsummer 2025. According to CEO Michael Osanloo, the digital wallet approach enables personalized offers while enhancing guest experience.

Portillo's Inc. (NASDAQ: PTLO) has reported its financial results for Q4 and fiscal year 2024. The company showed mixed performance with total revenue decreasing 1.7% to $184.6 million in Q4, but increasing 4.5% to $710.6 million for the full fiscal year.

Q4 same-restaurant sales increased 0.4%, while fiscal year same-restaurant sales decreased 0.6%. The company's net income showed improvement, increasing by $2.8 million to $12.4 million in Q4 and by $10.3 million to $35.1 million for the full year.

In fiscal 2024, Portillo's opened 10 new restaurants across Arizona, Florida, Illinois, Michigan, and Texas markets, bringing its total to 94 locations. The company plans to open 12 new restaurants in fiscal 2025, focusing on markets outside Chicagoland with favorable economic conditions, particularly in the Sunbelt region and Texas, with plans to enter the Atlanta market.

To address inflationary pressures, Portillo's implemented several menu price increases throughout 2024, including a 1.5% increase in January, another 1.5% in March, and 1.0% in June, followed by an additional 1.5% increase in January 2025.

Portillo's (Nasdaq: PTLO), a fast-casual restaurant chain specializing in Chicago-style favorites, has scheduled its fourth quarter 2024 financial results announcement for Tuesday, February 25, 2025, before market opening. The company will host a live audio webcast at 10:00 AM ET on the same day, featuring President and CEO Michael Osanloo and CFO Michelle Hook.

The webcast will be accessible through the company's investor relations website at investors.portillos.com, with a replay available afterward. Investors can also participate via telephone by dialing 1 (877) 407-3982 (toll-free) or 1 (201) 493-6780 (international). A telephone replay will be available using passcode 13741636.

Portillo's (NASDAQ: PTLO), a fast-casual restaurant known for Chicago-style favorites, announced the appointment of Jack Hartung to its Board of Directors, effective immediately. Hartung, currently President and Chief Strategy Officer at Chipotle, brings extensive experience in the fast-casual dining sector. He played a pivotal role at Chipotle, serving as CFO for 22 years and helping guide the company through its 2006 IPO and subsequent growth from under 500 to over 3,600 locations, delivering a 60x return to shareholders.

Prior to Chipotle, Hartung held various management positions at McDonald's , ultimately serving as VP and CFO of its Partner Brands Group. He also serves on the Boards of The Honest Company and Zocdoc. Hartung expressed admiration for Portillo's transformation from a Chicago icon to a national brand, emphasizing his commitment to maintaining high standards and unique culture.

With his addition, Portillo’s Board now comprises eight directors, seven of whom are independent. The company believes Hartung’s expertise will be invaluable as they accelerate growth in new markets across the country.