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) is a fast-casual restaurant concept in the limited-service restaurants industry, known for its Chicago-style favorites and experience-focused destinations. This news page aggregates coverage of Portillo’s announcements, giving investors and followers a single place to review the company’s latest public communications.
Readers can find updates on restaurant development and growth, including new openings, restaurant count milestones and changes in restaurant formats such as the company’s "Restaurant of the Future" design and in-line locations described in its third quarter 2025 financial results release. The news flow also includes strategic business updates, such as Portillo’s 2025 announcement of a strategic reset of its development plans to sharpen focus on core markets, simplify operations and moderate the pace of new restaurant growth.
Portillo’s news also highlights menu innovation and promotions. Recent releases have detailed limited-time offers like the BIG Burger Bundle, collaboration meals such as the DJ Moore meal, new sauces like "Comeback Sauce," seasonal promotions under the "Season of Surprises" campaign and secret menu items for Portillo’s Perks loyalty members, including Chili Cheese Fries and a Triple Cheeseburger accessible via digital kiosks.
Corporate governance and leadership changes are another key theme. News items document the appointment of an Interim Chief Executive Officer, the departure of the prior CEO, the planned departure of the Chief Development Officer and the hiring of a new Chief Marketing Officer, along with participation in investor conferences and earnings webcasts.
By reviewing this page, users can follow how Portillo’s communicates about its brand, menu, loyalty program, restaurant expansion, leadership team and financial updates over time.
Portillo’s (NASDAQ: PTLO) reported third quarter 2025 results for the quarter ended September 28, 2025. Total revenue was $181.4M (+1.8% vs. Q3 2024). Same-restaurant sales declined 0.8%. Operating income fell to $5.4M (down 66.0%) and net income was $0.8M (down 91.1%). Restaurant-Level Adjusted EBITDA was $36.7M (-12.5%) and Adjusted EBITDA was $21.4M (-23.4%).
Company opened four restaurants in Q3 and 99 restaurants in total at filing; plans eight new units for fiscal 2025 with targets: revenue $730–$733M, Adjusted EBITDA $90–$94M, and capex $97–$100M.
Portillo’s (NASDAQ: PTLO) announced its Q3 2025 earnings webcast scheduled for Tuesday, November 4, 2025 at 10:00 a.m. ET. The live webcast will be available at investors.portillos.com and will be archived for replay.
The company said the Q3 2025 earnings release will be issued before market open on November 4. Media and investor contacts listed include Chris Brandon, Vice President of Investor Relations, and Sara Wirth, Director of PR & Communications.
Portillo’s operates over 90 restaurants across 10 states and will use the webcast to present its quarterly results and business update.
Portillo's (NASDAQ: PTLO) announced an immediate leadership transition, with Board Chairman Michael A. Miles, Jr. appointed as Interim CEO, replacing Michael Osanloo who has departed as President and CEO. Miles brings significant industry experience, having previously served as President and COO of Staples and COO of Pizza Hut.
The company has formed a Search Committee to identify a permanent CEO, while Eugene I. Lee, Jr. has been appointed as Lead Independent Director. Osanloo will remain as Special Advisor for 90 days to support the transition. The change comes as the Board acknowledges that recent company performance has not met expectations.
Portillo's (NASDAQ: PTLO) announced a strategic reset of its growth and development plans, focusing on core markets and unit economics. The company provided an updated business outlook, projecting same-restaurant sales decline of (2.0%) to (2.5%) for Q3 2025.
The company revised its fiscal 2025 targets, reducing new unit openings from 12 to 8, updating same-restaurant sales guidance to (1%) to (1.5%), and projecting revenues of $730-733 million. Restaurant-level adjusted EBITDA margin is expected at 21.0% to 21.5%, with adjusted EBITDA of $94-98 million.
For fiscal 2026, Portillo's plans to open 8 new restaurants, including its first airport location at DFW, with projected net build costs averaging below $5 million per unit.
Portillo's (NASDAQ: PTLO), the Chicago-based restaurant chain known for its Italian beef sandwiches and hot dogs, has announced its participation in the upcoming Piper Sandler Growth Frontiers Conference. President and CEO Michael Osanloo and CFO Michelle Hook will engage in a fireside chat and Q&A session with Piper Sandler Restaurant Analyst Brian Mullan on Wednesday, September 10 at 4:30 p.m. EDT.
The event will be accessible via live webcast on investors.portillos.com and will be archived for later viewing. Portillo's currently operates over 90 restaurants across 10 states, having grown from a single hot dog trailer in Chicago.
Portillo's (NASDAQ: PTLO), the Chicago-style restaurant chain, has appointed Denise Lauer as Chief Marketing Officer, effective September 22, 2025. Lauer joins from Marco's Pizza, where she served as CMO and led significant growth initiatives for the 1,200-location pizza chain.
With over 20 years of experience in food service and CPG marketing, Lauer's achievements at Marco's Pizza included developing a multi-year innovation pipeline, creating a successful value platform, and driving digital transformation. Her previous roles include CMO positions at Informed Insurance and Morton Salt, along with leadership positions at PepsiCo's Quaker Foods and FedEx.
Portillo's (NASDAQ:PTLO) has unveiled a secret menu exclusively for Portillo's Perks loyalty program members, introducing two new items available through digital order kiosks at restaurants nationwide. The hidden menu features Chili Cheese Fries - crinkle-cut fries topped with cheddar cheese sauce and chili with beans, and a Triple Cheeseburger - featuring three 1/3-pound char-broiled beef patties with classic toppings.
To access these secret menu items, customers must be Portillo's Perks members and locate the hidden menu section on in-restaurant order kiosks. The company hints that more secret menu items will be added in the future. Customers can join the loyalty program by signing up at Portillos.com/perks.
Portillo's (NASDAQ: PTLO) reported Q2 2025 financial results with total revenue of $188.5 million, up 3.6% year-over-year. The company achieved a same-restaurant sales increase of 0.7%, driven by a 2.1% higher average check but offset by a 1.4% decrease in transactions.
Net income reached $10.0 million, increasing 17.7% from Q2 2024, while operating income decreased 3.2% to $17.5 million. The company maintained 75 restaurants in its Comparable Restaurant Base and plans to open 12 new restaurants in the second half of 2025, focusing on Sunbelt expansion.
Management updated fiscal 2025 guidance, reducing revenue growth expectations to 5-7% from previous 10-12%, and adjusted EBITDA growth forecast to flat to low single-digits from the previous 5-8% target.
Portillo's (NYSE:PTLO) is launching a week-long celebration for National Hot Dog Day (July 16, 2025) with several promotional initiatives. The campaign includes a special $1 hot dog offer for Perks members from July 14-20 with a minimum $5 purchase.
Key collaborations include a partnership with Lou Malnati's to create a limited-edition Chicago-style Hot Dog Deep Dish pizza, available at 21 dine-in locations, and a collaboration with Local Style Chips to produce Chicago-Style Hot Dog flavored kettle chips. The company is also featuring a promotional event in Dallas with a giant inflatable hot dog display and their Beef Bus® food truck at Klyde Warren Park.
Portillo's (NASDAQ: PTLO), the iconic Chicago-based restaurant chain, has scheduled its Q2 2025 earnings webcast for Tuesday, August 5 at 10 a.m. EST. The earnings release will be issued before the market opens on the same day.
The webcast will be accessible through investors.portillos.com and will be archived for future replay. Portillo's currently operates over 90 restaurants across 10 states, offering their signature menu items including Italian beef sandwiches, Chicago-style hot dogs, char-grilled burgers, and chocolate cake.