Portillo's Inc. is a popular fast-casual restaurant chain known for its diverse menu that features Chicago-style food, including hot dogs, Italian beef sandwiches, and classic burgers, alongside a variety of fresh salads and sides
With a vibrant and nostalgic atmosphere, the company focuses on delivering quality dining experiences through both dine-in and drive-thru options. Portillo's strives to maintain a strong connection with its customers by embodying the rich culinary heritage of Chicago while expanding its presence in various markets across the United States. Their commitment to fast service and flavorful offerings has garnered a loyal customer base, positioning them as a notable player in the fast-food industry.
Engaged Capital, LLC (together with certain of its affiliates, “Engaged” or “we”), which beneficially owns approximately 8.6% of the outstanding Class A common stock of Portillo’s Inc. (NASDAQPTLO) (“Portillo’s” or the “Company”), today announced that it has nominated two highly qualified, independent candidates for election to the Company’s Board of Directors (the “Board”) at the 2025 Annual Meeting of Stockholders (the “Annual Meeting”). In connection with its nomination, Engaged issued the following statement:
Shares of casual restaurant chain Portillo’s (NASDAQPTLO)
jumped 9.8% in the morning session after the company reported strong fourth-quarter 2024 results, significantly exceeding analysts' EPS expectations despite revenue coming in line with forecasts. EBITDA also outperformed Wall Street's estimates, showing that profitability was better than expected. Overall, we think this was a solid quarter with some key areas of upside.
Casual restaurant chain Portillo’s (NASDAQPTLO) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.7% year on year to $184.6 million. Its GAAP profit of $0.17 per share was significantly above analysts’ consensus estimates.
CHICAGO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Portillo’s Inc. (“Portillo’s” or the “Company”) (NASDAQPTLO), the restaurant concept known for its menu of Chicago-style favorites, today reported financial results for the fourth quarter and fiscal year ended December 29, 2024.
Portillo’s 26.7% return over the past six months has outpaced the S&P 500 by 17.7%, and its stock price has climbed to $15.30 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
OAK BROOK, Ill., Feb. 05, 2025 (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 fourth quarter 2024 financial results on Tuesday, February 25, 2025, before the market opens.
Shares of casual restaurant chain Portillo’s (NASDAQPTLO)
jumped 7.8% in the afternoon session after Stifel analyst Chris O'Cull upgraded the stock's rating from Hold to Buy and raised the price target from $13 to $16. The new price target implied a potential 20% upside from where shares traded before the upgrade was announced. O'Cull's optimism stemmed from management's improvement engagement amid efforts to improve traffic trends.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the traditional fast food industry, including Restaurant Brands (NYSEQSR) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Portillo's (NASDAQPTLO) and the best and worst performers in the traditional fast food industry.
OAK BROOK, Ill., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Portillo’s Inc. (Nasdaq: PTLO) (“Portillo’s” or “The Company”), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that CEO Michael Osanloo and CFO Michelle Hook will appear at the following investor conferences:
