Profile
Sector:
Consumer CyclicalIndustry:
RestaurantsCountry:
United StatesIPO:
21 October 2021Website:
http://www.portillos.comNext earnings report:
01 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 04 Oct 2024 23:52:09 GMTDividend
Analysts recommendations
Institutional Ownership
PTLO Latest News
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 could have finally seen its bottom as the potential strategic shift, suggested by Engaged Capital, creates an attractive investment case at the current level.
OAK BROOK, Ill., Aug. 30, 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 present and host investor meetings at the Piper Sandler Growth Frontiers Conference on September 10-11, 2024.
The restaurant chain, famed for its chocolate cake shakes and hot dogs, could be poised for a turnaround now that Engaged Capital is in the mix.
Activist investor Engaged Capital has built a big stake in struggling Chicago food chain Portillo's and is pushing management to make changes to how the business grows and runs, said people familiar with the matter. It's the first campaign Engaged has mounted in the "fast casual" sector since a successful effort at Shake Shack.
Portillo's has a loyal following and is opening new restaurants at a rapid rate.
Strategic Kiosk Rollout, in Partnership with Bite, Will Facilitate Faster Ordering, Shorter Lines, and Visual Menu Exploration to Enhance Guest,Team Member Experience CHICAGO , Aug. 6, 2024 /PRNewswire/ -- Portillo's Inc. (NASDAQ: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced that it is piloting kiosks in select restaurants. This strategic test represents a step forward in Portillo's ongoing commitment to embracing technology that will enhance the guest and Team Member experience, while optimizing operational efficiency.
Portillo's Inc. (PTLO) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.12 per share a year ago.
Portillo's Inc. (PTLO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
OAK BROOK, Ill. , July 10, 2024 /PRNewswire/ -- 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 second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens.
Portillo's shares have dropped 40% year to date after a disappointing Q1 earnings report. Portillo's has the potential for improvement in operational performance through improved store configuration and the introduction of ordering kiosks. Having optimized restaurant format and smoothed opening hiccups, Portillo's has ample high-return growth opportunities in sunbelt states.
What type of business is Portillos?
Portillo's Inc. owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms. Portillo's Inc. was founded in 1963 and is based in Oak Brook, Illinois.
What sector is Portillos in?
Portillos is in the Consumer Cyclical sector
What industry is Portillos in?
Portillos is in the Restaurants industry
What country is Portillos from?
Portillos is headquartered in United States
When did Portillos go public?
Portillos initial public offering (IPO) was on 21 October 2021
What is Portillos website?
https://www.portillos.com
Is Portillos in the S&P 500?
No, Portillos is not included in the S&P 500 index
Is Portillos in the NASDAQ 100?
No, Portillos is not included in the NASDAQ 100 index
Is Portillos in the Dow Jones?
No, Portillos is not included in the Dow Jones index
When was Portillos the previous earnings report?
No data
When does Portillos earnings report?
The next expected earnings date for Portillos is 01 November 2024