Portillo's

Portillo's Hot Dogs, Inc. operates a chain of restaurants. The Company offers beef, fresh pasta trays, gourmet salads, pastas, sandwiches, and burgers, as well as provides catering services, hosts events and parties. Portillo's Hot Dogs serves customers in the United States.

Earnings data Q1 2024

PTLO reports strong Q1 2023 performance, focuses on efficiency measures

PTLO's Q1 2023 performance reflects strong sales growth and a focus on improving operational efficiency. While facing challenges related to new unit performance and inflation management, the company is optimistic about its potential for growth and is well-prepared for future developments.

PTLO reports double-digit revenue growth and margin improvement in Q2 2023

PTLO reports strong revenue growth and margin improvement, driven by strategic pricing and wage investments. The company faces challenges related to margin pressures and a backloaded development pipeline for 2024. However, opportunities exist in maintaining margin improvement and leveraging stable channel mix and tapering commodity inflation.

Portillo's reports strong Q3 earnings, addresses labor and inflation challenges

Portillo's Q3 performance reflects strong sales growth and operating leverage, with a focus on profitable unit growth and long-term revenue expansion. However, challenges related to labor and beef inflation require strategic management. The company remains optimistic about growth opportunities and is focused on offsetting wage inflation.

PTLO reports robust Q4 earnings, eyes strategic expansion in 2024

PTLO's Q4 2023 showcased strong financial performance and strategic initiatives driving revenue growth. The company's focus on customer experience, traffic trends, and operational efficiency positions it well for future expansion and success.

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Portillo's, Inc. serves street food through high-energy, multichannel restaurants designed to ignite the senses and create a memorable dining experience. The company was founded on June 8, 2021 and is headquartered in Oak Brook, IL.

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Restaurant stocks like Brinker International, Inc. (EAT), Portillo's Inc. (PTLO), CAVA Group, Inc. (CAVA), Yum China Holdings, Inc. (YUMC) and Wingstop Inc. (WING) are likely to benefit from the steady rise in sales.

5 Solid Restaurant Stocks to Buy as March Sales Rise

Portillo's Inc. (PTLO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Portillo's Inc. (PTLO) is Attracting Investor Attention: Here is What You Should Know

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We have narrowed our search to five restaurant stocks that have strong growth potential for 2024. These are: EAT, PTLO, WING, SHAK, TXRH.

5 Restaurant Stocks to Buy on Strong Sales in March

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TCMD, QUAD, YPF, AMAT and PTLO have been added to the Zacks Rank #1 (Strong Buy) List on April 16, 2024.

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Portillo's Inc. (PTLO) closed the most recent trading day at $12.92, moving -1.82% from the previous trading session.

Portillo's Inc. (PTLO) Sees a More Significant Dip Than Broader Market: Some Facts to Know

OAK BROOK, Ill., April 12, 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 be reporting first quarter 2024 financial results on Tuesday, May 7, 2024, before the market opens.

Portillo's Inc. to Announce First Quarter 2024 Results on Tuesday, May 7, 2024

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Several different food-related exchange traded funds (ETFs) are available that dabble in restaurant stocks. The largest is the Invesco Leisure and Entertainment ETF (NYSEARCA: PEJ ), with net assets of $298 million.

Wall Street Favorites: 3 Restaurant Stocks With Strong Buy Ratings for April 2024

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PTLO, VLVLY, CNM, TCOM and MMYT have been added to the Zacks Rank #1 (Strong Buy) List on April 11, 2024.

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Portillo's Inc. (PTLO) closed at $13.46 in the latest trading session, marking a +0.6% move from the prior day.

Portillo's Inc. (PTLO) Beats Stock Market Upswing: What Investors Need to Know

This prom season, Portillo's invites high schoolers (and their families) to gear up for the most unforgettable night of the year with a special meal-for-two, promposal sweepstakes and delicious post-dance catering options This prom season, Portillo's invites high schoolers (and their families) to gear up for the most unforgettable night of the year with a special meal-for-two, promposal sweepstakes and delicious post-dance catering options

Party With Portillo's This Prom Season

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VVI, DEC, HUYA, PTLO and WEAV have been added to the Zacks Rank #1 (Strong Buy) List on April 3, 2023.

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We have narrowed our search to five restaurant stocks that have strong growth potential for 2024. These stocks are EAT, SHAK, YUMC, TXRH and PTLO.

Pick These 5 Restaurant Stocks to Enrich Your Portfolio

Portillo's freshens up its signature salad lineup and introduces Guests to its newest made-to-order salad innovations –the Spicy Chicken Chopped Salad and Chicken Pecan Salad with Bacon Portillo's freshens up its signature salad lineup and introduces Guests to its newest made-to-order salad innovations –the Spicy Chicken Chopped Salad and Chicken Pecan Salad with Bacon

Portillo's ‘Mixes It Up' With Two New Salads Chock Full of Windy City Style

Portillo's has a long runway to keep expanding its restaurant base for the foreseeable future, aiming to reach 900 locations domestically. The company is at the beginning stages of expanding its operating and net income margins. The “Restaurant of the Future” concept will allow the company to expand and operate more efficiently going forward.

Portillo's: Delicious Food, Tasty Valuation

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PTLO's recent business performance has been strong, with revenue growing 24.5% and strong restaurant-level margin expansion. SSS performance has been positive, driven by better traffic and the launch of the drive-through-only concept. Unit development is on track, with plans for new openings reducing the risk of missing expectations. Profitability has upside potential if inflation continues to come down.

Portillo's Q4: Depressed Valuation Continues To Be Buying Opportunity

The average of price targets set by Wall Street analysts indicates a potential upside of 64% in Portillo's Inc. (PTLO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Portillo's Inc. (PTLO) Could Rally 64%: Here's is How to Trade

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As the population of the Sun Belt grows, restaurant chains such as McDonald's and Portillo's are looking to those states for future sales growth.

McDonald's and other restaurant chains look to the Sun Belt for growth as population soars

OAK BROOK, Ill., March 06, 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 two upcoming investor conferences. The Company will present at the BofA Securities 2024 Consumer & Retail Conference on Tuesday, March 12, 2024 at 1:50 p.m. Eastern Time, and at the UBS Global Consumer & Retail Conference on Thursday, March 14 at 11:00 a.m. Eastern Time. All interested parties may listen to live audio-only webcasts of the presentations by accessing the links at https://investors.portillos.com/events-and-presentations.

Portillo's Inc. to Participate in Two Investor Conferences in March

CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. (“Portillo's” or the “Company”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the pricing of its previously announced underwritten public offering of 8,000,000 shares of Portillo's Class A common stock (“Class A common stock”). The offering is expected to result in gross proceeds to the Company (before expenses and underwriter discounts and commissions) of approximately $116 million (assuming the underwriters do not exercise their option to purchase additional shares). The offering is expected to close on March 4, 2024, subject to customary closing conditions.

Portillo's Inc. Announces Pricing of Offering of Class A Common Stock in “Synthetic Secondary” Transaction

CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Portillo's Inc. (“Portillo's” or the “Company”) (Nasdaq: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the launch of an underwritten public offering of 8,000,000 shares of Portillo's Class A common stock (“Class A common stock”). The underwriter has a 30-day option to purchase up to an additional 1,200,000 shares of its Class A common stock.

Portillo's Inc. Announces Offering of Class A Common Stock in “Synthetic Secondary” Transaction

More people than ever are eating at Portillo's, leading to higher sales and higher profits. The company continues to expect double-digit growth for its restaurants over the long term.

Why Portillo's Stock Popped Today

Portillo's Inc. (PTLO) Q4 2023 Earnings Call Transcript

Portillo's Inc. (PTLO) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.08 per share a year ago.

News for Portillo's Stock (PTLO)