Page 2 - Michael Osanloo News Today

Double-Digit Increases in Revenue and Adjusted EBITDA Highlighted

By Karen E. Roman Portillo’s Inc. (NASDAQ: PTLO), the casual restaurant known for its Chicago-style favorites menu, reported a 24.5% increase in total revenue for the last quarter of 2023 and a rise of 4.4% on same-restaurant sales. Operating income grew $8 million to $14.5 million, while net income increased $7 million to $9.6 million […]

-- Michael Osanloo, CEO of Portillos, said the impact of the Ozempic effect, referring to weight loss drugs, on the fast food sector is exaggerated and has not affected his company. He also... -January 26, 2024 at 11:53 am EST - MarketScreener

Adjusting to rising labor costs while maintaining value and profit was the talk of the town at the ICR conference.

Restaurant companies are bullish on development and marketing for 2024, in what is expected to be a return to normalization* (*relatively speaking).

Investor worries about the industry impact of a new crop of weight loss drugs, called GLP-1, have unfairly hurt restaurant chain's stocks, Italian beef…

Portillo’s Inc. (NASDAQ:PTLO – Get Free Report) CEO Michael Osanloo sold 1,558 shares of Portillo’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $15.99, for a total value of $24,912.42. Following the transaction, the chief executive officer now owns 143,116 shares in the company, valued at […]

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Arizona continues to be ‘an area of focus’ for White Castle and several other brands.