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Portillo's Reports Strong 4Q Revenue, Operating Cash Flow

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 […]

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Today In Culture, Tuesday, February 6, 2024: Dusek's Replacement Announced | Grammys to Muti & CSO And Bobby Rush | Stamping Saul Bellow

Today In Culture, Tuesday, February 6, 2024: Dusek's Replacement Announced | Grammys to Muti & CSO And Bobby Rush | Stamping Saul Bellow
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Portillo's CEO Osanloo: no impact of Ozempic on group sales - 2024-01-26

-- Michael Osanloo, CEO of Portillo's, 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

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Labor cost is the elephant in the room for restaurant chains in 2024

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

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5 takeaways from 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).

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Portillo's Notes Obesity Drug Impact

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…

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Portillo's Inc. to Participate in the 2024 ICR Conference

Portillo's Inc. to Participate in the 2024 ICR Conference
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Michael Osanloo Sells 1,558 Shares of Portillo's Inc. (NASDAQ:PTLO) Stock

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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