Latest news with #Portillo's
Yahoo
23-05-2025
- Business
- Yahoo
Beloved Fast Casual Chain Announces New Location
Portillo's, the popular fast-casual restaurant chain known for its Chicago-style hotdogs and Italian beef sandwiches, is opening its first-ever Portillo's airport location in Dallas Fort Worth International Airport. The airport diner will be located in Terminal B of the Dallas international airport and is one of two new restaurants opening next year, along with another set to open in The Villages, Florida, according to the company's website. "Our first-ever airport location ... will feature our new small dine-in only format, keeping efficiency and comfort for travelers in mind," the website states. "Unlike our traditional restaurants, the restaurant will feature a smaller, walk-up accessible footprint with multiple ordering touchpoints – including at the register, self-order kiosks and order ahead for pick up." The airport diner will also feature a "Portillo's Grab & Go area," along with a variety of seating options that can comfortably seat 50 guests, per the announcement. "This new location is the perfect way to cater to travelers seeking quick bites or leisurely meals—in true Chicago-style fashion," the website states. The store will offer the same menu items at the airport location, including their mouth-watering, Chicago-style hotdogs, the fan-favorite Italian beef sandwiches and Char-Grilled burgers, and last but not least, the Portillo's Famous Chocolate Cake. 'We're excited to introduce these new restaurant formats as a key step in Portillo's growth,' Michael Osanloo, Portillo's president and CEO, said in a statement. 'Our first airport location at DFW and our inline-style walk-up in The Villages are milestones in expanding our reach and bringing the Portillo's experience to even more people. 'These smaller-scale concepts are great for high-traffic areas," Osanloo added. "We're eager to see how they'll connect us with guests while delivering the craveable food and fun atmosphere our fans love." Beloved Fast Casual Chain Announces New Location - With Major Change first appeared on Men's Journal on May 23, 2025
Yahoo
20-05-2025
- Business
- Yahoo
Why Portillo's Stock Crashed Tuesday Morning
Investors were concerned about the sale of a large block of Portillo's stock. This was not a secondary offering, but the sale of shares by an early investor. Portillo's stock remains attractively priced. 10 stocks we like better than Portillo's › Shares of Portillo's (NASDAQ: PTLO) plunged on Tuesday, with the stock falling as much as 10.2% in early trading. As of 11:34 a.m. ET, the stock was still down 5.9%. The catalyst that crushed the fast-casual restaurant stock was the announcement of a large block stock sale, but it's important to understand the details, as this was not a secondary offering. In a series of regulatory filings that dropped after market close on Monday, Portillo's announced the sale of a large block of its stock by early investor Berkshire Partners. The private equity firm has held a stake in the restaurant chain since 2014, long before the company's initial public offering (IPO) in October 2021. When Portillo's entered the public markets, Berkshire Partners exchanged its private equity ownership for shares of the company's stock, which have since been held in several of Berkshire's funds. The sale was for 10 million shares, a transaction orchestrated by investment bank Jefferies Financial Group. The deal had been priced in a range of between $12.40 and $12.60, with a final price of $12.40, which was at the low end of the range. As an early investor, Berkshire Partners has held its stake for more than a decade and retained much of its ownership of Portillo's even after the IPO, at the time controlling more than 64% of the voting rights of the company. This suggests that the private equity fund is finally looking to recoup some of its investment. Like many restaurant stocks, Portillo's has felt the weight of inflation, particularly regarding the cost of its products and employee-related expenses. However, the company has resisted the urge to raise prices and continues to generate among the highest average unit volume (or sales per location) of any restaurant in the fast-casual industry. Furthermore, at just 28 times earnings and 1 times sales, Portillo's stock is dirt cheap. The company has work to do, but I believe it's on the right track. Before you buy stock in Portillo's, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Portillo's wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Danny Vena has positions in Portillo's. The Motley Fool has positions in and recommends Jefferies Financial Group. The Motley Fool has a disclosure policy. Why Portillo's Stock Crashed Tuesday Morning was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Out
20-05-2025
- Entertainment
- Time Out
The White Sox are hosting a celebration of Pope Leo XIV at Rate Field next month
In case you haven't heard yet, the new pope is a Chicago boy—yes, the freshly minted Pope Leo XIV—formerly known as Cardinal Robert Prevost, a 69-year-old Chicago native—made history as the first-ever American pope the papal conclave earlier this month, a surprising election that had folks around Chicagoland pretty amped. (Chicago-based chain Portillo's even made a Pope-themed sandwich to celebrate). And now the White Sox are getting in on all of the holy fun, with a special event honoring Pope Leo next month. On Saturday, June 14, the Archdiocese of Chicago has scheduled a citywide Catholic mass and special program to be held at Rate Field (333 W. 35th Street) to celebrate Pope Leo's election and inauguration. The event will feature music, film, speakers and prayers at the ballpark, which has capacity for 40,000 participants. More information, including a start time for the event and how to purchase tickets, is still to come. 'The Archdiocese of Chicago invites media and the public to a once-in-a-lifetime celebration of the election of Pope Leo XIV, the first pope born and raised in the Chicago area,' the archdiocese said in a release. 'Pope Leo XIV's message of peace, unity and the key to a meaningful life have touched hearts across the globe. This celebration is an extraordinary opportunity for people from the city and beyond to come together in shared pride for one of our own.' Along with the June 14 event, the White Sox will also unveil a graphic installation at the baseball stadium, marking the location where the future pope cheered for Chicago back in Game 1 of the 2005 World Series against the Houston Astros. The Illinois-bred pontiff, who was born in Bronzeville and raised in suburban Dolton, is a lifelong White Sox fan, per his brother John Prevost, who revealed that the siblings have faithfully rooted on the Sox since they were mere altar boys, reports CBS News.
Los Angeles Times
16-05-2025
- Politics
- Los Angeles Times
Portillo's in Buena Park offers the ‘Leo,' a Pope-inspired Italian beef sandwich
What would the election of the first U.S.-born pope in history be without a promotional gimmick? Now that Cardinal Robert Prevost is known to the world as Pope Leo XIV, Portillo's in Buena Park is paying homage to his Chicago roots by rechristening its famed Italian beef sandwich the 'Leo.' Foodies and the faithful don't have to be part of a conclave to enjoy the meal. Even though the sandwich doesn't appear on the menu by name, the kitchen knows what to do when an order for the Leo comes through. The Chicago-based chain is perhaps best known for its Chicago-style hot dogs stuffed in poppy-seed buns and topped with neon green sweet pickle relish, tomato slices, sport peppers and a dill pickle spear. Coming in at $8.99 a pop, the Leo is just as good as any would-be 'holy' hot dog. Splashed with gravy, the Leo makes the wrapping it comes in almost translucent. A hefty layering of thin slow-roasted Italian beef fills the Turano French roll, as the au jus delightfully dampens the bread inside. Sweet or spicy chopped peppers provide for a flavorful contrast to its savory profile. Pickled bits of cauliflower, celery and onion round out the meal fit to quell papal hunger pangs and leave bellies feeling blessed, not bloated. The hot dog chain hailed its 'sacred sandwich' as one 'made in honor of a moment that's historic for Portillo's hometown.' It's not the first time a restaurant in Orange County has honored a new pope. When Pope Francis took helm of the Catholic Church in 2013, the Pasta Connection's location in Orange, which served a menu of fugazza and pampa steaks before shuttering, hung a banner of the Argentinian flag on its outside patio to welcome his election. With Portillo's, whose sole O.C. location is in Buena Park, the honor in the form of the Leo is one that folks can bite into through the month of May, which also doubles as Italian beef month. That's also how long diners will wonder why they weren't baptized in gravy, too!
Time Out
14-05-2025
- Entertainment
- Time Out
This is apparently Pope Leo's favorite Chicago pizza joint
The city of Chicago will lose its last Aurelio's Pizza location when the 'za-slinging outpost on the south end of Grant Park shutters on Saturday, May 31. But the beloved pizzeria will live on through the rest of its Illinois-based locations, much to the relief of a surprising fan: Pope Leo XIV. Yes, the newly minted pontiff—formerly known as Cardinal Robert Prevost, a 69-year-old Chicago native—made history as the first-ever American pope during last week's papal conclave, a surprising election that had folks around Chicagoland cheering (and others, like Chicago-based chain Portillo's, making Pope-themed sandwiches to celebrate). But when it comes to celebrating some good ol' pizza, Pope Leo reportedly has a favorite pie among Chicago's saucy bunch and, yes, it's Aurelio's Pizza. As reported by WGN9, during his pre-pope days, then-Cardinal Prevost paid a visit to the pizzeria's Homewood location this past August. 'I didn't know the day he came because he didn't announce, 'Hey I'm the cardinal,'' owner Joe Aurelio quipped to the outlet. However, months later when Prevost officially became Pope Leo XIV, "all the employees went crazy," Aurelio added. "They started texting and calling me, 'Can you believe it? He was just here a few months ago.'" His Holiness is reportedly partial to the restaurant's thin-crust pepperoni pizza, so much so that Aurelio's has affectionately nicknamed the pontiff-approved pie the "Pope-eroni". The restaurant also designated the table where he sat during his visit as "The Official Pope's Table".
