Latest news with #Portillo'sPerks
Yahoo
06-05-2025
- Business
- Yahoo
Portillo's (NASDAQ:PTLO) Misses Q1 Revenue Estimates, Stock Drops
Casual restaurant chain Portillo's (NASDAQ:PTLO) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 6.4% year on year to $176.4 million. Its GAAP profit of $0.05 per share was in line with analysts' consensus estimates. Is now the time to buy Portillo's? Find out in our full research report. Portillo's (PTLO) Q1 CY2025 Highlights: Revenue: $176.4 million vs analyst estimates of $180.7 million (6.4% year-on-year growth, 2.4% miss) EPS (GAAP): $0.05 vs analyst estimates of $0.05 (in line) Adjusted EBITDA: $21.21 million vs analyst estimates of $22.77 million (12% margin, 6.9% miss) Operating Margin: 5.9%, in line with the same quarter last year Free Cash Flow was -$9.59 million compared to -$7.86 million in the same quarter last year Locations: 94 at quarter end, up from 85 in the same quarter last year Same-Store Sales rose 1.8% year on year (-1.2% in the same quarter last year) Market Capitalization: $664.6 million 'We're proud of how our team performed through challenging macro conditions in Q1, driven by the launch of Portillo's Perks and our marketing efforts,' said Michael Osanloo, President and Chief Executive Officer of Portillo's. Company Overview Begun as a Chicago hot dog stand in 1963, Portillo's (NASDAQ:PTLO) is a casual restaurant chain that serves Chicago-style hot dogs and beef sandwiches as well as fries and shakes. Sales Growth Examining a company's long-term performance can provide clues about its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. With $721.2 million in revenue over the past 12 months, Portillo's is a small restaurant chain, which sometimes brings disadvantages compared to larger competitors benefiting from better brand awareness and economies of scale. On the bright side, it can grow faster because it has more white space to build new restaurants. As you can see below, Portillo's sales grew at a decent 8.4% compounded annual growth rate over the last five years (we compare to 2019 to normalize for COVID-19 impacts) as it opened new restaurants and increased sales at existing, established dining locations. Portillo's Quarterly Revenue This quarter, Portillo's revenue grew by 6.4% year on year to $176.4 million, missing Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to grow 12.9% over the next 12 months, an acceleration versus the last five years. This projection is noteworthy and suggests its newer menu offerings will catalyze better top-line performance. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
CBS News
02-05-2025
- Business
- CBS News
Portillo's offering buy-one-get-one-free Italian Beefs deal in May
Italian Beef lovers, this is your month. Portillo's is making an offer you really won't want to refuse: buy-one-get-one-free Italian beefs. May is National Italian Beef Month (for real) and National Italian Beef Day is celebrated on May 24 (no, really). So, to celebrate, Portillo's is offering the BOGO deal on their iconic Italian Beef sandwiches for the entire month of May. To get your BOGO beefs, you will need to sign up to be a Portillo's Perks member. Once you do, the deal will automatically be added to your account. And the fun doesn't end there; Portillo's said one of the CTA Blue Line trains will be transformed into a supersized Italian Beef sandwich. Portillo's recently launched a breakfast menu, which is being tested at several Chicago area stores. Italian Beefs are available at breakfast, too.
Yahoo
01-05-2025
- Business
- Yahoo
Portillo's celebrates National Italian Beef Month with BOGO sandwich deal
ROCKFORD, Ill. (WTVO) — Portillo's is offering a 'buy one, get one free' deal on Italian beef sandwiches all month long to celebrate National Italian Beef Month in May. The Chicago-based company announced the deal on , which is available to all members of Portillo's Perks. How to Redeem: In-Restaurant: Add 2 regular Italian Beef sandwiches to your order and either scan your Perks card or give the cashier your phone number at checkout. Online or In the App: Log into your Portillo's Perks account, add 2 regular Italian Beef sandwiches to your cart, and hit 'apply offer' at checkout. The promotion runs from May 1st to June 1st, 2025. Portillo's opened a location in Rockford in June 2015, at 6090 E State Street. Buona Beef, Chicago's Original Italian Beef, also opened a location in Loves Park in September. Buona is celebrating Italian Beef Day on May 24th with a $7.99 beef and fries combo. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
04-03-2025
- Business
- Yahoo
Engaged Capital pushes for board changes at Portillo's
Investment firm Engaged Capital plans to nominate two director candidates to the fast-casual restaurant chain Portillo's board for election at its 2025 Annual Meeting of Shareholders. The nominees, Charlie Morrison and Nicole Portwood, have experience in restaurant operations and marketing, respectively. Morrison led Wingstop as president and CEO from 2012 to 2022 and served as CEO of Salad and Go from April 2022 to October 2024. Portwood, a branding expert, was chief marketing officer at Salad and Go from October 2023 to February 2025, leading initiatives to strengthen brand positioning and customer engagement. Engaged Capital, which holds 8.6% of Portillo's outstanding Class A common stock, submitted a letter to the company's board proposing the nominations to 'dramatically improve Portillo's ability to execute and close the gap with industry peers'. In a statement, Engaged criticised Portillo's performance, describing it as '...suffering due to outdated restaurant operations, ineffective marketing and lower than justified restaurant-level cash-on-cash returns. Although these issues have led to a depressed valuation for the company, they are all readily fixable.' To enhance profitability, the firm is calling for refinements in new unit development, modernisation of restaurant operations and technology, and targeted marketing investments to boost brand awareness and drive customer traffic. Portillo's acknowledged the receipt of Engaged Capital's nominations and defended its ongoing initiatives, stating: 'At the restaurant level, Portillo's is driving results through the launch of its Portillo's Perks loyalty programme, kiosks, operational enhancements and advertising beyond Chicagoland. The brand is also strategically expanding its restaurant count, leveraging the smaller Restaurant of the Future (ROTF) format and other potential upcoming formats to drive enhanced cash-on-cash returns. The restaurant company's board will formally present its recommendation regarding director nominations in its proxy materials, which will be filed with the US Securities and Exchange Commission ahead of the 2025 annual meeting. Portillo's, known for its Chicago-style hot dogs, crinkle-cut fries and chocolate cakes, is valued at $1bn. In May 2023, the brand launched its latest menu item, the Rodeo Burger. "Engaged Capital pushes for board changes at Portillo's" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
