Reports Q1 revenue $165.8M, consensus $174.84M. Michael Osanloo, President and Chief Executive Officer of Portillo’s, said “It’s an exciting time at Portillo’s. We’re proud of how we exited the quarter and will continue to build top-line momentum through disciplined sales-driving initiatives and new unit development. Today we revealed Portillo’s four strategic pillars, which will guide our 2024 goals and serve as the foundation for quality growth. Running world class operations, innovating and amplifying the Portillo’s Experience, building restaurants with industry-leading returns, and taking great care of our teams are the primary drivers of value creation at Portillo’s.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PTLO:
- Portillo’s Strengthens Leadership Team with first Chief Information Officer and Chief Marketing Officer Appointments
- Portillo’s Inc. to Announce First Quarter 2024 Results on Tuesday, May 7, 2024
- Portillo’s price target lowered to $16 from $17 at Morgan Stanley
- Stephens resumes Portillo’s with an Overweight, names as ‘Best Idea’
- Party With Portillo’s This Prom Season