Portillo’s Announces First Quarter 2024 Financial Results

Author:

Fast-casual restaurant chain, Portillo’s Inc., known for its Chicago-style favorites, has announced that it will be reporting its first quarter 2024 financial results on May 7, 2024. The report will be released before the market opens, with a live audio webcast scheduled for 10:00 AM ET on the same day.

The webcast will be hosted by President and CEO, Michael Osanloo, and Chief Financial Officer, Michelle Hook. Investors can access the webcast on the company’s investor relations website at investors.portillos.com. A replay of the webcast will also be available on the site shortly after the event.

For those who prefer to listen via telephone, a toll-free number (1-877-407-3982) for domestic callers and an international number (1-201-493-6780) will be provided. A telephone replay will be accessible shortly after the call ends by dialing 1-412-317-6671, with the passcode 13741634.

Portillo’s, which started as a hot dog stand in 1963, has expanded to 85 restaurants across 10 states. The menu features popular items such as Chicago-style hot dogs, Italian beef sandwiches, char-grilled burgers, fresh salads, and their famous chocolate cake. Customers can conveniently order ahead for pickup or delivery using the Portillo’s App or by visiting the company website. Additionally, Portillo’s offers food shipping to all 50 states through its website.

For further information, investors can reach out to Barbara Noverini, CFA at [email protected]. Media inquiries can be directed to ICR, Inc. at [email protected].

Portillo’s Inc. operates in the fast-casual restaurant industry, specializing in Chicago-style favorites. The company started as a hot dog stand in 1963 and has since expanded its presence to 85 restaurants across 10 states. With a diverse menu featuring popular items such as Chicago-style hot dogs, Italian beef sandwiches, char-grilled burgers, fresh salads, and their famous chocolate cake, Portillo’s has built a loyal customer base.

The company offers multiple avenues for customers to place orders, including the Portillo’s App and the company website. Customers have the option to conveniently order ahead for pickup or delivery. Moreover, Portillo’s goes beyond its physical locations by offering food shipping to all 50 states through its website.

In terms of market forecasts, the fast-casual dining segment has been experiencing growth in recent years. Consumers are increasingly seeking quick and affordable options without compromising on quality. The industry has witnessed a rising demand for customizable menus, locally sourced ingredients, and unique dining experiences. As Portillo’s continues to meet these preferences by offering crave-worthy Chicago-style cuisine, it positions itself well in the market.

However, the industry is not without its challenges. Increasing labor costs, supply chain disruptions, and changing consumer preferences can impact the performance of fast-casual restaurant chains. Portillo’s will need to stay vigilant and adapt to these trends to maintain its competitive edge.

Investors and the public can stay updated on Portillo’s financial performance through the company’s investor relations website at investors.portillos.com. The upcoming first quarter 2024 financial results will be released on May 7, 2024, before the market opens. A live audio webcast, featuring President and CEO Michael Osanloo and Chief Financial Officer Michelle Hook, will be available on the same day at 10:00 AM ET. A replay of the webcast will also be accessible on the website shortly after the event.

For those who prefer to listen via telephone, a toll-free number (1-877-407-3982) for domestic callers and an international number (1-201-493-6780) will be provided. A telephone replay will be accessible shortly after the call ends by dialing 1-412-317-6671, with the passcode 13741634.

Investors seeking further information can reach out to Barbara Noverini, CFA, at [email protected], while media inquiries can be directed to ICR, Inc. at [email protected]. These contacts will assist interested parties with any additional information or clarification they may require.

For more details on Portillo’s and its offerings, visit their website at www.portillos.com.