Latest news with #MichaelOsanloo
Miami Herald
17-06-2025
- Business
- Miami Herald
Portillo's has major news for breakfast fans this summer
It might seem odd when a burger chain begins to offer tacos, or when a taco shop suddenly serves chicken nuggets and fries, but it has worked for some. In recent years, it has become increasingly common for food chains to expand beyond their traditional offerings and venture into new markets to better compete with rivals and adapt to evolving consumer trends. Don't miss the move: Subscribe to TheStreet's free daily newsletter The burger chain Jack in the Box's most popular item is its tacos, Taco Bell's new chicken nuggets dominate the fast-food chicken market, and Subway's pizza is arguably better than that offered by many pizza chains. Taking risks can be very lucrative if executed properly, but when wanting to expand the menu into an entirely new category, the risk is higher than adding a single item. Related: Portillo's to make a crucial final decision this summer Anyone can sell a hot dog, but none compares to the Chicago-based Portillo's. For over 60 years, it has served its beloved Chicago-style hot dogs, Italian beef sandwiches, and homemade chocolate cake, which has helped it gain a loyal fan base and grow to over 94 locations across nine states. Now that the restaurant chain has dominated the hot dog market, it wants to dive into an unexpected (PTLO) launched its first-ever breakfast menu in April, featuring signature morning staples that Chicago locals love, including various breakfast sandwiches, chocolate cake donuts in collaboration with Stan's Donuts, multiple sides, and handcrafted coffee beverages. Although an exciting introduction, the restaurant chain revealed that the new breakfast menu was a pilot and would initially only be available at five restaurants in the Chicago area from 6:30 a.m. to 10:30 a.m. The selected Portillo's restaurants included Niles, Chicago -South Loop, Shorewood, Elmhurst, and Tinley Park locations, as stated on its website. Related: McDonald's brings back unexpected breakfast item after 6 years This left many breakfast enthusiasts wondering if Portillo's had any plans to expand the offering eventually. A few weeks later, the restaurant chain gave an answer that may have killed many fans' hopes. Portillo's CEO, Michael Osanloo, said during the company's latest earnings call that the feedback from its breakfast pilot has been positive. Still, this doesn't mean it will become available at all locations nationwide. However, the company reassured fans that it would continue to monitor the progress of the breakfast test throughout the summer and gather all the metrics necessary to ensure success before making any expansion decisions. Adding a breakfast menu could be a significant asset for the company, since it would extend operation hours and potentially increase sales. Although it sounds like an easy money maker, all chains would offer breakfast if it were that easy. Unfortunately, many have tried but failed in the process. Portillo's primary concern with this expansion was that if not handled properly, breakfast could hurt the bounceback in lunch preparations, affecting overall operations. More Food News: McDonald's menu adds new happy meal fans will loveHershey creates new guilt-free candy that's a dream comboPopular chicken chain brings back beloved menu item after 7 years However, the results of this pilot and workers' resiliency led Portillo's to announce that it will expand its breakfast menu to more locations. Starting June 17, five additional locations within the Chicago area will now offer the limited-time breakfast menu during the same hours. These include Summit, Skokie, Glendale Heights, Harwood Heights, and the North Side of Chicago. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
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
14-05-2025
- Business
- Yahoo
Portillo's to make a crucial final decision this summer
Hot dogs are a beloved American staple, and different states have even put their own twist on the classic. Although a controversial opinion among Americans, no one does hot dogs better than Chicago. The Chicago-style dog consists of an all-beef frankfurter wrapped in a poppy seed bun, garnished with green pickle relish, chopped onions, sliced tomato, and peppers, topped with yellow mustard, and finished off with a classic dill pickle. 💵💰 💵💰 Thousands of restaurants nationwide serve hot dogs, but none compare to the Chicago-based Portillo's. For over 60 years, it has served its beloved Chicago-style hot dogs, Italian beef sandwiches, and homemade chocolate it is a smaller chain compared to rival fast-casual chains, it has grown at an astonishing rate. No one would've expected a humble hot dog stand built in 1963 from a small trailer to become a popular restaurant chain with 94 locations across nine states. Portillo's () is best known for its Chicago-style dogs. However, due to popular demand and growing competition, it recently made an unexpected change in its classic menu. The restaurant chain launched its first-ever breakfast menu in April, featuring signature morning staples that Chicago locals love, including various breakfast sandwiches, chocolate cake donuts in collaboration with Stan's Donuts, multiple sides, and handcrafted coffee beverages. Portillo's is testing its new breakfast menu at five restaurants in the Chicago area from 6:30 a.m. to 10:30 a.m. The morning offerings can be ordered at Niles, Chicago -South Loop, Shorewood, Elmhurst, and Tinley Park locations, as stated on its hype around this new revelation left many customers wondering if the chain plans to offer its breakfast menu nationwide anytime soon. Their question would be answered only a few weeks later, but the chain's response might not be what many expected. Portillo's CEO, Michael Osanloo, said during the company's latest earnings call that the feedback from its breakfast pilot has been positive, but this does not mean it will become available at all locations nationwide. Osanloo said the company will continue to monitor the progress of the breakfast test throughout the summer and gather all the metrics necessary to ensure success before it decides whether to expand it to other locations. "There's plenty of restaurant companies out there that have tried to expand to breakfast, and it hasn't worked. So we have a number of internal metrics that will define success, and I think we want to make it as clean and clear as possible for us," said Osanloo. He added that breakfast could be a significant asset for the company, since it would extend the hours that locations are open for business, subsequently increasing sales. However, there's one major concern with this addition. If not handled properly, breakfast could hurt the bounceback in lunch preparations, affecting overall operations in the company's main business. More Food News:Osanloo noted that a successful test doesn't mean Portillo's will launch the breakfast menu nationwide; it would just give it the go-ahead to expand it in Chicago. The restaurant chain would then have to test it outside Chicago before bringing it to all locations. Although Portillo's has promoted the breakfast menu at the pilot locations, it has no plans yet to invest heavily in nationwide in to access your portfolio
Miami Herald
09-05-2025
- Business
- Miami Herald
Portillo's to make a crucial final decision this summer
Hot dogs are a beloved American staple, and different states have even put their own twist on the classic. Although a controversial opinion among Americans, no one does hot dogs better than Chicago. The Chicago-style dog consists of an all-beef frankfurter wrapped in a poppy seed bun, garnished with green pickle relish, chopped onions, sliced tomato, and peppers, topped with yellow mustard, and finished off with a classic dill pickle. Don't miss the move: Subscribe to TheStreet's free daily newsletter Thousands of restaurants nationwide serve hot dogs, but none compare to the Chicago-based Portillo's. For over 60 years, it has served its beloved Chicago-style hot dogs, Italian beef sandwiches, and homemade chocolate cake. Related: Iconic fast-food burger chain unveils surprising new locations Although it is a smaller chain compared to rival fast-casual chains, it has grown at an astonishing rate. No one would've expected a humble hot dog stand built in 1963 from a small trailer to become a popular restaurant chain with 94 locations across nine (PTLO) is best known for its Chicago-style dogs. However, due to popular demand and growing competition, it recently made an unexpected change in its classic menu. The restaurant chain launched its first-ever breakfast menu in April, featuring signature morning staples that Chicago locals love, including various breakfast sandwiches, chocolate cake donuts in collaboration with Stan's Donuts, multiple sides, and handcrafted coffee beverages. Portillo's is testing its new breakfast menu at five restaurants in the Chicago area from 6:30 a.m. to 10:30 a.m. The morning offerings can be ordered at Niles, Chicago -South Loop, Shorewood, Elmhurst, and Tinley Park locations, as stated on its website. Related: McDonald's menu adds experimental new items fans will love The hype around this new revelation left many customers wondering if the chain plans to offer its breakfast menu nationwide anytime soon. Their question would be answered only a few weeks later, but the chain's response might not be what many expected. Portillo's CEO, Michael Osanloo, said during the company's latest earnings call that the feedback from its breakfast pilot has been positive, but this does not mean it will become available at all locations nationwide. Osanloo said the company will continue to monitor the progress of the breakfast test throughout the summer and gather all the metrics necessary to ensure success before it decides whether to expand it to other locations. "There's plenty of restaurant companies out there that have tried to expand to breakfast, and it hasn't worked. So we have a number of internal metrics that will define success, and I think we want to make it as clean and clear as possible for us," said Osanloo. He added that breakfast could be a significant asset for the company, since it would extend the hours that locations are open for business, subsequently increasing sales. However, there's one major concern with this addition. If not handled properly, breakfast could hurt the bounceback in lunch preparations, affecting overall operations in the company's main business. More Food News: Burger King lawsuit over questionable Whopper claim moves forwardFormerly bankrupt restaurant chain reopens locations, adds new itemPopular breakfast chain goes national with surprising deal Osanloo noted that a successful test doesn't mean Portillo's will launch the breakfast menu nationwide; it would just give it the go-ahead to expand it in Chicago. The restaurant chain would then have to test it outside Chicago before bringing it to all locations. Although Portillo's has promoted the breakfast menu at the pilot locations, it has no plans yet to invest heavily in nationwide marketing. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
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.
