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Portillo's

Operations

For Portillo’s, shrinking dining rooms are the way of the future

By Heather Lalley on Nov. 19, 2021

Known for its big, bustling on-premise seating, the newly public Italian beef brand said changing consumer demand is forcing it to consider new store designs.

Financing

Newly public Portillo’s feels the margin squeeze

 By Heather Lalley on Nov. 18, 2021

The fast-casual chain’s margins dropped more than four percentage points over last year due to higher labor and commodity costs. But the company said its new restaurants are far exceeding expectations.

Financing

Portillo’s aims high with IPO at $20 per share

By Heather Lalley on Oct. 21, 2021

The 67-unit fast casual, with a menu of regional Chicago fare like hot dogs and Italian Beef sandwiches, will offer more than 20 million shares for sale starting Thursday.

Financing

Portillo’s CEO: IPO day is ‘like a rollercoaster’

By Heather Lalley on Oct. 21, 2021

The 67-unit fast casual, known for its Italian Beef sandwiches, ended its first day on the market with its share price at $29.10, up 45.5% from its starting price. It raised more than $405 million from the IPO.

Financing

Portillo’s hopes to raise about $400M with its IPO

By Heather Lalley on Oct. 12, 2021

The fast casual revealed Tuesday it intends to sell more than 20 million shares at between $17 and $20 each when it goes public October 21.

Financing

Portillo’s restaurants did massive drive-thru sales during the pandemic

By Jonathan Maze on Sep. 28, 2021

But it also lost more than half of its dine-in sales. Its numbers are a microcosm of the fast-food business that likely is different for good, says RB’s The Bottom Line.

Financing

Portillo’s details ambitious growth goals

By Heather Lalley on Sep. 28, 2021

In its IPO filing, the 67-unit fast casual known for hot dogs and Italian beef sandwiches, said it was “well-positioned for global growth.”

Financing

Portillo’s files for its IPO

By Heather Lalley on Sep. 27, 2021

The 67-unit concept said it will use the proceeds to pay off $470 million in debt. It adds its name to a growing list of restaurants who are becoming publicly traded companies.

Financing

These are all the companies planning or considering IPOs

By Jonathan Maze on Jul. 20, 2021

Three restaurant chains have confidentially filed documents for an initial public offering and others are considering it, says RB’s The Bottom Line.

Financing

Portillo’s says it is going public

By Heather Lalley on Jul. 19, 2021

The fast-growing hot dog chain confidentially submitted documents to begin the initial public offering process.

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