Highest-materiality recent filing
Portillo's Q1 net loss $0.5M; same-restaurant sales -0.1%; CFO Hook departs
Revenue $182.6M (+3.5% YoY), but net loss $0.5M vs net income $4.0M in prior year.
Portillo's appoints Eugene I. Lee Jr. as Chairman; Miles and Lutzker not standing for reelection
Michael A. Miles Jr. (Chair since 2014) and Joshua A. Lutzker will not stand for reelection at 2026 Annual Meeting.
Portillo's Q4 net income drops 49.5% to $6.3M; same-restaurant sales fall 3.3%
Q4 revenue $185.7M (+0.6% YoY); same-restaurant sales -3.3% driven by 3.3% fewer transactions
Portillo's names Brett Patterson as CEO, effective Feb 23, 2026
Patterson, former CEO of Miller's Ale House, succeeds interim CEO Michael Miles who remains Chairman.
Portillo's to present at ICR Conference; no material updates
Interim CEO Mike Miles and CFO Michelle Hook to present at 10:30 a.m. ET on Jan 12, 2026.
Portillo's Q3 net income falls 91% to $0.8M; cuts FY2025 outlook
Net income $0.8M vs $8.8M YoY; operating income down 66% to $5.4M.
Portillo's Chief Development Officer Michael Ellis to depart Oct 31, 2025
Mike Ellis departs as Chief Development Officer effective October 31, 2025; qualifies for Senior Executive Severance Plan.
Portillo's discloses interim CEO comp ($1.2M RSU) and former CEO severance (18-month salary)
Interim CEO Michael A. Miles, Jr. gets $60k annualized salary and $1.2M RSU vesting over one year; initial term three months.
Portillo's CEO Michael Osanloo departs; Chairman Miles named interim CEO effective Sept 21
Michael Osanloo out as President and CEO effective Sept 21, 2025; separation without cause entitles him to severance benefits.
Portillo's cuts FY2025 outlook; same-store sales seen -1% to -1.5%, unit growth halved to 8
Same-restaurant sales guidance revised to (1.0%)-(1.5%) from 1%-3%; Q3 SRS estimated (2.0%)-(2.5%).
Portillo's Q2 net income rises to $10M but slashes FY revenue growth outlook to 5-7%
Total revenue $188.5M (+3.6% YoY); same-restaurant sales +0.7% with 2.1% check increase offset by 1.4% traffic decline.
Portillo's appoints former Darden CEO Gene Lee to board of directors
Eugene I. Lee, Jr. elected to board effective June 16, 2025; also appointed to Compensation Committee.
Portillo's shareholders re-elect all eight directors, reject special meeting proposal
All eight director nominees elected with >98% of votes cast; broker non-votes of 12.2M shares.
O n June 16, 2025, the Board of Directors (the “Board”) of Portillo’s Inc. (the “Company”) elected Eugene Lee, Jr. to serve on the Board, effective immediately.
Max materiality 0.85 · Median 0.60 · Most common event leadership