Departed
Michelle Hook
Chief Financial Officer
PTLO ·
Portillo's Inc.
replacing Michelle Hook in both roles in connection with Ms. Hook’s previously announced departure
Ready 8-Ks
50
Latest filing
June 30, 2026, 4:37 PM ET
Top materiality
0.90
Event mix
earnings ×15 · leadership ×12 · other ×11
Sentiment
9 pos · 9 neg · 32 neu
Latest earnings
reported 2026-Q1
Executive change
recent →
Recent 8-K filings for PTLO
Highest-materiality recent filing
Portillo's Q4 revenue up 24.5%, FY revenue up 15.8%; net income $9.6M Q4, $24.8M FY
- Total revenue increased 24.5% to $187.9M in Q4 2023 (14 weeks) vs prior year
- Same-restaurant sales up 4.4% in Q4 and 5.7% for fiscal year 2023
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Portillo's extends interim CFO Pamela Smith's term through Dec 31, 2026, adds Treasurer role
Amendment extends interim CFO term to earlier of Dec 31, 2026 or permanent CFO appointment.
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Elected directors: Eugene Lee, Brett Patterson, Ann Bordelon, Paulette Dodson, Noah Glass, Gerard Hart, Jack Hartung with majority 'for' votes.
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Portillo's appoints Pamela Smith as Interim CFO effective May 20, 2026
Smith replaces Michelle Hook as principal financial and accounting officer; term until July 1, 2026 or until permanent CFO named.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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%).
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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.
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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.
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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.
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Revenue $176.4M (+6.4% YoY); same-restaurant sales +1.8% on 4.9% avg check, but traffic down 3.1%.
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Portillo's enters cooperation agreement with Engaged Capital; joint search for new director
Engaged Capital withdraws director nominations and books-and-records demand for 2025 Annual Meeting.
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Portillo's Q4 same-store sales +0.4%; FY net income up 41%; guides 12 new units in 2025
Q4 revenue $184.6M (-1.7% vs 14-week prior year); same-restaurant sales +0.4%; net income $12.4M (up from $9.6M).
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Portillo's enters $400M credit facility amendment; $250M term loan A and $150M revolver
New $250M term loan A facility and $150M revolving credit facility, both maturing January 27, 2030.
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Portillo's to present at ICR Conference; no financial details disclosed
Portillo's presents at 2025 ICR Conference on Jan 14, 2025 at 11:00 AM ET.
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Portillo's appoints Chipotle President Jack Hartung to Board of Directors
Jack Hartung, President and Chief Strategy Officer at Chipotle, appointed to Portillo's board effective January 9, 2025.
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Portillo's names Tony Darden as COO; former Jack in the Box ops chief starts Dec 9
Tony Darden, 54, appointed COO effective Dec 9, 2024; previously SVP & COO of Jack in the Box.
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Portillo's to present at Furey Research Partners Hidden Gems Conference on Nov 26, 2024
CEO Michael Osanloo and CFO Michelle Hook to present at 9:00 a.m. ET.
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Portillo's Q3 revenue up 6.9% but same-store sales -0.9%; cuts 2024 unit and comp guidance
Revenue $178.3M (+6.9% YoY); same-restaurant sales -0.9% vs +3.9% in Q3 2023.
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Portillo's Q2 2024 revenue up 7.5% to $181.9M; same-store sales decline 0.6%
Q2 2024 net revenue $181.9M vs $169.2M in Q2 2023 (+7.5%), driven by new restaurants.
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Portillo's to Present at Piper Sandler Growth Frontiers Conference on September 11, 2024
CEO Michael Osanloo and CFO Michelle Hook to present at Piper Sandler Growth Frontiers Conference on Sept 11, 2024 at 12:00 p.m. ET.
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Portillo's Q2 revenue up 7.5% to $181.9M; same-store sales down 0.6%; raises unit target to 10+
Revenue $181.9M (+7.5% YoY); net income $8.5M vs $9.9M; adj. EBITDA $29.9M (+2.2%).
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Departure effective June 30, 2024; separation agreement signed July 17, 2024 with general release and protective covenants.
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All seven director nominees elected with majority support; Joshua Lutzker received lowest 'for' votes at 46.6M.
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CEO Michael Osanloo and CFO Michelle Hook present on June 4, 2024 at 10:20 a.m. ET.
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Portillo's COO Derrick Pratt to depart effective June 30, 2024
Derrick Pratt will leave his role as Chief Operating Officer, effective June 30, 2024.
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Portillo's Q1 revenue up 6.3% to $165.8M; net income swings to $5.3M from loss
Revenue $165.8M (+6.3% YoY); same-store sales -1.2% (transactions -3.2%, check +2.0%).
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Portillo's announces management to present at BofA and UBS consumer conferences
CEO Michael Osanloo and CFO Michelle Hook will present at BofA Securities Consumer & Retail Conference on March 12, 2024 at 1:50 p.m. ET.
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Portillo's launches 8M-share synthetic secondary at $14.37; repurchases $115M from Berkshire funds
Company entered stock/unit purchase agreement with Berkshire Partners funds and other holders to buy $114.96M of equity at $14.37/sh.
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Portillo's Q4 revenue up 24.5%, FY revenue up 15.8%; net income $9.6M Q4, $24.8M FY
Total revenue increased 24.5% to $187.9M in Q4 2023 (14 weeks) vs prior year
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Portillo's to present at ICR Conference 2024; no material new disclosures
CEO Michael Osanloo and CFO Michelle Hook to host fireside chat on Jan 9, 2024 at 10:00 AM ET.
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Portillo's Q3 revenue up 10.4% to $166.8M; net income up 104.7%; board member retires
Total revenue $166.8M (+10.4% YoY); same-restaurant sales +3.9% driven by 7.4% avg check increase, partially offset by 3.5% transaction decline.
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Portillo's holds investor day; no specific material updates disclosed in filing text
Hosted Development Day on September 19, 2023, in Dallas-Fort Worth.
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Portillo's Q2 revenue up 12.3% to $169.2M; same-restaurant sales +5.9%
Net income $9.9M ($0.16 diluted EPS) vs $10.8M in prior-year quarter.
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Portillo's stockholders elect eight directors and ratify Deloitte as auditor at 2023 annual meeting
Elected all eight director nominees; Michael Osanloo received ~53.6M votes for, ~385K withhold, 9.4M broker non-votes.
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Portillo's Q1 revenue up 16% to $156.1M; same-store sales +9.1% but net loss $1.3M on debt charge
Revenue $156.1M (+16.0% YoY); same-restaurant sales +9.1% (avg check +7.0%, transactions +2.1%).
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Portillo's synthetic secondary offering of 8M shares; underwriter option for 1.2M additional
Company entered underwriting agreement on March 7, 2023 for 8,000,000 share offering with Morgan Stanley as sole underwriter.
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Portillo's to sell 8M shares to public at $20.80 each on March 7, 2023, in a synthetic secondary offering.
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Q4 total revenue $150.9M (+8.6% YoY); same-restaurant sales +6.0%; net income $2.7M vs net loss $33.8M in Q4 2021.
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Portillo's closes $300M term loan and $100M revolver, refinances prior debt
New $300M Term A Loan and $100M Revolving Credit Facility entered on Feb 2, 2023.
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Portillo's to present at ICR Conference 2023 on Jan 10; no material financial disclosure
CEO Michael Osanloo and CFO Michelle Hook to host fireside chat at ICR Conference 2023 on Jan 10, 2023, at 8:00 a.m. ET.
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Agreement with Berkshire Partners affiliates and other selling stockholders to buy shares and LLC units using proceeds from secondary offering of 8,000,000 shares.
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Inaugural Investor Day held November 8, 2022 in New York City.
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Portillo's Q3 revenue up 9.5% to $151.1M but net income down 51% to $3.2M
Total revenue $151.1M (+9.5% YoY); same-restaurant sales +5.8% on 6.3% avg check increase, transactions down 3.3%.
Executive changes
Appointed
(interim)
Pamela Smith
Interim Chief Financial Officer
PTLO ·
Portillo's Inc.
appointed Pamela Smith to serve as Interim Chief Financial Officer, effective May 20, 2026.
Departed
Michelle Hook
Chief Financial Officer
PTLO ·
Portillo's Inc.
On April 30, 2026, Michelle Hook informed the Chief Executive Officer and General Counsel and Secretary of Portillo’s Inc. (the “Company”) that she will depart from her role as Chief Financial Officer of the Company, effective May 5, 2026.
Appointed
Eugene Lee, Jr.
Director
PTLO ·
Portillo's Inc.
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.
Appointed
Jack Hartung
Director
PTLO ·
Portillo's Inc.
On January 9, 2025, the Board of Directors (the “Board”) of Portillo’s Inc. (the “Company”) elected Jack Hartung to serve on the Board, effective immediately.
Appointed
Tony Darden
Chief Operating Officer
PTLO ·
Portillo's Inc.
On December 2, 2024, Portillo’s Inc. (the “Company”) announced that effective December 9, 2024, Tony Darden will join the Company and serve as the Company’s Chief Operating Officer.
Departed
Derrick Pratt
Chief Operating Officer
PTLO ·
Portillo's Inc.
Derrick Pratt will depart from his role as the Company’s Chief Operating Officer, effective June 30, 2024.
Departed
Derrick Pratt
Chief Operating Officer
PTLO ·
Portillo's Inc.
On May 29, 2024, Portillo’s Inc. (the “Company”) announced that Derrick Pratt will depart from his role as the Company’s Chief Operating Officer, effective June 30, 2024.
Departed
Richard K. Lubin
Director
PTLO ·
Portillo's Inc.
On October 30, 2023, Richard K. Lubin notified the Company’s Board of Directors (“Board”) of his intent to retire from the Board and Compensation Committee effective as of October 30, 2023.
Departed
Sherri Abruscato
Chief Development & Supply Chain Officer
PTLO ·
Portillo's Inc.
On April 14, 2022, Sherri Abruscato, Chief Development & Supply Chain Officer, informed Portillo’s Inc. (the “Company”) that she has decided to retire after 44 years of service to the Company.
Appointed
Paulette R. Dodson
Director
PTLO ·
Portillo's Inc.
On December 17, 2021, the Board of Directors (the “Board”) of Portillo’s Inc. (the “Company”) elected Paulette R. Dodson to serve on the Company’s Board, effective immediately.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.55 · Most common event earnings