Portillo's Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent auditor for fiscal year 2026. at the 2026-06-09 meeting.
“Ratification of Deloitte & Touche LLP as independent auditor for fiscal year 2026 59,880,212 1,348,904 347,732”
Shareholder Votes
Portillo's Inc. shareholders approved Approval, on an advisory basis, of the compensation of the Company's Named Executive Officers. at the 2026-06-09 meeting.
“Ratification of the approval, on an advisory basis, of the compensation for our NEOs 38,587,229 3,260,842 426,864 19,301,913”
Shareholder Votes
Portillo's Inc. shareholders approved Election of seven directors to serve until the Company's next annual meeting in 2027, or until their successors have been duly elected and qualified. at the 2026-06-09 meeting.
“Director Election Proposal For Withhold Broker Non-Votes Eugene I. Lee, Jr. 41,248,080 1,026,855 19,301,913 Brett Patterson 40,835,122 1,439,813 19,301,913 Ann Bordelon 37,580,835 4,694,100 19,301,913 Paulette R. Dodson 37,489,684 4,785,251 19,301,913 Noah Glass 38,226,689 4,048,246 19,301,913 Gerard J. Hart 39,311,755 2,963,180 19,301,913 Jack Hartung 41,023,662 1,251,273 19,301,913”
Pamela Smith was appointed as Interim Chief Financial Officer at Portillo's Inc..
“appointed Pamela Smith to serve as Interim Chief Financial Officer, effective May 20, 2026.”
Michelle Hook departed as Chief Financial Officer at Portillo's Inc..
“replacing Michelle Hook in both roles in connection with Ms. Hook’s previously announced departure”
Earnings Releases
Portillo's Inc. reported first quarter ended March 29, 2026 results: revenue $182.6 million, net income Net loss of $0.5 million. Guidance initiated.
“Revenues for the quarter ended March 29, 2026 were $182.6 million compared to $176.4 million for the quarter ended March 30, 2025, an increase of $6.2 million or 3.5%.”
Michelle Hook departed as Chief Financial Officer at 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.”
Eugene Lee, Jr. was elected as Director at 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.”
Jack Hartung was elected as Director at 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.”
Tony Darden was appointed as Chief Operating Officer at 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.”
Derrick Pratt departed as Chief Operating Officer at Portillo's Inc..
“Derrick Pratt will depart from his role as the Company’s Chief Operating Officer, effective June 30, 2024.”
Derrick Pratt departed as Chief Operating Officer at 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.”
Earnings Releases
Portillo's Inc. reported the first quarter ended March 31, 2024 results: revenue $165.8 million, net income $5.3 million.
“the primary drivers of value creation at Portillo’s.” Financial Highlights for the First Quarter 2024 vs. First Quarter 2023: • Total revenue increased 6.3% or $9.8 million to $165.8 million; • Same-restaurant sales* decreased 1.2%; • Operating income increased $1.6 million to $10.1 million; • Net income increased $6.6 million to $5.3 million; • Restaurant-Level”
Material Agreements
Portillo's Inc. entered into Underwriting Agreement with BofA Securities, Inc. (effective 2024-02-28).
“On February 28, 2024, the Company and PHD Group Holdings, LLC entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. as underwriter (the “Underwriter”) for the purchase and sale of 8,000,000 shares of the Company’s Class A common stock.”
Material Agreements
Portillo's Inc. entered into Stock Unit and Purchase Agreement with certain funds affiliated with Berkshire Partners LLC and other selling stockholders valued at aggregate purchase price of approximately $114.96 million (effective 2024-02-27).
“On February 27, 2024, Portillo’s Inc. (the “Company”) entered into a stock unit and purchase agreement (the “Stock Unit and Purchase Agreement”) with certain funds affiliated with Berkshire Partners LLC and other selling stockholders named therein (collectively, the “Selling Stockholders”), pursuant to which the Company agreed to (i) purchase limited liability company units of its subsidiary, PHD Group Holdings, LLC, from certain of the Selling Stockholders and (ii) purchase shares of Class A common stock of the Company from certain Selling Stockholders, in each case, in a private, non-underwritten transaction made in connection with an underwritten “synthetic secondary” public offering by the Company of 8,000,000 shares of its Class A common stock on February 28, 2024 (the “Offering”).”
Earnings Releases
Portillo's Inc. reported the fiscal year ended December 31, 2023 results: revenue $679.9 million, net income $24.8 million.
“Financial Highlights for Fiscal Year 2023 (53 weeks)* vs. Prior Year (52 weeks)*: • Total revenue increased 15.8% or $92.8 million to $679.9 million; • Same-restaurant sales*** increased 5.7%; • Operating income increased $14.2 million to $55.4 million; • Net income increased $7.7 million to $24.8 million; • Restaurant-Level Adjusted EBITDA**** increased $32.7 million to $165.2 million; and • Adjusted EBITDA**** increased $17.3 million to $102.3 million.”
Earnings Releases
Portillo's Inc. reported the fourth quarter ended December 31, 2023 results: revenue $187.9 million, net income $9.6 million.
“Financial Highlights for the Fourth Quarter 2023 (14 weeks)* vs. Prior Year (13 weeks)*: • Total revenue increased 24.5% or $37.0 million to $187.9 million; • Same-restaurant sales** increased 4.4%; • Operating income increased $8.0 million to $14.5 million; • Net income increased $7.0 million to $9.6 million; • Restaurant-Level Adjusted EBITDA**** increased $13.7 million to $45.7 million; and • Adjusted EBITDA**** increased $8.1 million to $26.1 million.”
Earnings Releases
Portillo's Inc. reported third quarter ended September 24, 2023 results: revenue $166.8 million, net income $6.5 million.
“sets Portillo’s apart and keeps guests coming back.” Financial Highlights for the Third Quarter 2023 vs. Third Quarter 2022: • Total revenue increased 10.4% or $15.7 million to $166.8 million; • Same restaurant sales increased 3.9%; • Operating income increased $4.5 million to $15.1 million; • Net income increased $3.3 million to $6.5 million; • Restaurant-Level”
Richard K. Lubin retired as Director at 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.”
Earnings Releases
Portillo's Inc. reported financial results for second quarter ended June 25, 2023.
“On August 3, 2023, Portillo’s Inc. (NASDAQ: PTLO) issued a press release reporting results for the second quarter ended June 25, 2023.”
Shareholder Votes
Portillo's Inc. shareholders approved Ratification of Deloitte & Touche LLP as independent auditor for fiscal year 2023 at the 2023-06-27 meeting.
“Ratification of Deloitte & Touche LLP as independent auditor for fiscal year 2023 62,772,735 512,407 108,396”
Shareholder Votes
Portillo's Inc. shareholders approved Election of eight directors to serve until the Company's next annual meeting in 2024, or until their successors have been duly elected and qualified at the 2023-06-27 meeting.
“On June 27, 2023, Portillo’s Inc. (NASDAQ:PTLO) (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”).”
Earnings Releases
Portillo's Inc. reported the first quarter ended March 26, 2023 results: revenue $156.1 million, net income a net loss of $1.3 million.
“for our investors throughout the economic cycle.” Financial Highlights for the First Quarter 2023 vs. First Quarter 2022: • Total revenue increased 16.0% or $21.6 million to $156.1 million; • Same restaurant sales increased 9.1%; • Operating income increased $1.7 million to $8.5 million; • Net income decreased $1.8 million to a net loss of $1.3 million; •”
Material Agreements
Portillo's Inc. entered into Underwriting Agreement with Morgan Stanley & Co. LLC (effective 2023-03-07).
“on March 7, 2023, the Company and PHD Group Holdings, LLC entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC”
Material Agreements
Portillo's Inc. entered into Stock Unit and Purchase Agreement with certain funds affiliated with Berkshire Partners LLC and other selling stockholders named therein valued at $166.4 million (effective 2023-03-03).
“On March 3, 2023, Portillo’s Inc. (the “Company”) entered into a stock unit and purchase agreement (the “Stock Unit and Purchase Agreement”) with certain funds affiliated with Berkshire Partners LLC and other selling stockholders named therein (collectively, the “Selling Stockholders”), pursuant to which the Company agreed to (i) purchase limited liability company units of its subsidiary, PHD Group Holdings, LLC, from certain of the Selling Stockholders and (ii) purchase shares of Class A common stock of the Company from certain Selling Stockholders, in each case, in a private, non-underwritten transaction made in connection with an underwritten “synthetic secondary” public offering by the Company of 8,000,000 shares of its Class A common stock on March 7, 2023 (the “Offering”).”
Earnings Releases
Portillo's Inc. reported the fiscal year ended December 25, 2022 results: revenue $587.1 million, net income $17.2 million. Guidance initiated.
“• Total revenue increased 9.7% or $52.2 million to $587.1 million; • Same-restaurant sales increased 5.4%; • Operating income increased $11.3 million to $41.3 million; • Net income increased $30.6 million to $17.2 million;”
Earnings Releases
Portillo's Inc. reported the fourth quarter ended December 25, 2022 results: revenue $150.9 million, net income $2.7 million. Guidance initiated.
“• Total revenue increased 8.6% or $12.0 million to $150.9 million; • Same-restaurant sales increased 6.0%; • Operating income increased $29.0 million to $6.4 million; • Net income increased $36.5 million to $2.7 million;”
Debt Financings
Portillo's Inc. incurred revolving credit of initial aggregate principal amount of $100 million with Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender at forward-looking secured overnight financing rate plus an applicable rate determi maturing five years from the Closing Date.
“The New Credit Agreement provides for a Term A Loan (“Term Loan”) in an initial aggregate principal amount of $300 million and initial Revolving Credit Commitments in an initial aggregate principal amount of $100 million (the “Revolver Facility”).”
Debt Financings
Portillo's Inc. incurred credit facility of initial aggregate principal amount of $300 million with Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender at forward-looking secured overnight financing rate plus an applicable rate determi maturing five years from the Closing Date.
“The New Credit Agreement provides for a Term A Loan (“Term Loan”) in an initial aggregate principal amount of $300 million and initial Revolving Credit Commitments in an initial aggregate principal amount of $100 million (the “Revolver Facility”).”
Material Agreements
Portillo's Inc. entered into Credit Agreement with Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender valued at initial aggregate principal amount of $300 million and initial Revolving Credit Commitments in an in (effective 2023-02-02).
“On February 2, 2023 (the “Closing Date”), PHD Intermediate LLC, a Delaware limited liability company (“Holdings”), Portillo’s Holdings, LLC, a Delaware limited liability company (the “Borrower”), the other Guarantors party thereto from time to time, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”) and Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender entered into a Credit Agreement (“New Credit Agreement”).”
Material Agreements
Portillo's Inc. entered into Underwriting Agreement with BofA Securities, Inc. and Jefferies LLC, as underwriters (effective 2022-11-14).
“In connection with the Offering, on November 14, 2022, the Company and PHD Group Holdings, LLC entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and Jefferies LLC, as underwriters (the “Underwriters”) for the purchase and sale of 8,000,000 shares of the Company’s Class A common stock.”
Material Agreements
Portillo's Inc. entered into Stock Unit and Purchase Agreement with certain funds affiliated with Berkshire Partners LLC and other selling stockholders named therein valued at approximately $181.5 million (effective 2022-11-11).
“On November 11, 2022, Portillo’s Inc. (the “Company”) entered into a stock unit and purchase agreement (the “Stock Unit and Purchase Agreement”) with certain funds affiliated with Berkshire Partners LLC and other selling stockholders named therein (collectively, the “Selling Stockholders”), pursuant to which the Company agreed to (i) purchase limited liability company units of its subsidiary, PHD Group Holdings, LLC, from certain of the Selling Stockholders and (ii) purchase shares of Class A common stock of the Company from certain Selling Stockholders, in each case, in a private, non-underwritten transaction made in connection with an underwritten “synthetic secondary” public offering by the Company of 8,000,000 shares of its Class A common stock on November 14, 2022 (the “Offering”).”
Earnings Releases
Portillo's Inc. reported financial results for the third quarter ended September 25, 2022.
“On November 3, 2022 , Portillo’s Inc. (NASDAQ: PTLO) issued a press release reporting results for the third quarter ended September 25, 2022.”
Sherri Abruscato retired as Chief Development & Supply Chain Officer at 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.”
Paulette R. Dodson was elected as Director at 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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.