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 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 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 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.
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