None
EN
Portillo’s Q2 Earnings Call Highlights
['Tristan Rich']
Markets Daily
Smith said same-restaurant sales were running slightly positive entering the third quarter, though Portillo’s expects continued promotional and cannibalization headwinds in August and September.
Portillo’s now expects full-year adjusted EBITDA of $92 million to $96 million.
Strategic Reset and Development ChangesFollowing the quarter, Portillo’s reduced its corporate headquarters workforce, with no direct impact on restaurant-level team members.
Portillo’s expects to open one additional restaurant in the fourth quarter, a downtown Chicago in-line location.
The company was founded in 1963 by Dick Portillo, who opened the first Portillo’s in Villa Park, Illinois.