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Portillo’s Sales Increased 6.3% in First Quarter

Exec-Edge
·1-min read

By Daniella Parra

Portillo’s (Nasdaq: PTLO), Chicago-style fast-casual chain said total sales increased 6.3% and Adjusted EBITDA increased $2.1 million in the first quarter.

Same-restaurant sales decreased 1.2% and net income increased $6.6 million to $5.3 million, the company said.

Portillo’s opened one restaurant in Dallas and aims to open at least nine new restaurants by the end of the year. The brand also appointed its first Chief Information Officer and first Chief Marketing Officer as it continues to grow in new and existing markets, it said.

“I’m thrilled to welcome Keith and Nick into their new roles as we drive Portillo’s continued growth,” said Michael Osanloo, CEO and President. “Keith brings invaluable expertise with a track record of enabling technology to amplify iconic restaurant brands, while Nick’s creativity and passion have long been instrumental in amplifying our beloved brand.“

 

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