Portillo’s announces strategic reset of development, growth plans

Portillo’s (PTLO) announced a strategic reset of its development and growth plans to sharpen focus on its core markets, enhance unit economics, and position the company for sustained success. Michael Osanloo, Portillo’s President and CEO: “As we advance Portillo’s growth strategy, two priorities stand out. First, driving sustainable traffic through consistent service and value. And second, disciplined development with restaurants designed for strong unit economics, attractive four-wall returns, and efficient capital deployment that will fuel long-term growth. The initiatives we announced today directly align with these priorities and are anchored by four clear goals: Drive transactions by reinforcing value and service. Simplify operations, including the discontinuation of our Chicago breakfast pilot. Sharpen focus with a more measured pace of new restaurant growth. Optimize capital deployment to position Portillo’s for positive free cash flow in 2026. We are confident in our strategy and our ability to execute. Our team remains fully committed to creating long-term shareholder value while delivering a one-of-a-kind experience for both new and loyal Portillo’s guests.”