PTLO

Portillo's Inc. operates a fast-casual restaurant chain specializing in Chicago-style food, primarily known for its Italian beef sandwiches, hot dogs, burgers, and chocolate cake. Headquartered in Oak Brook, Illinois, the company operates over 70 locations across nine states, predominantly in the Midwest and expanding into new markets including Florida, Texas, and Arizona. Founded in 1963 by Dick Portillo as a small hot dog stand, the brand has cultivated a loyal following through its distinctive menu, energetic restaurant atmosphere, and drive-through operations that generate approximately 60% of sales. The company went public in October 2021, trading on NASDAQ under the ticker PTLO, following its acquisition by Berkshire Partners in 2014. Portillo's employs over 8,000 team members and generates annual revenues exceeding $600 million. The company pursues a disciplined expansion strategy, typically opening 10% new unit growth annually while maintaining strong unit-level economics with average unit volumes significantly above fast-casual industry benchmarks. Recent initiatives include kitchen optimization projects, digital ordering enhancements, and geographic expansion into high-growth Sun Belt markets. The brand differentiates itself through scratch-made food preparation, nostalgic 1950s-themed decor, and a unique operational model that combines quick-service speed with casual dining quality.