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QSR & Coffee

Portillo’s

Parent: Portillo’s Inc. · Public; company-operated

Nasdaq: PTLO$6.89+3.8%close Nov. 9, 2026
Credit ratingNot rated
AAAAAABBBBBBCCCD

No verified agency rating.

Founded1963Source: Wikidata
EmployeesNot verifiedNo verified source
Locations109Aug. 5, 2026; source: Portillo’s second-quarter 2026 results
HeadquartersOak Brook, IllinoisQSR & Coffee

New Initiatives

How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.

  • Portillo’s cut corporate staff and slowed expansion to 8 openings in 2026 and 4 to 6 in 2027.

    Source: Bisnow

Portillo’s operates large-format fast-casual restaurants known for Chicago-style hot dogs and Italian beef. All restaurants are company-operated, and the company has slowed its pace of new openings.

Store count

109 as of Aug. 5, 2026
+11.1%/yr annualized over 2.6 yrs (Dec 2023 to Aug 2026)
  1. 632020
  2. 682021
  3. 712022
  4. 832023
  5. 932024
  6. 1012025
  7. 109Latest

Counts as reported at each period end. Sources: PTLO 10-K filed 2024-02-27; PTLO 10-K filed 2025-02-25; PTLO 10-K filed 2026-02-24; Portillo’s second-quarter 2026 results and 2 earlier sources.

Ownership history

  1. 2014

    Berkshire Partners acquires Portillo's Source: Wikipedia: Portillo's

  2. 2021

    Portillo's IPO Source: Wikipedia: Portillo's

SEC Filings

Annual reports filed by Portillo’s Inc.. All filings on EDGAR

PeriodFormFiledDocument
Fiscal year ended Dec. 28, 202510-KFeb. 24, 2026View on sec.gov
Fiscal year ended Dec. 29, 202410-KFeb. 25, 2025View on sec.gov
Fiscal year ended Dec. 31, 202310-KFeb. 27, 2024View on sec.gov
Fiscal year ended Dec. 25, 202210-KMar. 2, 2023View on sec.gov
Latest quarter, period ended Sept. 27, 202610-QNov. 5, 2026View on sec.gov

Credit ratings

AgencyRatingOutlookAs ofSource
S&P GlobalUnavailableNot verifiedNot verified
Moody’sUnavailableNot verifiedNot verified

Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.

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