F&BSGThe Business of F&B.Portillo's plans restaurant closures despite 7.0% revenue growth
Portillo's quarterly revenue rose 7.0% to US$194.1 million and same-restaurant sales gained 1.4%. It nevertheless plans to close a mid-to-high single-digit number of underperforming restaurants outside Chicagoland, mostly in the fourth quarter.
What happened
Portillo's quarterly revenue rose 7.0% to US$194.1 million and same-restaurant sales gained 1.4%. It nevertheless plans to close a mid-to-high single-digit number of underperforming restaurants outside Chicagoland, mostly in the fourth quarter.
Source and editorial note
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