Portillo’s Q4 Revenue Climbs 17% to $155.3M; Names Todd Wilcox CEO
Portillo’s reported Q4 revenue rose 17% year-over-year to $155.3 million, driven by the opening of eight new restaurants across key regional markets. The board appointed longtime COO Todd Wilcox as CEO, effective March 1, to lead the chain’s next phase of national expansion.
1. Q4 Financial Performance
Portillo’s posted Q4 revenue of $155.3 million, marking a 17% increase from the prior year as eight new restaurants opened in Chicago, Dallas and Atlanta markets. Same-store sales climbed 5%, reflecting strong customer demand both in dining rooms and through digital ordering channels.
2. Leadership Change
Effective March 1, COO Todd Wilcox will take over as CEO, succeeding interim leadership. Wilcox brings over 15 years of operational experience and is tasked with accelerating unit growth, optimizing menu offerings and driving long-term margin improvement.