Portillo's enters Texas market with ‘eye-popping' sales levels
Portillo's Inc. opened its first restaurant in the Lone Star State market on Jan. 18 in The Colony, Texas, and it is averaging $48,000 in sales a d...
Portillo's Inc. opened its first restaurant in the Lone Star State market on Jan. 18 in The Colony, Texas, and it is averaging $48,000 in sales a day, said Michael Osanloo, the company CEO. The Oak Brook, Ill.-based fast-casual company's Texas unit 'has been the No. 1 restaurant across the entire system' and the sales would annualize to more than $17 million, rivaling stores in its home base of Chicago, Osanloo said, calling them 'eye-popping numbers.' 'That's a crazy number, so please don't model that,' he said on a fourth-quarter earnings call.