Chicago’s beloved hot dog chain, Portillo’s Inc., has announced plans to expand its presence with nine new restaurants set to open in 2024. This expansion is part of the company’s goal to reach a total of 920 locations nationwide within the next two decades.
During a recent earnings call, Portillo’s confirmed these plans and reported impressive growth numbers for the fourth quarter. Their total sales increased by 24.5% in Q4 and reached approximately $680 million for FY 2023, up by an impressive 15.8%.
With a focus on mid-teens revenue growth, Portillo’s is dedicated to opening new restaurants and maintaining positive same-restaurant sales figures. Currently operating in 84 locations across multiple states including Arizona, Florida, Illinois and Texas – where they opened four new restaurants last year – this fast-casual chain has strong roots in Chicago since its first hot dog stand known as “The Dog House” opened back in1963 on North Avenue in Villa Park.
This exciting news from Chicago-based Portillo’s highlights their commitment to continued success through strategic expansion efforts without mentioning any specific brand names or affiliations.
