Portillo's lowers sales expectations as McDonald's focus on value weighs on the restaurant sector

3 hours ago 1
Portillo"s and Bernelli"s restaurants in downtown Chicago, IL.

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Portillo's (NASDAQ:PTLO) announced on Wednesday that it will begin a strategic reset of its development and growth plans to sharpen focus on its core markets and enhance unit economics. The aim is to position the company for sustained success.

CEO

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