Portillo’s Stock Near 52-Week Low as CFO Shake-Up Puts Turnaround Plan in Focus
Portillo’s shares traded at $4.10 premarket Friday, near a 52-week low, after the company named Pamela Smith interim CFO following Michelle Hook’s exit. The move comes weeks after Portillo’s reported a first-quarter net loss and flat same-restaurant sales. Analysts have lowered price targets and growth expectations as the chain slows expansion plans.