Key Summary: On August 15, 2024, Engaged Capital (9.9%) stated it is working with the Board and management to enhance business value through better restaurant performance, cash returns, governance, and potential sale.Market Cap: $732 million| Portillo's Inc. owns and operates fast casual restaurants in the United States.
On August 15, 2024, Engaged Capital (9.9%) announced its ongoing communication with the Board and management to unlock the business's intrinsic value. This includes optimizing reengaged-capital-initiates-discussions-with-portillo-s-inc-ptlostaurant performance, improving cash returns at the restaurant level, enhancing corporate governance, and possibly exploring a company sale. Source
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