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GlobeNewswire·

Portillo's Inc. Announces Fourth Quarter and Fiscal Year 2025 Financial Results

PTLO
  • Portillo's Inc. reported fourth quarter 2025 total revenue of $185.7 million, a 0.6% increase from the prior year period.
  • Same-restaurant sales decreased 3.3% in the fourth quarter 2025, driven by a 3.3% drop in transactions.
  • Fourth quarter 2025 operating income fell to $10.3 million, down $3.5 million year-over-year, while net income dropped to $6.3 million, a decrease of $6.2 million.
  • Fiscal year 2025 total revenue reached $732.1 million, up 3.0% from fiscal 2024, though same-restaurant sales decreased 0.5% for the full year.
  • Fiscal year 2025 operating income was $43.7 million, a decrease of $14.4 million, with net income declining to $21.1 million, a drop of $14.0 million.
  • The company opened 8 new restaurants in fiscal 2025, bringing the total count to 102, with 2 additional openings occurring after the period end to reach 104 total locations.
  • Rising commodity prices, higher labor costs, and expenses related to new restaurant openings contributed to increased operating expenses.
  • Mike Miles served as Interim CEO during the quarter, with new CEO Brett Patterson appointed effective February 23, 2026.
  • Brett Patterson received a one-time inducement grant of 69,084 restricted stock units valued at $400,000 upon his appointment.
  • Fiscal 2026 outlook targets 8 new units, mid-single digit commodity inflation, 3% to 3.5% labor inflation, & flat Adjusted EBITDA compared to 2025.
  • The Comparable Restaurant Base for the fourth quarter 2025 included 80 restaurants, while the fiscal 2024 base included 71 restaurants.