Earnings Releases·Nov 5, 2026, 8:01 AM ET

Portillo's Inc. — Third Quarter 2026 Earnings Summary

Total revenue rose 7.0% year-over-year to $194.1 million, while net income surged 508.2% to $4.8 million and Adjusted EBITDA increased 23.7% to $26.5 million.
Fiscal 2026 Adjusted EBITDA guidance was raised to $98–$101 million, with revenue guidance set at $768–$773 million and restaurant-level EBITDA margin guidance increased to 20.0%–20.5%.
The company opened seven new restaurants this quarter to reach a total of 109 locations and introduced a smaller 2028 prototype, while planning to close a mid-to-high single-digit number of underperforming sites outside Chicagoland in Q4 2026.
Management emphasized a strategic shift toward disciplined growth, including stricter site selection criteria targeting >20% cash-on-cash returns for new locations and a capital allocation priority focused on existing assets before expansion or debt reduction.