Portillo's Inc. — Third Quarter 2026 Earnings Summary

Portillo's Inc. reported third-quarter 2026 total revenue of $194.1 million, representing a 7.0% increase from the prior year, driven by new restaurant openings and a 1.4% rise in same-restaurant sales. The company achieved net income of $4.8 million and Adjusted EBITDA of $26.5 million, leading to an upward revision of its full-year 2026 Adjusted EBITDA guidance to a range of $98 million to $101 million. To strengthen its portfolio, Portillo's announced plans to close a mid-to-high single digit number of underperforming locations outside of Chicagoland in the fourth quarter of 2026. Additionally, the company introduced a strategic plan focused on operational excellence, integrated marketing, and disciplined development, including a new smaller restaurant prototype targeting higher returns.