Portillos Q3 revenue rises 7%, slightly beats estimates
PTLO•Portillo's third-quarter revenue rose 7% to $194.1 million, slightly above the $193.18 million consensus estimate, while net income was $4.8 million. The company raised its 2026 adjusted EBITDA forecast to $98 million-$101 million and expects revenue of $768 million-$773 million.
1. Quarterly results
Portillo's reported third-quarter revenue of $194.1 million, up 7% and slightly above analyst expectations of $193.18 million. Net income was $4.8 million, restaurant-level adjusted EBITDA was $26.5 million and operating income was $11.8 million.
2. 2026 outlook
The company expects 2026 revenue of $768 million-$773 million and raised its adjusted EBITDA forecast to $98 million-$101 million from $92 million-$96 million. It sees a 2026 restaurant-level adjusted EBITDA margin of 20.0%-20.5%.
3. Growth and closures
Portillo's said new restaurant openings in 2025 and 2026 mainly drove revenue growth. Higher menu prices contributed to same-restaurant sales growth, offsetting lower transaction counts, while reduced costs from its prior strategic reset lowered general and administrative expenses. The company plans to close several underperforming restaurants outside Chicagoland.
