Portillo's Q4 Revenue Flat at $185.7M, EPS Beats by 74%
Portillo's Q4 CY2025 revenue remained flat at $185.7 million, matching estimates, while GAAP EPS of $0.08 topped the $0.05 consensus by 74.3%, despite operating margin slipping to 5.6% from 7.5%. The chain expanded to 102 locations but saw same-store sales decline 3.3% year on year.
1. Q4 Financial Results
Portillo’s reported Q4 revenue of $185.7 million, flat year on year and in line with estimates. GAAP EPS of $0.08 topped the $0.05 consensus by 74.3%, while adjusted EBITDA reached $24.7 million and operating margin declined to 5.6% from 7.5%.
2. Restaurant Growth and Same-Store Sales
The chain expanded to 102 locations from 94 a year ago, maintaining a rapid rollout pace. However, same-store sales fell 3.3% year on year, reversing the 0.4% gain in the prior-year quarter and signaling softness in existing markets.
3. Strategic Reset and Outlook
Interim CEO Mike Miles implemented a reset of the restaurant growth strategy, refocusing on operational fundamentals and deploying more dynamic marketing tactics. These measures aim to stabilize margins and reignite same-store sales momentum in fiscal 2026.