Earnings ·
Portillo's Inc. reported second quarter 2026 financial results for the period ended June 28, 2026
PTLOPortillo's Inc.
Portillo's Inc. reported second quarter 2026 financial results for the period ended June 28, 2026. Total revenue increased 5.6% to $199.0 million, driven by new restaurant openings, while same-restaurant sales decreased 1.2%. Net income fell 28.8% to $7.2 million from $10.0 million in the prior year period, primarily due to a $3.8 million decline in operating income and higher commodity costs. Adjusted EBITDA decreased slightly by 0.8% to $29.8 million. The company opened its first airport location at Dallas-Fort Worth International Airport during the quarter, bringing total restaurant count to 109. Subsequent to the quarter end, Portillo's implemented a reduction in force affecting approximately 18% of its corporate headquarters workforce to improve operational efficiency and reduce costs.