Earnings ·
Portillo's reports Q2 revenue up 5.6% to $199M as net income falls 28.8% to $7.2M
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.