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.

Portillo's Inc. appointed Kevin Kalicak as Chief Financial Officer and Treasurer, effective September 7, 2026, succeeding Interim CFO Pamela Smith. Kalicak brings over 25 years of financial leadership experience from Darden Restaurants, where he most recently served as Senior Vice President of Finance for Olive Garden. His compensation package includes a $500,000 base salary, a target annual bonus of 75% of base salary, and a Long-Term Incentive Plan with a target value of $750,000 split between restricted stock units and performance stock units. He will also receive a $100,000 sign-on cash award, a guaranteed 2026 annual incentive payment of $187,500, and up to $100,000 in relocation reimbursement. Additionally, the company granted him a one-time inducement award of RSUs valued at $825,000, vesting ratably over three years. Portillo's operates as a fast-casual restaurant chain known for Chicago-style favorites.

Portillo's Inc. entered into an amendment to the independent contractor agreement for Pamela Smith, who serves as Interim Chief Financial Officer and principal accounting officer. The amendment extends her service term through the earlier of December 31, 2026, or the appointment of a permanent Chief Financial Officer. Additionally, Ms. Smith was designated as Treasurer of the Company effective June 29, 2026. Portillo's Inc. is a restaurant operator in the quick-service restaurant industry.