Quarterly ResultAug 5, 2026, 04:04 PM
Portillo's Q2 Revenue $199M (+5.6%); Net Income $7.2M (-28.8%)
AI Summary
Portillo's Inc. reported mixed financial results for Q2 2026, with total revenue increasing 5.6% to $199.0 million, but net income declining 28.8% to $7.2 million and same-restaurant sales decreasing 1.2%. The company continued its expansion, opening three new restaurants during the quarter, including its first airport location. Subsequent to the quarter, Portillo's implemented a workforce reduction of approximately 18% at its corporate headquarters and field management to improve efficiency, and updated its fiscal 2026 financial targets.
Key Highlights
- Total revenue for Q2 2026 increased 5.6% to $199.0 million.
- Net income for Q2 2026 decreased 28.8% to $7.2 million.
- Same-restaurant sales decreased 1.2% in Q2 2026.
- Adjusted EBITDA for Q2 2026 was $29.8 million, a 0.8% decrease.
- Opened 3 new restaurants in Q2 2026, including the first airport location.
- Reduced corporate headquarters workforce by approximately 18% on July 31, 2026.
- Fiscal 2026 outlook targets 8 new units and Adjusted EBITDA of $92-$96 million.
Price Impact
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