Portillo's Inc. Q1 FY26 Results

Summary

Portillo's Inc. reported financial results for the first quarter ended March 29, 2026. Total revenue increased by 3.5% to $182.6 million, driven by new restaurant openings, though same-restaurant sales decreased slightly by 0.1%. The company experienced a net loss of $0.5 million, a decrease from the net income of $4.0 million in the same quarter last year. Management is focused on building a sustainable, long-term plan centered on consistently great operations, an integrated marketing strategy, and a disciplined development strategy.

Key Highlights

1. 1

   Total revenue reached $182.6 million, reflecting an increase of 3.5% or $6.2 million compared to the first quarter of 2025.

2. 2

   Same-restaurant sales experienced a slight decrease of -0.1%.

3. 3

   Operating income amounted to $4.5 million, a decrease of $5.9 million from the prior year.

4. 4

   The company reported a net loss of $0.5 million, a decrease of $4.5 million from a net income of $4.0 million in the first quarter of 2025.

5. 5

   Restaurant-Level Adjusted EBITDA totaled $34.8 million, representing a decrease of $1.8 million.

6. 6

   Adjusted EBITDA was $18.5 million, a decrease of $2.8 million compared to the previous year.

7. 7

   Four new restaurants were opened during the quarter ended March 29, 2026.