Portillo's Inc.

Portillo's announced the launch of two new limited-time menu items: the Dr Pepper Shake and the Dr Pepper Cake Shake. These new shakes are a collaboration with Dr Pepper, blending Portillo's vanilla shake or famous chocolate cake with the unique flavor of Dr Pepper. The company's Chief Marketing Officer, Denise Lauer, highlighted the unique and craveable nature of these new offerings, which are available at participating locations nationwide while supplies last.

Portillo's Inc. reported a 5.6% increase in net revenues to $199.0 million for the quarter ended June 28, 2026, compared to the prior year. However, net income attributable to Portillo's Inc. decreased by 20.2% to $6.9 million, resulting in a 25% decline in diluted EPS to $0.09. For the first two quarters, net revenues rose 4.6% to $381.6 million, while net income fell 45.6% to $6.5 million, with diluted EPS also down 50% to $0.09. The company operated 108 restaurants as of June 28, 2026.

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.

Portillo's Inc. announced the appointment of Kevin Kalicak as its new Chief Financial Officer and Treasurer, effective September 7, 2026. Mr. Kalicak, 53, brings extensive restaurant industry financial leadership experience from Darden Restaurants, where he most recently served as Senior Vice President of Finance for Olive Garden. He will receive an annual base salary of $500,000, with eligibility for a 75% target annual bonus and a $750,000 target Long-Term Incentive Plan, along with significant sign-on awards.

Portillo's Inc. announced that it will host its second quarter 2026 earnings webcast on Wednesday, August 5, 2026, at 4:30 p.m. ET. The live webcast will be available on the company's investor relations website. The Q2 2026 earnings release is scheduled to be distributed after market close on the same day.

Portillo's announced plans to open a new restaurant in Wrigleyville, Chicago, marking its fifth location in the city and 46th in the greater Chicagoland area. The approximately 4,600-square-foot restaurant, set to open next year, will feature over 60 seats and the brand's first-ever walk-up window. The announcement, timed with National Hot Dog Day, reinforces Portillo's commitment to its hometown and builds on its growth strategy. The company is also celebrating with a pop-up event in Wrigleyville and a limited-time Char'diniera Dog, alongside a special offer for loyalty program members.

Portillo's Inc. announced an amendment to the independent contractor agreement with Pamela Smith, extending her term as Interim Chief Financial Officer and principal accounting officer. Her service is now extended through December 31, 2026, or until a permanent CFO is appointed. Additionally, Ms. Smith has been designated to serve as Treasurer of the Company during her engagement.

Portillo's Inc. announced the launch of its new Char’diniera Dog, developed in partnership with Vienna Beef. This limited-time offering, available from June 30, features a char-grilled beef hot dog infused with giardiniera and provolone cheese, marking the start of Portillo’s Hot Dog Season. The company will also offer patriotic packaging for America's 250th anniversary and a special $1 hot dog deal for loyalty program members from July 14-16.

Portillo's Inc. announced plans to open a new flagship restaurant on Chicago's famed Michigan Avenue. This will be the company's first inline location in the city and fourth overall in Chicago, reinforcing its commitment to its hometown. The 5,500-square-foot restaurant, designed for high-foot-traffic, will feature nearly 100 seats and offer dine-in, pick-up, and delivery services, aligning with Portillo's broader growth strategy.

Portillo's announced the grand opening of its first-ever airport location at Dallas Fort Worth International Airport (DFW) on May 27. Located in Terminal B, this new small-format concept is designed for travelers, featuring efficient ordering options like self-order kiosks and a dedicated Grab & Go area. The restaurant will offer its iconic menu for lunch and dinner, along with a new breakfast menu, and will celebrate its opening by offering free Chocolate Cake to the first 200 guests on May 28.