Every material Form 8-K Portillo's Inc. has filed with the SEC since August 05, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Portillo's reported third-quarter 2026 revenue of $194.1 million, up 7.0%, and net income of $4.8 million, up from $0.8 million a year earlier, and raised its full-year adjusted EBITDA guidance to $98-$101 million from $92-$96 million. The company also approved closing a mid-to-high single digit number of underperforming restaurants outside Chicagoland, mostly in the fourth quarter of 2026. Shareholders should note that the company expects material closure charges but has not yet estimated their amount.
Q3 revenue $194.1 million, up $12.6 million or 7.0%; same-restaurant sales up 1.4%
Net income $4.8 million vs. $0.8 million a year earlier; adjusted EBITDA $26.5 million, up 23.7%
Full-year adjusted EBITDA guidance raised to $98-$101 million from $92-$96 million; revenue target $768-$773 million
Closures: mid-to-high single digit number of restaurants, majority in fiscal Q4 2026; charges not yet estimated
Portillo's agreed on October 5, 2026 that Chief People Officer Jill Waite will leave the company effective November 1, 2026. The filing says her departure qualifies for benefits under the company's Senior Executive Severance Plan, and a separation agreement with a release of claims is expected later.
Departure date: November 1, 2026, agreed on October 5, 2026
Expected severance includes base salary continuation, a prorated 2026 annual bonus, and COBRA premium reimbursement, subject to a signed release
Outplacement services for up to 12 months, capped at $25,000
19,795 and 6,282 RSUs expected to vest on November 2, 2026; other unvested equity is forfeited
Portillo's reported second-quarter 2026 revenue of $199.0 million, up 5.6%, while same-restaurant sales fell 1.2% and net income dropped to $7.2 million. The company also cut about 18% of its corporate headquarters workforce on July 31, 2026, and revised its fiscal 2026 targets, which include adjusted EBITDA of $92 million to $96 million.
Revenue rose $10.5 million to $199.0 million, while same-restaurant sales decreased 1.2% on a 3.4% drop in transactions
Net income fell $2.9 million, or 28.8%, to $7.2 million; adjusted EBITDA was $29.8 million, down $0.2 million
On July 31, 2026, the company reduced its corporate headquarters active workforce by about 18%; no restaurant-level team members were affected
Fiscal 2026 targets include adjusted EBITDA of $92 million to $96 million and capital expenditures of $55 million to $60 million
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Portillo's Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →