Portillo's Q2 revenue rises 5.6% to $199.0 million, but net income falls 28.8%
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
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.