Portillo's Q3 revenue rises 7.0% to $194.1 million; to close underperforming restaurants
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.
Key points
- 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
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 November 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.