Portillo’s Inc. Reports Modest Revenue Growth Amid Challenges

Portillo’s, Inc. ( (PTLO) ) has released its Q3 earnings. Here is a breakdown of the information Portillo’s, Inc. presented to its investors.

Portillo’s Inc., a renowned restaurant chain known for its Chicago-style menu, operates in the fast-casual dining sector, offering a unique blend of dine-in, drive-thru, takeout, and delivery services. In its third quarter of 2025, Portillo’s reported a modest revenue increase of 1.8% to $181.4 million, despite a 0.8% decline in same-restaurant sales. The company faced challenges with a significant drop in operating income by 66% to $5.4 million and a net income decrease of 91% to $0.8 million, attributed to increased operating expenses and legacy impairment charges. Key financial metrics showed a decline, with Restaurant-Level Adjusted EBITDA down by 12.5% to $36.7 million and Adjusted EBITDA falling by 23.4% to $21.4 million. Despite these challenges, Portillo’s expanded its footprint by opening four new restaurants in the quarter, including its first in-line restaurant format, and plans to continue its growth with three more openings in the fourth quarter. Looking ahead, Portillo’s management remains focused on optimizing unit economics and expanding strategically, with a cautious outlook on same-restaurant sales and continued investment in new restaurant formats to enhance efficiency and guest experience.