Portillo's Reports Q3 2026 Revenue Growth and Raises Full-Year Adjusted EBITDA Guidance
Portillo's (PTLO) delivered a strong third quarter for fiscal 2026, reporting revenue of $194.1 million, a 7.0% increase year-over-year. The company saw significant profitability improvements, with Adjusted EBITDA rising 23.7% to $26.5 million and net income climbing to $4.8 million from $0.8 million in the prior year period. Growth was supported by a 2.1% increase in average check size, which helped offset a slight decline in transaction volume. Looking ahead, management raised its full-year Adjusted EBITDA guidance to a range of $98 million to $101 million. However, the company is entering a transitional phase characterized by strategic restructuring. Portillo's plans to close several underperforming restaurants in the fourth quarter, which will result in material cash and noncash charges. To drive long-term efficiency, the company is also pivoting toward smaller 4,600 square foot restaurant prototypes and stricter site selection standards for future unit growth.
Tickers: $PTLO
Topics: EBITDA margin financial guidance operating cash flow revenue growth same-restaurant sales