Portillo's (PTLO) Stock News

Portillo’s (PTLO) is teaming up with the OREO brand to introduce three limited-time desserts at its restaurants nationwide. The OREO Shake, OREO Cake and OREO Cake Shake are available beginning October 6, 2026, while supplies last. The offerings combine OREO cookie pieces with a vanilla shake, white cake or a shake blended with OREO Cake.

From October 12–18, Portillo’s Perks loyalty members can purchase a $1 slice of OREO Cake with a purchase of $5 or more. The offer is limited to one discounted slice per qualifying transaction, with additional terms and exclusions.

Portillo’s (PTLO) plans to open a new restaurant in Buford, Georgia, in 2027, marking its second location in the state after Kennesaw’s November 2025 opening.

The approximately 4,900-square-foot site at Buford Highway and Mall of Georgia Boulevard will seat nearly 100 guests indoors and about 20 on an outdoor patio. It will feature double drive-thru lanes, Portillo’s Pick-Up shelves and a Grab and Go area. Guests can expect the brand’s Chicago-style menu, including Char-Broiled Burgers, hot dogs, Italian beef sandwiches and chocolate cake.

Portillo’s (NASDAQ:PTLO) has launched two limited-time beverages in collaboration with Dr Pepper: the Dr Pepper Shake and Dr Pepper Cake Shake. The shakes blend Portillo’s vanilla shake and, for the Cake Shake, a full slice of its chocolate cake with Dr Pepper’s 23 signature flavors.

According to Portillo’s and Keurig Dr Pepper (NASDAQ:KDP), the products are available now for a limited time at participating Portillo’s locations nationwide, while supplies last.

Portillo’s (NASDAQ: PTLO) reported second quarter 2026 revenue of $199.0 million, up 5.6% year over year, driven mainly by new restaurant openings. Same-restaurant sales decreased 1.2% as transactions fell 3.4%, partly offset by a 2.2% higher average check following menu price increases.

Net income was $7.2 million, down 28.8%, with operating income at $13.8 million as higher commodity, labor and occupancy costs pressured margins and other loss rose due to a legal contingency. Adjusted EBITDA was $29.8 million (down 0.8%), and Restaurant-Level Adjusted EBITDA was $43.2 million (down 2.8%).

The company opened three new units in Q2, including its first airport location at Dallas-Fort Worth International, bringing the system to 109 restaurants. For fiscal 2026, Portillo’s targets Adjusted EBITDA of $92–$96 million, restaurant-level adjusted EBITDA margin of 19.5%–20.5%, 8 new units, and capital expenditures of $55–$60 million.

On July 31, 2026, Portillo’s implemented a reduction in force affecting corporate and certain field management roles, reducing its corporate headquarters active workforce by approximately 18%, with no restaurant-level team members impacted.

Portillo’s (NASDAQ: PTLO) appointed Kevin Kalicak as Chief Financial Officer and Treasurer, effective September 7, 2026. He will lead finance, including FP&A, accounting, investor relations, internal audit, tax, supply chain and other corporate financial functions.

Kalicak joins Portillo’s after more than 25 years at Darden Restaurants, most recently as Senior Vice President of Finance for Olive Garden, overseeing a brand with over 900 restaurants and $5 billion in annual sales. According to Portillo’s, he will receive a one-time RSU sign-on award valued at $825,000, based on the closing stock price on September 4, 2026. The RSUs will vest ratably over three years, subject to continued employment, and are being granted as an inducement award under Nasdaq Listing Rule 5635(c)(4).

Portillo’s (NASDAQ: PTLO) will host its Q2 2026 earnings webcast on Wednesday, August 5 at 4:30 p.m. ET. The live event will be accessible via investors.portillos.com and will be archived on the Portillo’s investor relations website for replay. The Q2 2026 earnings release is scheduled to be issued after market close on the same day.

Portillo’s (NASDAQ: PTLO) has appointed Chef Christopher Hansen as Executive Chef and Senior Director of Culinary Innovation, effective July 23, 2026. He will oversee culinary strategy, menu innovation, recipe and product development, working closely with marketing, operations and supply chain teams to support growth and guest engagement.

According to Portillo’s, Hansen brings more than 30 years of leadership experience across restaurant, foodservice and consumer packaged goods, including roles at Guzman y Gomez, McIlhenny Tabasco Company and OSI Industries. He is expected to help preserve Portillo’s classic Chicago-style offerings while expanding its menu as the brand pursues nationwide growth.

Portillo’s (NASDAQ: PTLO) announced plans to open a new restaurant in Chicago’s Wrigleyville neighborhood at 3519 N. Clark Street, using a smaller-format, high-foot-traffic design. The roughly 4,600-square-foot site will have over 60 seats, dine-in, pickup, delivery and the brand’s first walk-up window, and is expected to open next year.

This will be Portillo’s fifth restaurant in Chicago and 46th in greater Chicagoland. To mark National Hot Dog Day, the company is hosting a Wrigleyville pop-up event and offering Perks members nationwide a $1 hot dog with a $5 purchase through July 16, alongside a limited-time Char’diniera Dog co-created with Vienna Beef.

Portillo’s (NASDAQ:PTLO) is launching the limited-time Char’diniera Dog, created with Vienna Beef, to mark America’s 250th anniversary and kick off its first Hot Dog Season. The char-grilled beef hot dog features giardiniera and provolone and is available in Maxwell-style, classic Chicago-style, nudie, or custom-topped versions.

Hot Dog Season also includes patriotic packaging and a Perks loyalty offer of a $1 hot dog with a $5+ purchase during National Hot Dog Week, July 14–16.