Welcome to our dedicated page for Portillo'S news (Ticker: PTLO), a resource for investors and traders seeking the latest updates and insights on Portillo'S stock.
Portillo’s Inc. operates a company-owned fast-casual restaurant concept built around Chicago-style favorites, including Italian beef sandwiches, Chicago-style hot dogs, char-broiled burgers, fresh salads, crinkle-cut fries, cake shakes and chocolate cake. News about PTLO commonly centers on quarterly financial results, same-restaurant sales, restaurant-level adjusted EBITDA, restaurant development strategy, limited-time menu offerings, Portillo’s Perks promotions, and executive or board leadership changes.
The company’s updates also describe its multichannel restaurant model across dine-in, drive-thru, takeout and delivery, along with expansion planning, real estate and site selection, prototype design, and construction priorities.
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.
Portillo’s (NASDAQ: PTLO) plans to open a flagship restaurant at 304 North Michigan Avenue in downtown Chicago, its first inline location in the city and second overall.
The 5,500-square-foot site near Millennium Park and Navy Pier will seat nearly 100 guests and mark Portillo’s fourth Chicago and 45th Chicagoland restaurant.
Portillo’s (NASDAQ: PTLO) opened its first-ever airport restaurant at Dallas Fort Worth International Airport on May 27, 2026. Located in Terminal B, the new small-format concept offers dine-in and pick-up-only service tailored to travelers.
The DFW location features register ordering, self-order kiosks, order-ahead pickup and a dedicated Grab & Go area, with seating for more than 50 guests. The menu includes Italian Beef Sandwiches, Chicago-Style Hot Dogs, burgers, fries and Chocolate Cake, plus breakfast from 5:00 a.m. to 10:30 a.m. daily. On May 28, the first 200 guests receive a free slice of Chocolate Cake, and new Portillo’s Perks members get a free French Fries reward, subject to terms and limits.
Portillo’s (NASDAQ: PTLO) reported Q1 2026 results for the quarter ended March 29, 2026. Revenue was $182.6 million (+3.5% YoY). Operating income fell to $4.5 million and net loss was $0.5 million. Adjusted EBITDA was $18.5 million. The company opened four restaurants in Q1 and reports 107 total restaurants as filed. Management announced CFO Michelle Hook will depart effective May 5, 2026. Fiscal 2026 targets include 8 new units, restaurant-level adjusted EBITDA margin of 20.5%–21%, and capital expenditures of $55–$60 million.