Every 10-Q that Portillo's Inc. (PTLO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PTLO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PTLO filings page.
Portillo’s Inc. reported modest top-line growth but weaker profitability for the quarter ended June 28, 2026. Revenue rose 5.6% to $199.0 million, driven by new restaurant openings, while same-restaurant sales declined 1.2% as transactions fell 3.4% and higher menu prices only partly offset traffic softness.
Operating income decreased to $13.8 million from $17.5 million and net income to $7.2 million from $10.0 million, pressured by 7.0% commodity inflation, higher occupancy and operating costs, increased depreciation from recent openings, and a $1.7 million legal reserve. Restaurant-Level Adjusted EBITDA slipped to $43.2 million with margin contracting to 21.7%.
The company continues an aggressive development strategy, operating 109 restaurants across 11 states, including its first airport location at Dallas–Fort Worth International Airport, with one additional 2026 opening planned. It ended the quarter with $21.3 million in cash, $340.8 million outstanding under its credit facilities, and remained in compliance with covenants. Subsequent events include a headquarters workforce reduction, expected to incur about $1.1 million of restructuring charges, and the appointment of a new Chief Financial Officer effective September 7, 2026.
Portillo’s Inc. reported softer first-quarter results as margins compressed and earnings turned negative. Revenue rose to $182.6 million, up 3.5% year over year, driven mainly by new restaurant openings, while same-restaurant sales dipped 0.1% as lower average check offset slightly higher traffic.
Operating income fell to $4.5 million from $10.4 million, and the company posted a net loss of $0.5 million versus prior net income of $4.0 million. Restaurant-Level Adjusted EBITDA declined to $34.8 million, and Adjusted EBITDA to $18.5 million, reflecting higher labor, occupancy, pre‑opening, and advertising costs and deleverage from newer units.
Portillo’s operated 106 restaurants as of March 29, 2026 and opened four new locations in Texas during the quarter, with more openings planned, including an airport site at Dallas–Fort Worth. The company highlighted negative same-restaurant sales trends in April and expects further near-term headwinds as it laps prior promotions, while implementing about 2.0% menu price increases in April 2026. Liquidity included $24.0 million in cash and $41.6 million of revolver availability, against $349.3 million of debt and a $344.2 million Tax Receivable Agreement liability. Leadership changes continued, including appointment of a new CEO and an upcoming CFO departure.
Portillo’s Inc. (PTLO) reported softer Q3 results. Revenue was $181.4 million, up 1.8% year over year, while same-restaurant sales declined 0.8% as transactions fell 2.2% and average check rose 1.4%. Operating income fell to $5.4 million from $16.0 million, and net income was $0.8 million versus $8.8 million a year ago; diluted EPS was $0.02.
Costs weighed on margins: food and packaging were 34.5% of revenue, labor 26.6%, and other operating expenses 12.9%. The quarter also included a non-cash $2.2 million trade name impairment tied to the legacy Barnelli’s brand and equity-compensation impacts related to the CEO transition. Year-to-date, revenue was $546.3 million (up 3.9%) with net income of $14.8 million (down from $22.6 million).
Management announced a strategic reset to reinforce value and service, simplify operations (including discontinuing a Chicago breakfast pilot), moderate new unit growth, and target positive free cash flow in 2026. Four restaurants opened in Q3 (99 total as of the filing). Liquidity included $17.2M in cash and a refreshed credit facility (term loan and revolver) with $77.0M drawn on the revolver and effective interest near 6.9% at quarter end.