Portillo’s Q1 Revenue Increases 3.5% Amid Expansion

By Karen Roman

Portillo’s Inc. (Nasdaq: PTLO) said first quarter total revenue increased 3.5% to $182.6 million from a year earlier.

Net loss was $0.5 million compared to net income of $4.0 million a year prior, and restaurant-level adjusted EBITDA decreased $1.8 million to reach $34.8 million, it stated.

The company said it opened four restaurants during the first quarter and expects to open three more in 2026, including its first airport location at Dallas–Fort Worth.

“Our focus is on building a sustainable, long-term plan centered on three priorities: consistently great operations, an integrated marketing strategy, and a disciplined development strategy that creates compelling shareholder value,” said Brett Patterson, Portillo’s President and CEO.

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