Portillo's Shares Up 20%, Raises FY Outlook

By Karen Roman

Portillo’s Inc. (Nasdaq: PTLO) said third quarter total revenue was up 7% to $194.1 million compared to the year prior, due to seven new restaurant openings and higher same-restaurant sales, with the latter increasing 1.4%.

Net income was $4.8 million rising $4 million, and adjusted EBITDA was up 23.7% to $26.5 million, the company stated.

Portillo added it is raising its 2026 guidance and now expects adjusted EBITDA between $98 million and $101 million, compared to the previous range of $92 million to $96 million.

Agenda with Keynotes 1789 Capital, Better Home: 6th Palm Beach CorpGov Forum Nov 4-5

“We are also introducing a strategic plan focused on strengthening our core business, driving profitable growth and creating shareholder value,” said Brett Patterson, Portillo’s CEO. “Our strategy is centered on running great restaurants, leveraging integrated marketing and pursuing disciplined development, all underpinned by a financial framework that guides decisions, strengthens accountability and positions Portillo’s for long-term success.”