Portillo's Reports Q3 Revenue Growth, Raises FY2026 EBITDA Guidance
Third-quarter revenue rose 7.0% year over year to $194.1 million; same-restaurant sales grew 1.4% and Adjusted EBITDA increased 23.7%. Portillo's raised its fiscal 2026 Adjusted EBITDA guidance to $98 million-$101 million. It plans to close underperforming locations outside Chicagoland, expects material fourth-quarter charges and prepaid $25 million of debt.
Portillo's Inc. reported total revenue of $194.1 million for the third quarter of 2026, representing a 7.0% increase compared to the same period in 2025. Same-restaurant sales grew by 1.4%, and Adjusted EBITDA rose by 23.7% year-over-year. The company also announced an increase in its fiscal year 2026 Adjusted EBITDA guidance to a range of $98 million to $101 million.
As part of a new strategic plan, the company intends to close underperforming locations outside of the Chicagoland area, a move expected to result in material charges during the fourth quarter. Additionally, the company prepaid $25 million in debt during the quarter, achieving its lowest leverage level in four years.