Portillo's Inc. (PTLO) Form 8-K — Aug 5, 2026

$PTLOForm 8-KItems 2.02, 7.01, 9.01Filed Aug 5, 2026, 4:03 PM ET0001871509-26-000055Original filing

Portillo's reported second quarter 2026 revenue of $199.0 million, up 5.6% year over year, driven by new restaurant openings, while same-restaurant sales fell 1.2% on a 3.4% decline in transactions. Net income dropped 28.8% to $7.2 million and operating income fell 21.4% to $13.8 million, as 7.0% commodity inflation and a $1.7 million legal contingency from the Maverick arbitration compressed margins; Adjusted EBITDA slipped 0.8% to $29.8 million with margin down to 15.0%.

Key figures

Eps: 0.09
Revenue: $199.0 million
Guidance: Fiscal 2026 targets (revised for workforce reduction): 8 new units, mid-single-digit commodity inflation, labor inflation 3%-3.5%, restaurant-level adjusted EBITDA margin 19.5%-20.5%, G&A $78-$82 million, Adjusted EBITDA $92-$96 million, capex $55-$60 million
Net Income: $7.2 million
Total Debt: $338.4 million (short-term debt $97.0M + current portion of long-term debt $6.25M + long-term debt $235.2M)
Revenue Yoy: +5.6%
Total Assets: $1.62 billion
Cash Position: $21.3 million (cash and cash equivalents and restricted cash)
Shares Outstanding: 75,929,307 total (72,504,761 Class A + 3,424,546 Class B) as of June 28, 2026
Average Check: +2.2%
Transactions: -3.4%
Adjusted Ebitda: $29.8 million (-0.8% YoY)
Operating Income: $13.8 million (-21.4% YoY)
Legal Contingency: $1.7 million (Maverick arbitration)
Total Restaurants: 109
Menu Price Increase: ~2.6% prior-year carryover, ~2.0% new increase April 2026
Commodity Inflation: +7.0% YoY
Diluted Eps Prior Year: 0.12
Same Restaurant Sales: -1.2%
Adjusted Ebitda Margin: 15.0% vs 16.0% prior year
Hq Workforce Reduction: approximately 18% (July 31, 2026)
Restaurant Level Margin: 21.7% vs 23.6% prior year
Fiscal2026 New Units Target: 8
Restaurants Opened Fiscal2026: 7
Restaurant Level Adjusted Ebitda: $43.2 million (-2.8% YoY)
Fiscal2026 Adjusted Ebitda Target: $92-$96 million

Price after filing

1 day: -0.2%7 days: +4.8%30 days: -3.1%

Close on the filing date to close N calendar days later (from $4.54). Historical, not a forecast.

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