NASDAQ$PTLO

Portillo's Inc. · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Portillo's Inc. reported Q2 2025 results with revenue growth and positive same-restaurant sales.

Portillo's achieved net revenue of $188.5 million in Q2 2025, up 3.6% year-over-year, driven by new restaurant openings and a 0.7% increase in same-restaurant sales. Net income rose to $10.0 million while operating income was $17.5 million. The company continued its expansion with plans for 12 new restaurants in the second half of the year.

  • Revenue increased 3.6% to $188.5 million with same-restaurant sales up 0.7%.
  • Net income grew to $10.0 million and diluted EPS was $0.12.
  • Adjusted EBITDA reached $30.1 million (16.0% margin) and restaurant-level adjusted EBITDA was $44.5 million (23.6% margin).
  • Commodity inflation was 1.9% and the company plans to open 12 new restaurants in H2 2025.

Headline financials

Total Revenue

$188M

Previous: $182M+3.6%
EPS (adj)

$0.13

Previous: $0.10+30.0%
Commodity inflation

1.9%

No prior period
Adjusted EBITDA

$30.1M

Previous: $29.9M+0.7%
Adjusted EBITDA margin

16.0%

Previous: 16.4%-2.4%
Restaurant-level adjusted EBITDA

$44.5M

Previous: $44.6M-0.2%
Restaurant-level adjusted EBITDA margin

23.6%

Previous: 24.5%-3.7%
Total restaurants

94

Previous: 86+9.3%
Same-restaurant sales change

0.7%

Previous: -0.6%+216.7%
Capital Expenditures

-$33.1M

Previous: -$33.9M+2.4%
Net Income

$8.7M

Previous: $6.47M+34.5%
Operating Income

$17.5M

Previous: $18.1M-3.2%
Cash & Equivalents

$16.6M

No prior period
Total Assets

$1.55B

Previous: $1.44B+8.0%

Revenue & EPS history

Portillo's · Revenue · Quarterly

$188M

Q2 2025+3.6%vs Q2 2024
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Forward guidance

The company plans to open 12 new restaurants in the second half of 2025, focusing on the Sunbelt region including Texas and Atlanta, while introducing a new in-line walk-up format.

Tailwinds

  • Continued expansion in high-growth markets
  • New restaurant formats to improve efficiency

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-2.6%

Avg return

Earnings day

-6.0%

Avg return

5 days after

-11.4%

Avg return

30 days after

43%

10 / 23 earnings

Positive

+11.8%

Q4 2023

Best reaction

-17.5%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-16.5%-25.0%-33.7%
Q4 2025-7.1%-7.8%-7.1%
Q3 2025-7.4%-5.7%-5.5%
Q1 2025+1.0%+8.1%+8.1%
Q4 2024+9.8%+2.9%-8.3%
Q3 2024-3.7%-8.3%-23.4%
Q2 2024+11.5%+20.6%+34.6%
Q1 2024-14.7%-16.6%-16.9%
Q4 2023+11.8%+3.7%+3.1%
Q3 2023+9.0%+2.5%+5.2%
Q2 2023-13.1%-14.5%-18.3%
Q1 2023-11.4%-10.8%-10.9%
Q4 2022-0.5%-2.1%-4.4%
Q3 2022+5.0%+7.9%-4.0%
Q2 2022+10.0%+2.5%-9.6%
Q2 2021+10.0%+2.5%-9.6%
Q1 2021+7.7%-4.0%-8.0%
Q1 2022+7.7%-4.0%-8.0%
Q4 2021-7.8%-5.2%-10.4%
Q4 2019-7.8%-5.2%-10.4%
Q3 2020-17.5%-26.4%-41.5%
Q4 2020-17.5%-26.4%-41.5%
Q3 2021-17.5%-26.4%-41.5%
Q2 2020
Q1 2020

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