earnings
confidence high
sentiment negative
materiality 0.80
Portillo's Q3 net income falls 91% to $0.8M; cuts FY2025 outlook
Portillo's Inc.
2025-Q3 EPS reported
$0.19
revenue$546,321,000
- Net income $0.8M vs $8.8M YoY; operating income down 66% to $5.4M.
- Same-restaurant sales -0.8% on 2.2% fewer transactions; menu prices up ~3.2%.
- Adjusted EBITDA $21.4M, down 23.4%; Restaurant-Level EBITDA $36.7M, down 12.5%.
- Updated FY2025 targets: rev $730-733M, adj EBITDA $90-94M, same-store sales -1 to -1.5%, 8 new units.
- CEO transition: Mike Miles interim; $3.3M dead site costs; $2.2M Barnelli's trade name impairment.