Portillo's Q1 net loss $0.5M; same-restaurant sales -0.1%; CFO Hook departs

Portillo's Inc.

2026-Q1 EPS reported -$0.01 revenue$182,623,000

Revenue $182.6M (+3.5% YoY), but net loss $0.5M vs net income $4.0M in prior year.
Operating income fell 56.7% to $4.5M; Adj EBITDA $18.5M, down 13% YoY.
Same-restaurant sales -0.1% pressured by lower average check; opened 4 restaurants in Q1.
CFO Michelle Hook departs effective May 5, 2026; board initiates successor search.
FY2026 guidance: Adj EBITDA flat vs 2025; 8 new units; capex $55-60M.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Michelle Hook

Chief Financial Officer

PTLO · Portillo's Inc.

Effective: 2026-05-05
Filed: May 5, 2026, 7:59 PM ET

On April 30, 2026, Michelle Hook informed the Chief Executive Officer and General Counsel and Secretary of Portillo’s Inc. (the “Company”) that she will depart from her role as Chief Financial Officer of the Company, effective May 5, 2026.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Portillo's Inc. reported first quarter ended March 29, 2026 results: revenue $182.6 million, net income Net loss of $0.5 million. Guidance initiated.

Period: first quarter ended March 29, 2026
Revenue: $182.6 million
Net income: Net loss of $0.5 million
Guidance: initiated
Result: reported results

Exact text from the filing

Revenues for the quarter ended March 29, 2026 were $182.6 million compared to $176.4 million for the quarter ended March 30, 2025, an increase of $6.2 million or 3.5%.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michelle Hook departed as Chief Financial Officer at Portillo's Inc..

Action: depart
Role: Chief Financial Officer

Exact text from the filing

On April 30, 2026, Michelle Hook informed the Chief Executive Officer and General Counsel and Secretary of Portillo’s Inc. (the “Company”) that she will depart from her role as Chief Financial Officer of the Company, effective May 5, 2026.

View on SEC.gov

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Portillo's Inc. filing history →

Source: SEC EDGAR

accession 0001871509-26-000032

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