Portillo’s Inc. reported financial results for the third quarter of 2025. Total revenue was $181.4 million, up 1.8% from the previous year. Same-restaurant sales decreased by 0.8%. Operating income was $5.4 million, a $10.6 million decrease. Net income was $0.8 million, down $8.0 million. Adjusted EBITDA was $21.4 million, a $6.5 million decrease.

Despite challenges, Portillo’s remains focused on delivering outstanding food and guest experiences. During the quarter, four new restaurants opened, bringing the total to 99. Plans include opening three more restaurants in the fourth quarter, including the first location in Georgia. The company is also implementing a new restaurant design to enhance efficiency and reduce costs.

For fiscal 2025, Portillo’s has updated financial targets. These include opening 8 new units, expecting a same-restaurant sales decline of 1% to 1.5%, revenue of $730-$733 million, and a restaurant-level adjusted EBITDA margin of 21.0% to 21.5%. Additionally, they plan to open 8 new restaurants by the end of the fiscal year.

Adjusted EBITDA and Restaurant-Level Adjusted EBITDA are key performance indicators for evaluating the performance and profitability of Portillo’s restaurants. Adjusted EBITDA represents net income before certain expenses, while Restaurant-Level Adjusted EBITDA excludes corporate-level expenses. These measures help assess operating performance and inform business strategies.

Read more at GlobeNewswire: Portillo’s Inc. Announces Third Quarter 2025 Financial