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Portillo's (PTLO) guidance and outlook
Portillo's (PTLO) raised some and lowered other parts of its guidance on Nov 5, 2026: EBITDA margin 20%–20.5% for FY2026; EBITDA $98.0M–$101M for FY2026; Capital expenditures $55.0M for FY2026. Portillo's 10-Q filed Nov 5, 2026 makes 10 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | +2% to +3% | new |
| EBITDA margin | FY2026 | 20%–20.5% | raised |
| EBITDA | FY2026 | $98.0M–$101M | raised |
| Capital expenditures | FY2026 | $55.0M | lowered |
From the earnings release filed Nov 5, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- Together, these priorities are intended to strengthen the guest experience, improve operational and financial performance, and position the Company for sustainable, long-term growth.
- We plan to open one additional restaurant in the fourth quarter of 2026, which will be our second in-line location and will be located in Chicago, Illinois.
- In addition to the GAAP measures presented in our financial statements, we use the following selected operating data and non-GAAP financial measures to evaluate our business, measure our performance, develop financial forecasts and make strategic decisions.
- (8) Represents fees incurred for discrete, project-based strategic initiatives that are not part of the Company's ongoing operations and are included within general and administrative expense.
- Given the magnitude and scope of these initiatives and that they are not expected to recur in the foreseeable future, the Company considers the associated consulting fees not reflective of the ongoing costs to operate its business.
- As of September 27, 2026, we estimate that our obligation for future payments under the TRA totaled $343.2 million.
- The payments that we are required to make will generally reduce the amount of overall cash flow that might have otherwise been available to us, but we expect the cash tax savings we will realize to fund the required payments.
- Assuming no material changes in relevant tax law and that we earn sufficient taxable income to realize all tax benefits that are subject to the TRA, we estimate that the tax savings associated with all tax attributes described above would aggregate to approximately $403.8 million as of September 27, 2026.
- We expect a payment of $2.3 million relating to tax year 2025 to be paid within the next 12 months.
- Debt for further information on or about our obligations and the timing of expected payments.
Portillo's latest quarter
Portillo's, Q3 2026: revenue $194M (+7% year over year), operating margin 6.1%, net earnings $4.5M, operating cash flow $26.7M. The chart follows the revenue to costs, profit and cash.
Questions
Did Portillo's raise or lower its guidance?
Portillo's (PTLO) raised some and lowered other parts of its guidance on Nov 5, 2026: EBITDA margin 20%–20.5% for FY2026; EBITDA $98.0M–$101M for FY2026; Capital expenditures $55.0M for FY2026.
What does Portillo's expect?
Together, these priorities are intended to strengthen the guest experience, improve operational and financial performance, and position the Company for sustainable, long-term growth. We plan to open one additional restaurant in the fourth quarter of 2026, which will be our second in-line location and will be located in Chicago, Illinois. In addition to the GAAP measures presented in our financial statements, we use the following selected operating data and non-GAAP financial measures to evaluate our business, measure our performance, develop financial forecasts and make strategic decisions.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.