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Filing Flows › Portillo's (PTLO) › Q3 2026 › vs Q2 2026

Portillo's (PTLO) Q3 2026 vs Q2 2026 (quarter over quarter)

Portillo's's revenue fell $4.9M (-2%) from $199M in Q2 2026 to $194M in Q3 2026. Operating margin 6.1% against 6.9% (-0.9 pts).

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 draws each line against Q2 2026, the increases inside each band.

Portillo's: what changed, Q3 2026 vs Q2 2026Portillo's: what changed, Q3 2026 vs Q2 2026Working capital & other$11.8MFree cash flow (OCF − capex)$10.9MOperating cash flow$9.1MOther operating costs−$3.1MCosts & expenses−$2.9MNet earnings−$2.4MPre-tax earnings−$2.4MOperating profit−$2.0MCapital expenditures−$1.8MOther expense, net$374K

Margins

Q3 2026Q2 2026Change
Operating margin6.1%6.9%-0.9 pts
Net margin2.3%3.5%-1.2 pts
Free cash flow margin8.6%3.0%+5.7 pts

Every line

LineQ3 2026Q2 2026Change%
Revenue$194M$199M−$4.9M-2%
Operating profit$11.8M$13.8M−$2.0M-14%
Costs & expenses$182M$185M−$2.9M-2%
Pre-tax earnings$6.6M$8.9M−$2.4M-27%
Other expense, net$5.2M$4.9M$374K+8%
General & admin$19.8M$19.6M$191K+1%
Other operating costs$163M$166M−$3.1M-2%
Net earnings$4.5M$6.9M−$2.4M-35%
Minority interests$251K$211K$40K+19%
Income tax$1.8M$1.8M$28K+2%
Depreciation & amortization$8.3M$8.3M$84K+1%
Share-based compensation$2.3M$2.6M−$333K-13%
Working capital & other$11.6M−$228K$11.8M—
Operating cash flow$26.7M$17.6M$9.1M+52%
Free cash flow (OCF − capex)$16.8M$5.9M$10.9M+185%
Capital expenditures$9.9M$11.7M−$1.8M-15%

Questions

How much did Portillo's's revenue grow quarter over quarter in Q3 2026?

Portillo's's revenue fell $4.9M (-2%) from $199M in Q2 2026 to $194M in Q3 2026. Operating margin 6.1% against 6.9% (-0.9 pts).

Q3 2026 results → · Compare in the interactive Sankey →