The combination of a revenue miss, GAAP EPS miss, 57% operating income collapse, CFO departure, and flat EBITDA guidance is a clear negative signal. Expect the stock to trade down sharply. Watch for the CEO's strategic update on the Q2 call and whether the CFO search reveals any further management instability.
Price Chart
Executive Summary
Portillo's Q1 2026 revenue grew 3.5% to $182.6M, slightly below the $183.3M consensus, while GAAP diluted EPS was -$0.01 (a loss), a sharp reversal from $0.05 in the prior year. Operating income collapsed 56.7% to $4.5M, net income swung to a $0.5M loss, and the CFO departed effective today. The company guided to flat Adjusted EBITDA vs 2025, implying no near-term earnings growth.
Key Financial Metrics
Key Facts
- Revenue $182.6M (+3.5% YoY) vs consensus $183.3M — slight miss
- GAAP diluted EPS -$0.01 vs consensus $0.00 — miss; prior year $0.05
- Operating income $4.5M, down 56.7% from $10.4M
- Net loss $0.5M vs net income $4.0M in prior year
- Same-restaurant sales -0.1%, AUV declined to $8.3M from $8.7M
- Restaurant-Level Adjusted EBITDA margin fell 170bps to 19.1%
- CFO Michelle Hook departing effective today
- Fiscal 2026 guidance: flat Adjusted EBITDA vs 2025; 8 new units; G&A $80-82M
Financial Impact
Operating income declined $5.9M (56.7%) YoY; net income swung from +$4.0M to -$0.5M; Adjusted EBITDA guided flat vs 2025
Risk Factors
- CFO departure creates leadership vacuum during a strategic reset
- Flat Adjusted EBITDA guidance implies no earnings growth in FY2026
- Same-restaurant sales negative (-0.1%) despite menu price increases
- Restaurant-Level margins compressing 170bps YoY
- Commodity inflation (mid-single digit) and labor inflation (3-3.5%) persist
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3287639 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | 8-K | $3.78 | awaiting T+60 | — | $4.28 (+13.23%) |
Aug 4, 2026 12w ago | 8-K | $4.53 | awaiting T+60 | — | $4.28 (−5.52%) |
Jul 23, 2026 13w ago | Press Release | $4.35 | awaiting T+60 | — | $4.28 (−1.61%) |
Jun 30, 2026 16w ago | 8-K | $4.99 $3.61 | ▼ −27.66% | ▼ −30.53% | $4.28 (−14.23%) |
May 5, 2026 25w ago | 8-K | $4.79 $4.62 | ▲ +3.45% | ▲ +6.19% | $4.28 (+10.55%) |
May 5, 2026 25w ago | Press Release | $4.79 $4.62 | ▲ +3.45% | ▲ +6.19% | $4.28 (+10.55%) |
Apr 20, 2026 27w ago | Press Release | $6.32 | awaiting T+60 | — | $4.28 (−32.28%) |
Apr 17, 2026 27w ago | DEFA14A | $6.32 $4.59 | ▼ −27.37% | ▼ −34.15% | $4.28 (−32.28%) |
US Market Status
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