# Portillo's Inc.: overview

PTLO · Nasdaq · CIK 1871509 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 27

Pages: [Overview](/companies/ptlo.md) · [Financials](/companies/ptlo/financials.md) · [Filings](/companies/ptlo/filings.md) · [Insiders](/companies/ptlo/insiders.md)

Latest reported revenue: [$199.0m](/filings/0001871509-26-000056.md) for Q2 FY2026, three months to 2026-06-28, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001871509-26-000056).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-29) | Q4 FY2024 (2024-12-29) | Q1 FY2025 (2025-03-30) | Q2 FY2025 (2025-06-29) | Q3 FY2025 (2025-09-28) | Q4 FY2025 (2025-12-28) | Q1 FY2026 (2026-03-29) | Q2 FY2026 (2026-06-28) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [178](/filings/0001871509-25-000152.md) | [185 d](/filings/0001871509-26-000012.md) | [176](/filings/0001871509-26-000033.md) | [188](/filings/0001871509-26-000056.md) | [181](/filings/0001871509-25-000152.md) | [186 d](/filings/0001871509-26-000012.md) | [183](/filings/0001871509-26-000033.md) | [199](/filings/0001871509-26-000056.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [9.0%](/filings/0001871509-25-000152.md) | [7.5% d](/filings/0001871509-26-000012.md) | [5.9%](/filings/0001871509-26-000033.md) | [9.3%](/filings/0001871509-26-000056.md) | [3.0%](/filings/0001871509-25-000152.md) | [5.6% d](/filings/0001871509-26-000012.md) | [2.5%](/filings/0001871509-26-000033.md) | [6.9%](/filings/0001871509-26-000056.md) |
| Net margin | % | [4.1%](/filings/0001871509-25-000152.md) | [6.1% d](/filings/0001871509-26-000012.md) | [1.9%](/filings/0001871509-26-000033.md) | [4.6%](/filings/0001871509-26-000056.md) | [0.7%](/filings/0001871509-25-000152.md) | [3.3% d](/filings/0001871509-26-000012.md) | [(0.2%)](/filings/0001871509-26-000033.md) | [3.5%](/filings/0001871509-26-000056.md) |
| Diluted EPS | $ per share | [0.11](/filings/0001871509-25-000152.md) | not reported | [0.05](/filings/0001871509-26-000033.md) | [0.12](/filings/0001871509-26-000056.md) | [0.02](/filings/0001871509-25-000152.md) | not reported | [(0.01)](/filings/0001871509-26-000033.md) | [0.09](/filings/0001871509-26-000056.md) |
| Free cash flow | $m | [7.7 d](/filings/0001871509-25-000152.md) | [(5.6) d](/filings/0001871509-26-000012.md) | [(9.6)](/filings/0001871509-26-000033.md) | [5.2 d](/filings/0001871509-26-000056.md) | [(5.0) d](/filings/0001871509-25-000152.md) | [(9.2) d](/filings/0001871509-26-000012.md) | [(0.9)](/filings/0001871509-26-000033.md) | [5.9 d](/filings/0001871509-26-000056.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-26) | FY2022 (2022-12-25) | FY2023 (2023-12-31) | FY2024 (2024-12-29) | FY2025 (2025-12-28) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [535](/filings/0001871509-24-000013.md) | [587](/filings/0001871509-25-000016.md) | [680](/filings/0001871509-26-000012.md) | [711](/filings/0001871509-26-000012.md) | [732](/filings/0001871509-26-000012.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [5.6%](/filings/0001871509-24-000013.md) | [7.0%](/filings/0001871509-25-000016.md) | [8.2%](/filings/0001871509-26-000012.md) | [8.2%](/filings/0001871509-26-000012.md) | [6.0%](/filings/0001871509-26-000012.md) |
| Net margin | % | [(2.8%)](/filings/0001871509-24-000013.md) | [1.8%](/filings/0001871509-25-000016.md) | [2.7%](/filings/0001871509-26-000012.md) | [4.2%](/filings/0001871509-26-000012.md) | [2.6%](/filings/0001871509-26-000012.md) |
| Diluted EPS | $ per share | [(0.42)](/filings/0001871509-24-000013.md) | [0.25](/filings/0001871509-25-000016.md) | [0.32](/filings/0001871509-26-000012.md) | [0.46](/filings/0001871509-26-000012.md) | [0.27](/filings/0001871509-26-000012.md) |
| Free cash flow | $m | [6.7](/filings/0001871509-24-000013.md) | [9.8](/filings/0001871509-25-000016.md) | [(17.1)](/filings/0001871509-26-000012.md) | [9.8](/filings/0001871509-26-000012.md) | [(18.5)](/filings/0001871509-26-000012.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ptlo/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $23.3m | 4,907,534 |  | Reduced −210,200 |
| [Orbis Allan Gray Ltd](/funds/1663865.md) | 2026-06-30 | $19.8m | 4,171,276 |  | Reduced −2,896,948 |
| [Engaged Capital LLC](/funds/1559771.md) | 2026-06-30 | $16.3m | 3,442,990 |  | Unchanged |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $14.9m | 3,150,113 |  | Added +2,597,013 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $14.5m | 3,065,726 |  | Added +26,173 |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $11.1m | 2,341,610 |  | Added +645,050 |
| [Zuckerman Investment Group, LLC](/funds/1423296.md) | 2026-06-30 | $9.7m | 2,049,697 |  | Reduced −12,427 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $8.6m | 1,814,316 |  | Added +144,298 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $6.9m | 1,454,163 |  | Added +166,617 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $6.7m | 1,421,040 |  | Added +433,889 |

## Recent filings

[All 441 filings](/companies/ptlo/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-06 | 12:00 ET | [8-K](/filings/0001871509-26-000061.md) | 5.02 Departure or appointment of officers or directors | 0001871509-26-000061 |
| 2026-08-05 | 20:04 ET | [10-Q](/filings/0001871509-26-000056.md) | Quarterly report, period 2026-06-28 | 0001871509-26-000056 |
| 2026-08-05 | 20:03 ET | [8-K](/filings/0001871509-26-000055.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001871509-26-000055 |
| 2026-08-04 | 12:01 ET | [8-K](/filings/0001871509-26-000046.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001871509-26-000046 |
| 2026-06-30 | 20:37 ET | [8-K](/filings/0001871509-26-000043.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001871509-26-000043 |
| 2026-06-12 | 20:26 ET | [8-K](/filings/0001871509-26-000041.md) | 5.07 Shareholder vote results | 0001871509-26-000041 |
| 2026-05-21 | 21:20 ET | [8-K](/filings/0001871509-26-000037.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001871509-26-000037 |
| 2026-05-05 | 12:04 ET | [10-Q](/filings/0001871509-26-000033.md) | Quarterly report, period 2026-03-29 | 0001871509-26-000033 |
| 2026-05-05 | 12:03 ET | [8-K](/filings/0001871509-26-000032.md) | 2.02 Results of operations; 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001871509-26-000032 |
| 2026-04-17 | 20:48 ET | [DEF 14A](/filings/0001871509-26-000024.md) | Proxy statement, period 2026-06-09 | 0001871509-26-000024 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 28, 2025](/filings/0001871509-26-000012.md), filed Feb 24, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-28, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/a1f71804-9b8f-4d32-a8b1-6b24cbe9f260)

## About the filer

- CIK: 1871509
- Tickers: PTLO
- Exchange: Nasdaq
- SIC code: 5812 Retail-Eating  Places
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:49 ET. No prices; not investment advice.