Oak Brook, Illinois-based Portillo’s (NASDAQ:PTLO), the fast-casual restaurant chain known for Chicago-style hot dogs, Italian beef sandwiches and chocolate cake, reported fourth-quarter and fiscal 2025 financial results.
For the fourth quarter ended December 31, 2025, revenue increased 0.6% year-over-year to $185.7 million.
Operating income declined to $10.3 million from the prior-year period, while net income fell to $6.3 million.
The results reflected continued pressure on restaurant-level margins from elevated labor, food and occupancy costs, partially offset by modest same-restaurant sales trends and pricing actions.
Full-year 2025 revenue rose 3% to $732.1 million.
Operating income decreased to $43.7 million, and net income totaled $21.1 million, impacted by ongoing inflationary headwinds, new unit opening expenses and a more cautious consumer environment for discretionary dining.
During the period under review, Portillo’s opened eight new restaurants, bringing the total unit count to 102 at year-end (104 post-period with additional openings).
For fiscal 2026, Portillo’s provided guidance projecting eight new restaurant openings, restaurant-level margin in the range of 20.5% to 21%, and adjusted EBITDA expected to be flat compared with 2025 levels.