Casual restaurant chain Portillo’s (NASDAQ: PTLO) will be reporting results this Tuesday morning. Here’s what you need to know.
Portillo's missed analysts’ revenue expectations by 3.9% last quarter, reporting revenues of $188.5 million, up 3.6% year on year. It was a slower quarter for the company, with a significant miss of analysts’ revenue estimates and a slight miss of analysts’ same-store sales estimates.
Is Portillo's a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Portillo’s revenue to grow 2.5% year on year to $182.7 million, slowing from the 6.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.04 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Portillo’s peers in the restaurants segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Shake Shack delivered year-on-year revenue growth of 15.9%, beating analysts’ expectations by 1%, and Chipotle reported revenues up 7.5%, in line with consensus estimates. Shake Shack traded up 7.4% following the results while Chipotle was down 18.3%.
Read our full analysis of Shake Shack’s results here and Chipotle’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the restaurants stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.1% on average over the last month. Portillo's is down 17.3% during the same time and is heading into earnings with an average analyst price target of $9.85 (compared to the current share price of $5.35).
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