Portillos

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus: revenue of $199.0M was in-line with the $199.2M expected, while GAAP EPS of $0.09 beat the $0.08 mean estimate. Same-restaurant sales fell 1.2% YoY, primarily due to a 3.4% transaction decline, offset by pricing actions. Operating income was pressured by commodity inflation (7.0%) and a $1.7M legal contingency, leading to an EBIT of $13.8M vs. the $13.0M consensus. Management announced a corporate workforce reduction of 18% post-quarter to optimize costs amid ongoing brand strategy assessments.