Operations
Photo: Portillo’s
August 5, 2025
Portillo’s Inc. reported a 17.7% increase in net income for Q2 despite facing a tough traffic environment, Michael Osanloo, president and CEO, said in a company press release. Same-restaurant sales increased by 0.7%, with a 2.1% increase in the average customer check offset by a 1.4% decrease in customer traffic.
The Chicago-based restaurant chain, known for its Italian beef and hot dogs, posted a net income of $10 million for the quarter ending June 29, 2025, up from $8.5 million in the same period last year. Total revenue also increased by 3.6% to $188.5 million, primarily driven by the opening of new locations.
Portillo’s plans to open 12 restaurants in 2025, focusing on expansion in the Sunbelt, particularly in Texas and Atlanta. The company also announced plans for its first-ever in-line, walk-up restaurant format later this year.
Shares of Portillo’s (NASDAQ: PTLO) were trading at $34.50, down 2.1% as of 1:30 p.m. ET. The stock has a 52-week high of $42.15 and a low of $29.70.
