Portillo's Shares Rise After Q3 Earnings, Revenue Rise

03:00 PM EST, 11/05/2026 (MT Newswires) -- Portillo's (PTLO) shares rose 22% Thursday after it reported higher Q3 results. The company reported Q3 earnings of $0.06 per diluted share, up from $0.02 a year earlier. Analysts polled by FactSet expected $0.03. Revenue for the quarter ended Sept. 27 was $194.1 million, up from $181.4 million a year ago. Analysts surveyed by FactSet expected $193.2 million. The company expects full-year 2026 revenue of $768 million to $773 million. Analysts polled by FactSet expect $771.2 million. The company also introduced a strategic plan focused on operational improvements, integrated marketing and disciplined restaurant expansion. The company plans to close a mid-to-high single-digit number of underperforming locations outside Chicagoland, primarily in Q4. Price: 6.66, Change: +1.21, Percent Change: +22.11