Portillo's Inc.

Company: Portillo's Inc.
Ticker: PTLO
Class Action Period: September 19, 2023 – May 04, 2026

59 Days Left Lead Plaintiff Deadline: January 11, 2027

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If you suffered a loss on your Portillo's Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filling out this form mean you have joined any lawsuit.

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Additional Comments

Background

On August 5, 2025, Portillo’s cut its 2025 revenue growth guidance roughly in half and announcing that it now expected Adjusted EBITDA growth to be flat to low single digits from the previously guided high single digits.

On this news, Portillo's stock fell $2.21 or 23.2%, to close at $7.28 per share on August 4, 2025, thereby injuring investors.

On May 5, 2026, before the market opened, Portillo’s announced its first-quarter 2026 financial results. Among other things, the Company reported a 0.1% decrease in same-restaurant sales, a $5.9 million decrease in operating income to $4.5 million from $10.4 million, and a net loss of $0.5 million. Restaurant-level adjusted EBITDA decreased $1.8 million to $34.8 million, and adjusted EBITDA decreased $2.8 million to $18.5 million.

On this news, Portillo's stock fell $0.30 or 6.17% to close at $4.49 on May 6, 2026, thereby further injuring investors.

The Portillo's class action lawsuit alleges that throughout the Class Period, Defendants failed to disclose to investors that: (i) Portillo's rapid expansion was going poorly, as it overbuilt in areas without any name recognition, cannibalized its own stores, and marketing could not drive enough additional interest to justify the expansion; (ii) the Company was having to offer promotions to drive interest, which was decreasing same-restaurant sales; and (iii) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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