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Subscribe to our free daily Nrn newsletters.Portillo’s Inc. reported a 3.3% decline in same-store sales for the fourth quarter ended Dec. 28, 2025, as the company continues to navigate challenges from developing too quickly, particularly in the Texas region. As previously reported, Portillo’s has changed course to slow down its growth strategy to avoid cannibalization. During the call, interim CEO and chairman Mike Miles said that the company has paused development momentum to focus on strengthening unit economics and improving brand awareness, as newer regions like Texas grapple with low AUVs. Incoming CEO Brett Patterson — who was appointed as head of the Chicago-based fast-casual brand earlier this month and starts in his new role this week — will be tasked with guiding the company through this strategic reset.“Building sales is the number one job to getting the Texas market to where it ultimately needs to be,” Miles said during Tuesday’s earnings call. “We have restaurants in Chicago that do $4-5 million in AUVs and have for a long time, and I think we need to get that mentality into the to the market in Texas as well. … Ultimately, we have to find a way to better explain Portillo’s to consumers who aren't yet familiar with us.”On the development front, Portillo’s is taking a more measured, cautious approach, with plans to open eight new restaurants in 2026. One of the newest openings, in Kennesaw, Georgia, was built with the company’s new smaller prototype, and achieved almost $4 million in sales during the first 100 days. While the executive team is encouraged by this response, the next Portillo’s in the Atlanta area won’t be opening until 2027.  Efforts to improve sales in challenged markets include labor management investment, and short-term marketing levers like bundled meal deals. On the bright side, Miles reported that Portillo’s loyalty program, Portillo’s Perks, has been resonating with consumers and counts two million members about a year after launch.  “In 2026 we will focus on executing strategies that strengthen transaction growth across our restaurants while optimizing returns on our new restaurants,” Portillo’s CFO Michelle Hook said. “We will leverage our perks platform along with other marketing efforts to drive trial and frequency. We will prioritize operational excellence and invest in our team members.”For the fourth quarter ended Dec. 28, Portillo’s revenues increased 0.6% to $1.1 million, primarily attributed to store growth. The company also swung to a loss of $6.3 million, a decrease of $6.2 million from the same quarter the year prior. Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,946.25 -13.50 (-0.19%)Dow Futures49,424.00 -110.00 (-0.22%)Nasdaq Futures25,298.25 -83.75 (-0.33%)Russell 2000 Futures2,665.20 -2.50 (-0.09%)VIX17.93 -1.62 (-8.29%)Gold5,216.10 -10.10 (-0.19%)Trending tickersNVDA NVIDIA Corporation 195.56 +2.71 (+1.41%)BTC-USD Bitcoin USD 68,349.57 +3,134.12 (+4.81%)CRM Salesforce, Inc. 191.75 +6.33 (+3.41%)IONQ IonQ, Inc. 33.59 +1.97 (+6.23%)TTD The Trade Desk, Inc. 25.16 +0.22 (+0.88%)PortfolioSign in to access your portfolioSign inTop gainersYOU Clear Secure, Inc. 46.51 +13.04 (+38.96%)CRCL Circle Internet Group 83.14 +21.77 (+35.47%)CAVA CAVA Group, Inc. 85.67 +17.87 (+26.36%)CCC CCC Intelligent Solutions Holdings Inc. 6.34 +1.28 (+25.30%)ECG Everus Construction Group, Inc. 130.10 +25.89 (+24.84%)Top losersIBRX ImmunityBio, Inc. 9.54 -2.01 (-17.40%)LUNR Intuitive Machines, Inc. 15.89 -3.01 (-15.93%)DEO Diageo plc 86.15 -15.99 (-15.66%)GDDY GoDaddy Inc. 79.12 -13.18 (-14.28%)FSLR First Solar, Inc. 210.12 -33.09 (-13.61%)Most activeNVDA NVIDIA Corporation 195.56 +2.71 (+1.41%)PLUG Plug Power Inc. 1.9100 0.0000 (0.00%)IBRX ImmunityBio, Inc. 9.54 -2.01 (-17.40%)INTC Intel Corporation 46.88 +0.76 (+1.65%)ONDS Ondas Inc. 10.30 -0.10 (-0.96%)Top economic eventsEarnings eventsMy earnings eventsEarnings events