03:04 PM EDT, 08/05/2025 (MT Newswires) -- Portillo's (PTLO) shares were down more than 21% in recent Tuesday trading after the restaurant chain reported Q2 revenue that missed analyst expectations and cut its fiscal 2025 outlook.

The company posted Q2 net income of $0.12 per diluted share, up from $0.10 per share a year earlier.

Analysts polled by FactSet expected $0.12 per share.

Revenue for the quarter ended June 29 was $188.5 million, up from $181.9 million a year earlier.

Analysts surveyed by FactSet expected $195.8 million.

For fiscal 2025, the company said it expects revenue growth of 5% to 7%, down from a prior outlook of 10% to 12% growth. Adjusted EBITDA is expected to be flat to up by low single-digits, compared with a prior view for 5% to 8% growth.

Price: 7.49, Change: -2.01, Percent Change: -21.13