{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-22-000064","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.864666+00:00","generated_at":"2026-06-22T09:55:48.805323+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Portillo's Q3 revenue up 9.5% to $151.1M but net income down 51% to $3.2M","bullets":["Total revenue $151.1M (+9.5% YoY); same-restaurant sales +5.8% on 6.3% avg check increase, transactions down 3.3%.","Net income $3.2M vs $6.5M (-51%); operating income $10.6M vs $17.2M (-38.5%).","Adjusted EBITDA $21.6M (-10.7%); Restaurant-Level Adj. EBITDA $34.1M (flat). Commodity inflation (beef, chicken) and labor costs pressured margins.","Completed secondary offering of 8.07M shares at $23.75; company received no proceeds.","Menu price increases: ~1.5% in Q1, ~3.5% in Q2, and additional ~3% in Q4 to combat inflation."],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-22-000064","json":"https://secwatch.observer/filing/0001871509-22-000064.json","markdown":"https://secwatch.observer/filing/0001871509-22-000064.md","text":"https://secwatch.observer/filing/0001871509-22-000064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150922000064/0001871509-22-000064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150922000064/ptlo-20221103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T09:55:48.805323+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a1ad57bd9bf1b0664a06c4b40bf59add6df53501","claim":"Portillo's Inc. reported financial results for the third quarter ended September 25, 2022.","evidence_excerpt":"On November 3, 2022 , Portillo’s Inc. (NASDAQ: PTLO) issued a press release reporting results for the third quarter ended September 25, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871509/000187150922000064/0001871509-22-000064-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 25, 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}