{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-23-000015","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.292265+00:00","generated_at":"2026-06-18T16:18:46.501314+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Portillo's Q4 revenue up 8.6% to $150.9M; net income $2.7M vs loss year ago; FY2023 same-store sales guidance 8-10%","bullets":["Q4 total revenue $150.9M (+8.6% YoY); same-restaurant sales +6.0%; net income $2.7M vs net loss $33.8M in Q4 2021.","FY2022 revenue $587.1M (+9.7% YoY); net income $17.2M vs net loss $13.4M; Adjusted EBITDA $85.0M (-13.7%).","FY2023 guidance: same-restaurant sales growth 8-10%, total revenue growth 16-18% in Q1; nine new restaurants planned.","New $300M Term Loan and $100M revolver entered Feb 2023, maturing 2028, used to repay prior debt.","Commodity inflation 15.2% in FY2022; expect mid single digits in FY2023; menu price increases of 7.5% in FY2022 and additional 2% in Jan 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-23-000015","json":"https://secwatch.observer/filing/0001871509-23-000015.json","markdown":"https://secwatch.observer/filing/0001871509-23-000015.md","text":"https://secwatch.observer/filing/0001871509-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000015/0001871509-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000015/ptlo-20230302.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T16:18:46.501314+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":"003e7fd9357444f80b0bff4b4503a7e22ae588bf","claim":"Portillo's Inc. reported the fourth quarter ended December 25, 2022 results: revenue $150.9 million, net income $2.7 million. Guidance initiated.","evidence_excerpt":"• Total revenue increased 8.6% or $12.0 million to $150.9 million; • Same-restaurant sales increased 6.0%; • Operating income increased $29.0 million to $6.4 million; • Net income increased $36.5 million to $2.7 million;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000015/0001871509-23-000015-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 25, 2022"},{"label":"Revenue","value":"$150.9 million"},{"label":"Net income","value":"$2.7 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e71041ebc09e54baa0249444698d972c415e8ef5","claim":"Portillo's Inc. reported the fiscal year ended December 25, 2022 results: revenue $587.1 million, net income $17.2 million. Guidance initiated.","evidence_excerpt":"• Total revenue increased 9.7% or $52.2 million to $587.1 million; • Same-restaurant sales increased 5.4%; • Operating income increased $11.3 million to $41.3 million; • Net income increased $30.6 million to $17.2 million;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000015/0001871509-23-000015-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 25, 2022"},{"label":"Revenue","value":"$587.1 million"},{"label":"Net income","value":"$17.2 million"},{"label":"Guidance","value":"initiated"},{"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"}