{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-23-000053","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.407017+00:00","generated_at":"2026-06-15T23:04:56.518618+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Portillo's Q1 revenue up 16% to $156.1M; same-store sales +9.1% but net loss $1.3M on debt charge","bullets":["Revenue $156.1M (+16.0% YoY); same-restaurant sales +9.1% (avg check +7.0%, transactions +2.1%).","Net loss $1.3M vs net income $0.6M; $3.5M loss on debt extinguishment from new $300M term loan.","Restaurant-Level Adj. EBITDA $34.8M (+24.4%); Adj. EBITDA $19.6M (+11.4%).","Commodity inflation eased to 8.9% (from 15.7%); expecting mid-single digits for FY2023.","Planning nine new restaurants in 2023; six new openings added $10.6M revenue in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-23-000053","json":"https://secwatch.observer/filing/0001871509-23-000053.json","markdown":"https://secwatch.observer/filing/0001871509-23-000053.md","text":"https://secwatch.observer/filing/0001871509-23-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000053/0001871509-23-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000053/ptlo-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:04:56.518618+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":"e460a993d2535b387b75c92bb4fd31af15c57cfa","claim":"Portillo's Inc. reported the first quarter ended March 26, 2023 results: revenue $156.1 million, net income a net loss of $1.3 million.","evidence_excerpt":"for our investors throughout the economic cycle.” Financial Highlights for the First Quarter 2023 vs. First Quarter 2022: • Total revenue increased 16.0% or $21.6 million to $156.1 million; • Same restaurant sales increased 9.1%; • Operating income increased $1.7 million to $8.5 million; • Net income decreased $1.8 million to a net loss of $1.3 million; •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000053/0001871509-23-000053-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 26, 2023"},{"label":"Revenue","value":"$156.1 million"},{"label":"Net income","value":"a net loss of $1.3 million"},{"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"}