---
schema_version: "secwatch.filing_event.v1"
accession: "0001871509-23-000098"
form_type: "8-K"
ticker: "PTLO"
cik: "0001871509"
company_name: "Portillo's Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:34:22.258568+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Portillo's Q2 revenue up 12.3% to $169.2M; same-restaurant sales +5.9%

## Summary
- Net income $9.9M ($0.16 diluted EPS) vs $10.8M in prior-year quarter.
- Restaurant-Level Adj. EBITDA rose $4.3M to $42.7M; Adj. EBITDA up $1.6M to $29.2M.
- Commodity inflation eased to 5.5% (Q2) from 15.2%; labor inflation mid-single digits expected.
- Opened one restaurant in Q2 (Gilbert, AZ); plans 8 more in H2 2023; total 76 units.
- Menu prices increased ~2% in Jan and ~3% in May 2023 to offset cost pressures.

## SEC filing metadata
- accession: 0001871509-23-000098
- form_type: 8-K
- ticker: PTLO
- cik: 0001871509
- company_name: Portillo's Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1871509/000187150923000098/0001871509-23-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1871509/000187150923000098/ptlo-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001871509-23-000098
- JSON: https://secwatch.observer/filing/0001871509-23-000098.json
- Plain text: https://secwatch.observer/filing/0001871509-23-000098.txt

## Key facts
- Earnings Releases
  Portillo's Inc. reported financial results for second quarter ended June 25, 2023.
  - Period: second quarter ended June 25, 2023
  - Result: reported results
  source text: On August 3, 2023, Portillo’s Inc. (NASDAQ: PTLO) issued a press release reporting results for the second quarter ended June 25, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1871509/000187150923000098/0001871509-23-000098-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.