{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-23-000138","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.220731+00:00","generated_at":"2026-06-09T01:03:28.776416+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Portillo's Q3 revenue up 10.4% to $166.8M; net income up 104.7%; board member retires","bullets":["Total revenue $166.8M (+10.4% YoY); same-restaurant sales +3.9% driven by 7.4% avg check increase, partially offset by 3.5% transaction decline.","Net income $6.5M (+104.7% YoY) on operating income $15.1M (+42.6%); Adjusted EBITDA $27.3M (+26.2%).","Opened 2 new restaurants in Q3, total 78; plans 5 more in Q4.","Commodity inflation moderated to 3.5% from 15.4% in prior year; menu prices increased net 5% in 2023.","Director Richard K. Lubin retired from board and compensation committee effective Oct 30, 2023; search for replacement underway."],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-23-000138","json":"https://secwatch.observer/filing/0001871509-23-000138.json","markdown":"https://secwatch.observer/filing/0001871509-23-000138.md","text":"https://secwatch.observer/filing/0001871509-23-000138.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000138/0001871509-23-000138-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000138/ptlo-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T01:03:28.776416+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":"fa6bf15f75b491e2fc594401258cf075081e04d7","claim":"Portillo's Inc. reported third quarter ended September 24, 2023 results: revenue $166.8 million, net income $6.5 million.","evidence_excerpt":"sets Portillo’s apart and keeps guests coming back.” Financial Highlights for the Third Quarter 2023 vs. Third Quarter 2022: • Total revenue increased 10.4% or $15.7 million to $166.8 million; • Same restaurant sales increased 3.9%; • Operating income increased $4.5 million to $15.1 million; • Net income increased $3.3 million to $6.5 million; • Restaurant-Level","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000138/0001871509-23-000138-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 24, 2023"},{"label":"Revenue","value":"$166.8 million"},{"label":"Net income","value":"$6.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"023ec94ceb","claim":"Richard K. Lubin retired as Director at Portillo's Inc..","evidence_excerpt":"On October 30, 2023, Richard K. Lubin notified the Company’s Board of Directors (“Board”) of his intent to retire from the Board and Compensation Committee effective as of October 30, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871509/000187150923000138/0001871509-23-000138-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}