{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-24-000012","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2024-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.178374+00:00","generated_at":"2026-06-05T13:16:09.690243+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Portillo's Q4 revenue up 24.5%, FY revenue up 15.8%; net income $9.6M Q4, $24.8M FY","bullets":["Total revenue increased 24.5% to $187.9M in Q4 2023 (14 weeks) vs prior year","Same-restaurant sales up 4.4% in Q4 and 5.7% for fiscal year 2023","Opened 12 new restaurants in FY2023, bringing total to 84; plans at least 9 more in 2024","Commodity inflation moderated to 4.4% in Q4 2023 from 14.5% in prior year period","Adjusted EBITDA grew 44.5% in Q4 to $26.1M and 20.4% for FY to $102.3M"],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-24-000012","json":"https://secwatch.observer/filing/0001871509-24-000012.json","markdown":"https://secwatch.observer/filing/0001871509-24-000012.md","text":"https://secwatch.observer/filing/0001871509-24-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000012/0001871509-24-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000012/ptlo-20240227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T13:16:09.690243+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":"0ca3e86fc7621356a6bede259c37aa0725e39fcc","claim":"Portillo's Inc. reported the fourth quarter ended December 31, 2023 results: revenue $187.9 million, net income $9.6 million.","evidence_excerpt":"Financial Highlights for the Fourth Quarter 2023 (14 weeks)* vs. Prior Year (13 weeks)*: • Total revenue increased 24.5% or $37.0 million to $187.9 million; • Same-restaurant sales** increased 4.4%; • Operating income increased $8.0 million to $14.5 million; • Net income increased $7.0 million to $9.6 million; • Restaurant-Level Adjusted EBITDA**** increased $13.7 million to $45.7 million; and • Adjusted EBITDA**** increased $8.1 million to $26.1 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000012/0001871509-24-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$187.9 million"},{"label":"Net income","value":"$9.6 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"127050773745d02ecc6667d7586ddb4772228b46","claim":"Portillo's Inc. reported the fiscal year ended December 31, 2023 results: revenue $679.9 million, net income $24.8 million.","evidence_excerpt":"Financial Highlights for Fiscal Year 2023 (53 weeks)* vs. Prior Year (52 weeks)*: • Total revenue increased 15.8% or $92.8 million to $679.9 million; • Same-restaurant sales*** increased 5.7%; • Operating income increased $14.2 million to $55.4 million; • Net income increased $7.7 million to $24.8 million; • Restaurant-Level Adjusted EBITDA**** increased $32.7 million to $165.2 million; and • Adjusted EBITDA**** increased $17.3 million to $102.3 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000012/0001871509-24-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$679.9 million"},{"label":"Net income","value":"$24.8 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"}