secwatch.observer — SEC 8-K summary
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Issuer:     Portillo's Inc. (PTLO)
CIK:        0001871509
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001871509-24-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Portillo's Q4 revenue up 24.5%, FY revenue up 15.8%; net income $9.6M Q4, $24.8M FY
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- 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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1871509/000187150924000012/0001871509-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1871509/000187150924000012/ptlo-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001871509-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer