{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-24-000075","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.035430+00:00","generated_at":"2026-06-02T20:42:48.260706+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 6.3% to $165.8M; net income swings to $5.3M from loss","bullets":["Revenue $165.8M (+6.3% YoY); same-store sales -1.2% (transactions -3.2%, check +2.0%).","Net income $5.3M vs net loss $1.3M; operating income $10.1M vs $8.5M.","Restaurant-Level Adj. EBITDA $36.4M (+4.5%); Adj. EBITDA $21.8M (+10.9%).","Opened 1 restaurant in Q1 (Denton, TX) and 1 after quarter (Surprise, AZ); total 86.","Menu prices raised ~1.5% in Jan and late March; commodity inflation slowed to 4.8%."],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-24-000075","json":"https://secwatch.observer/filing/0001871509-24-000075.json","markdown":"https://secwatch.observer/filing/0001871509-24-000075.md","text":"https://secwatch.observer/filing/0001871509-24-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000075/0001871509-24-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000075/ptlo-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T20:42:48.260706+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":"92576ca0f5ce237e592c9efeddeaaee3af0dca68","claim":"Portillo's Inc. reported the first quarter ended March 31, 2024 results: revenue $165.8 million, net income $5.3 million.","evidence_excerpt":"the primary drivers of value creation at Portillo’s.” Financial Highlights for the First Quarter 2024 vs. First Quarter 2023: • Total revenue increased 6.3% or $9.8 million to $165.8 million; • Same-restaurant sales* decreased 1.2%; • Operating income increased $1.6 million to $10.1 million; • Net income increased $6.6 million to $5.3 million; • Restaurant-Level","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000075/0001871509-24-000075-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$165.8 million"},{"label":"Net income","value":"$5.3 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"}