---
schema_version: "secwatch.filing_event.v1"
accession: "0001871509-24-000102"
form_type: "8-K"
ticker: "PTLO"
cik: "0001871509"
company_name: "Portillo's Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:40:11.494500+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Portillo's Q2 revenue up 7.5% to $181.9M; same-store sales down 0.6%; raises unit target to 10+

## Summary
- Revenue $181.9M (+7.5% YoY); net income $8.5M vs $9.9M; adj. EBITDA $29.9M (+2.2%).
- Same-restaurant sales -0.6% (transactions -2.3%, avg check +1.7%); vs +5.9% in prior Q2.
- Commodity inflation 6.9%; labor flat as % of revenue; menu prices up ~4.3% in 2024.
- Updated FY24 targets: unit growth to 10+ (from 9+); same-store sales flat to slightly positive; G&A $82-84M; capex $85-88M.
- Opened 4 restaurants YTD (2 post-quarter); total 88 restaurants; on track for 10+ new units.

## SEC filing metadata
- accession: 0001871509-24-000102
- form_type: 8-K
- ticker: PTLO
- cik: 0001871509
- company_name: Portillo's Inc.
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1871509/000187150924000102/0001871509-24-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1871509/000187150924000102/ptlo-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001871509-24-000102
- JSON: https://secwatch.observer/filing/0001871509-24-000102.json
- Plain text: https://secwatch.observer/filing/0001871509-24-000102.txt

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