secwatch.observer — SEC 8-K summary
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Issuer:     Portillo's Inc. (PTLO)
CIK:        0001871509
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0001871509-24-000122
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Portillo's Q2 2024 revenue up 7.5% to $181.9M; same-store sales decline 0.6%
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- Q2 2024 net revenue $181.9M vs $169.2M in Q2 2023 (+7.5%), driven by new restaurants.
- Same-restaurant sales fell 0.6% in Q2 2024 and 1.2% in Q1 2024, with H1 2024 down 0.9%.
- New restaurants not in comparable base contributed $23M in incremental revenue in H1 2024.
- FY 2023 net revenue was $679.9M; Q4 2023 revenue $187.9M included 14 weeks.
- Investor presentation posted to website with historical revenue data through Q2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1871509/000187150924000122/0001871509-24-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1871509/000187150924000122/ptlo-20241007.htm
  HTML page:      https://secwatch.observer/filing/0001871509-24-000122

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