{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-25-000093","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2025-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.314012+00:00","generated_at":"2026-05-22T14:09:48.859138+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Portillo's Q1 revenue up 6.4% to $176.4M; net income falls to $4.0M; raises same-store sales guidance","bullets":["Revenue $176.4M (+6.4% YoY); same-restaurant sales +1.8% on 4.9% avg check, but traffic down 3.1%.","Net income $4.0M (-$1.4M YoY); Adjusted EBITDA $21.2M (-2.6%); Restaurant-Level EBITDA $36.7M (+0.8%).","Raised FY2025 same-restaurant sales guidance to 1-3% (from flat to +2%); narrowed revenue growth to 10-12%.","Commodity inflation 3.4%; menu price increases of 1.5% in Jan and 1.0% in Apr 2025; breakfast test at 5 Chicagoland locations.","Plan 12 new restaurants in FY2025, including a walk-up format; entering Atlanta and San Antonio in H2 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-25-000093","json":"https://secwatch.observer/filing/0001871509-25-000093.json","markdown":"https://secwatch.observer/filing/0001871509-25-000093.md","text":"https://secwatch.observer/filing/0001871509-25-000093.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150925000093/0001871509-25-000093-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150925000093/ptlo-20250506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T14:09:48.859138+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}