---
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"
generated_at: "2026-05-22T14:09:48.859138+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Portillo's Q1 revenue up 6.4% to $176.4M; net income falls to $4.0M; raises same-store sales guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001871509-25-000093
- JSON: https://secwatch.observer/filing/0001871509-25-000093.json
- Plain text: https://secwatch.observer/filing/0001871509-25-000093.txt

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