{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-25-000151","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2025-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.932840+00:00","generated_at":"2026-05-17T00:42:59.789713+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Portillo's Q3 net income falls 91% to $0.8M; cuts FY2025 outlook","bullets":["Net income $0.8M vs $8.8M YoY; operating income down 66% to $5.4M.","Same-restaurant sales -0.8% on 2.2% fewer transactions; menu prices up ~3.2%.","Adjusted EBITDA $21.4M, down 23.4%; Restaurant-Level EBITDA $36.7M, down 12.5%.","Updated FY2025 targets: rev $730-733M, adj EBITDA $90-94M, same-store sales -1 to -1.5%, 8 new units.","CEO transition: Mike Miles interim; $3.3M dead site costs; $2.2M Barnelli's trade name impairment."],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-25-000151","json":"https://secwatch.observer/filing/0001871509-25-000151.json","markdown":"https://secwatch.observer/filing/0001871509-25-000151.md","text":"https://secwatch.observer/filing/0001871509-25-000151.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150925000151/0001871509-25-000151-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150925000151/ptlo-20251104.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:42:59.789713+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"}