{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-26-000011","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2026-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.625900+00:00","generated_at":"2026-05-16T00:53:55.401941+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Portillo's Q4 net income drops 49.5% to $6.3M; same-restaurant sales fall 3.3%","bullets":["Q4 revenue $185.7M (+0.6% YoY); same-restaurant sales -3.3% driven by 3.3% fewer transactions","Q4 net income $6.3M, down 49.5% from $12.4M; Adjusted EBITDA $24.7M (-2.1%)","FY2025 net income $21.1M, down 40% from $35.1M; opened 8 restaurants, total 102","FY2026 outlook: 8 new units, Adjusted EBITDA flat vs 2025, capex $55-60M","New CEO Brett Patterson effective Feb 23, 2026; received sign-on RSU award of 69,084 shares"],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-26-000011","json":"https://secwatch.observer/filing/0001871509-26-000011.json","markdown":"https://secwatch.observer/filing/0001871509-26-000011.md","text":"https://secwatch.observer/filing/0001871509-26-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150926000011/0001871509-26-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150926000011/ptlo-20260224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T00:53:55.401941+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"}