---
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"
generated_at: "2026-05-16T00:53:55.401941+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Portillo's Q4 net income drops 49.5% to $6.3M; same-restaurant sales fall 3.3%

## Summary
- 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

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001871509-26-000011
- JSON: https://secwatch.observer/filing/0001871509-26-000011.json
- Plain text: https://secwatch.observer/filing/0001871509-26-000011.txt

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