secwatch.observer — SEC 8-K summary
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Issuer:     Portillo's Inc. (PTLO)
CIK:        0001871509
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001871509-26-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1871509/000187150926000011/0001871509-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1871509/000187150926000011/ptlo-20260224.htm
  HTML page:      https://secwatch.observer/filing/0001871509-26-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer