---
schema_version: "secwatch.filing_event.v1"
accession: "0001871509-26-000032"
form_type: "8-K"
ticker: "PTLO"
cik: "0001871509"
company_name: "Portillo's Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:34:01.651056+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Portillo's Q1 net loss $0.5M; same-restaurant sales -0.1%; CFO Hook departs

## Summary
- Revenue $182.6M (+3.5% YoY), but net loss $0.5M vs net income $4.0M in prior year.
- Operating income fell 56.7% to $4.5M; Adj EBITDA $18.5M, down 13% YoY.
- Same-restaurant sales -0.1% pressured by lower average check; opened 4 restaurants in Q1.
- CFO Michelle Hook departs effective May 5, 2026; board initiates successor search.
- FY2026 guidance: Adj EBITDA flat vs 2025; 8 new units; capex $55-60M.

## SEC filing metadata
- accession: 0001871509-26-000032
- form_type: 8-K
- ticker: PTLO
- cik: 0001871509
- company_name: Portillo's Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1871509/000187150926000032/0001871509-26-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1871509/000187150926000032/ptlo-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001871509-26-000032
- JSON: https://secwatch.observer/filing/0001871509-26-000032.json
- Plain text: https://secwatch.observer/filing/0001871509-26-000032.txt

## Key facts
- Earnings Releases
  Portillo's Inc. reported first quarter ended March 29, 2026 results: revenue $182.6 million, net income Net loss of $0.5 million. Guidance initiated.
  - Period: first quarter ended March 29, 2026
  - Revenue: $182.6 million
  - Net income: Net loss of $0.5 million
  - Guidance: initiated
  - Result: reported results
  source text: Revenues for the quarter ended March 29, 2026 were $182.6 million compared to $176.4 million for the quarter ended March 30, 2025, an increase of $6.2 million or 3.5%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1871509/000187150926000032/0001871509-26-000032-index.htm
- Executive change
  Michelle Hook departed as Chief Financial Officer at Portillo's Inc..
  - Action: depart
  - Role: Chief Financial Officer
  source text: On April 30, 2026, Michelle Hook informed the Chief Executive Officer and General Counsel and Secretary of Portillo’s Inc. (the “Company”) that she will depart from her role as Chief Financial Officer of the Company, effective May 5, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1871509/000187150926000032/0001871509-26-000032-index.htm

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