---
schema_version: "secwatch.filing_event.v1"
accession: "0001871509-26-000055"
form_type: "8-K"
ticker: "PTLO"
cik: "0001871509"
company_name: "Portillo's Inc."
filed_at: "2026-08-05T20:03:15+00:00"
generated_at: "2026-08-05T20:04:28.091655+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Portillo's Q2 net income down 28.8% to $7.2M; same-store sales -1.2%; cuts corporate staff 18%

## Summary
- Revenue $199.0M (+5.6% YoY); same-restaurant sales -1.2% on 3.4% transaction decline.
- Net income $7.2M (-28.8%); Adjusted EBITDA $29.8M (-0.8%).
- Opened 3 restaurants in Q2; total 109; first airport location at DFW.
- Guidance: FY2026 Adj. EBITDA $92-96M; 8 new units; capex $55-60M.
- On July 31, 2026, reduced corporate workforce ~18% to improve efficiency; no restaurant-level impact.

## SEC filing metadata
- accession: 0001871509-26-000055
- form_type: 8-K
- ticker: PTLO
- cik: 0001871509
- company_name: Portillo's Inc.
- filed_at: 2026-08-05T20:03:15+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/1871509/000187150926000055/0001871509-26-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1871509/000187150926000055/ptlo-20260805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001871509-26-000055
- JSON: https://secwatch.observer/filing/0001871509-26-000055.json
- Plain text: https://secwatch.observer/filing/0001871509-26-000055.txt

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