Welcome to our dedicated page for Portillo'S SEC filings (Ticker: PTLO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Portillo’s Inc. (NASDAQ: PTLO) SEC filings, offering a view into the company’s regulatory disclosures as a public fast-casual restaurant operator in the limited-service restaurants industry. Investors can review how Portillo’s reports on its financial performance, development activity and corporate governance through documents filed with the U.S. Securities and Exchange Commission.
Portillo’s uses Form 8-K filings to disclose material events. Recent 8-Ks reference quarterly earnings press releases for periods such as the second and third quarters of 2025, including attached exhibits with detailed financial results and non-GAAP reconciliations. Other 8-K filings describe participation in investor conferences, providing information about scheduled webcasts and where related materials can be accessed.
Several 8-K filings and an 8-K/A address leadership and executive compensation changes. These include disclosures about the departure of the company’s President and Chief Executive Officer, the appointment of the Board Chairman as Interim CEO, and an amended filing that outlines compensation arrangements for the Interim CEO and severance benefits for the departing CEO. Another 8-K details the planned departure of the Chief Development Officer and expected severance and equity treatment under the company’s Senior Executive Severance Plan.
Through these filings, readers can see how Portillo’s communicates about results of operations, executive transitions, compensation arrangements and investor events in a regulated format. On Stock Titan, AI-powered summaries can help interpret lengthy exhibits and highlight key points from earnings releases, non-GAAP measure definitions and governance disclosures, while real-time updates ensure that new Portillo’s filings, including future 10-K annual reports, 10-Q quarterly reports and additional 8-Ks, are incorporated as they are posted to EDGAR.
Portillo’s Inc. reported softer first-quarter results as margins compressed and earnings turned negative. Revenue rose to $182.6 million, up 3.5% year over year, driven mainly by new restaurant openings, while same-restaurant sales dipped 0.1% as lower average check offset slightly higher traffic.
Operating income fell to $4.5 million from $10.4 million, and the company posted a net loss of $0.5 million versus prior net income of $4.0 million. Restaurant-Level Adjusted EBITDA declined to $34.8 million, and Adjusted EBITDA to $18.5 million, reflecting higher labor, occupancy, pre‑opening, and advertising costs and deleverage from newer units.
Portillo’s operated 106 restaurants as of March 29, 2026 and opened four new locations in Texas during the quarter, with more openings planned, including an airport site at Dallas–Fort Worth. The company highlighted negative same-restaurant sales trends in April and expects further near-term headwinds as it laps prior promotions, while implementing about 2.0% menu price increases in April 2026. Liquidity included $24.0 million in cash and $41.6 million of revolver availability, against $349.3 million of debt and a $344.2 million Tax Receivable Agreement liability. Leadership changes continued, including appointment of a new CEO and an upcoming CFO departure.
Portillo’s Inc. reported softer profitability in its first quarter of 2026 despite higher sales and announced a CFO transition. Revenue for the quarter ended March 29, 2026 rose to $182.6 million, up 3.5% from $176.4 million, largely driven by new restaurant openings. Same‑restaurant sales slipped 0.1%, as a 0.9% lower average check outweighed a 0.8% increase in transactions.
Cost pressures weighed on earnings. Restaurant operating expenses increased 5.7% to $147.8 million, with higher commodity costs, labor investments and operating expenses. Operating income fell to $4.5 million from $10.4 million, and the company posted a net loss of $0.5 million versus net income of $4.0 million a year earlier. Adjusted EBITDA declined to $18.5 million from $21.2 million, and Restaurant-Level Adjusted EBITDA decreased to $34.8 million from $36.7 million.
Portillo’s opened four restaurants in the quarter and one more afterward, bringing the count to 107 locations, and targets eight new units in fiscal 2026, capital expenditures of $55–$60 million, Restaurant-Level Adjusted EBITDA margin of 20.5–21%, and Adjusted EBITDA roughly flat versus 2025. The company also disclosed that Chief Financial Officer Michelle Hook will depart effective May 5, 2026 to pursue another opportunity, and the board has begun a search for her successor.
Portillo's Inc. General Counsel Kelly M. Kaiser reported a routine tax-related share disposition. On May 2, 2026, 1,840 shares of Class A common stock were deducted at $6.49 per share to cover tax withholding on the vesting of a previously disclosed equity award. After this non-market transaction, Kaiser directly holds 142,288 shares of Portillo's Class A common stock.
Portillo's Inc. CFO & Treasurer Michelle Greig Hook reported a routine tax-related share disposition. A total of 3,992 shares of Class A common stock were withheld at $6.49 per share to satisfy tax obligations on the vesting of a previously disclosed equity award. After this non-market transaction, she directly holds 301,322 shares.
Portillo's Inc. Chief People Officer Jill Francine Waite reported a routine tax-related share disposition. On the vesting of a previously disclosed equity award, 1,840 shares of Class A common stock were withheld at $6.49 per share to satisfy tax withholding obligations, rather than being sold in the open market. After this withholding, she directly holds 132,178 shares of Portillo's Class A common stock.
Portillo's Inc. Chief Information Officer Keith M. Correia reported a routine tax-related share disposition. On the vesting of a previously disclosed equity award, 1,226 shares of Class A common stock were withheld at $6.49 per share to satisfy tax withholding obligations. After this non-open-market transaction, he directly holds 86,983 shares of Portillo's Class A common stock.
Portillo's Inc. Chief Information Officer Keith M. Correia reported a routine share disposition related to taxes. On the vesting of a previously disclosed equity award, 601 shares of Class A common stock were deducted at $6.50 per share to satisfy tax withholding obligations, rather than being sold in the open market.
After this tax-withholding transaction, Correia directly held 88,209 shares of Portillo's Class A common stock, indicating that the event is a small adjustment to his overall equity position rather than a discretionary sale.
Portillo’s Inc. is asking shareholders to vote on electing seven directors, approving an advisory “Say on Pay” for executives, and ratifying Deloitte & Touche as auditor for fiscal 2026. The proxy highlights a major leadership transition, with Brett Patterson becoming President and CEO in February 2026 and Eugene I. Lee Jr. becoming Chairman in March 2026.
The Board emphasizes ongoing refreshment, expanded governance disclosures, and a formal AI governance program. Company highlights for 2025 include revenue of $732, operating income of $43, net income of $21, operating margin of 6.0%, net margin of 2.9%, 102 restaurants at year-end, and restaurant-level adjusted EBITDA of $158 with a 21.6% margin.
Portillo's Inc. reported that Chief Information Officer Keith M. Correia received a grant of 27,173 shares of Class A common stock in the form of restricted stock units awarded at no cash cost. These RSUs vest over three years, with one-third vesting on each of the first three anniversaries of the April 15, 2026 grant date, contingent on his continued service and the award terms.
In connection with the vesting of previously disclosed equity awards, 1,206 shares of Class A common stock were withheld at a price of $5.52 per share to satisfy tax withholding obligations. Following these equity compensation and tax-withholding entries, Correia directly holds 88,810 shares of Portillo's Class A common stock.