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.
Portillo’s Inc. filings document the public-company disclosures of a fast-casual restaurant operator known for Chicago-style menu items and a company-owned restaurant model. Recent Forms 8-K furnish quarterly earnings releases and supplemental presentations, including revenue, same-restaurant sales, operating income, net income or loss, Restaurant-Level Adjusted EBITDA and adjusted EBITDA.
The filings also report Item 5.02 governance and officer matters, including chief executive officer, chief financial officer, chief development officer and board chair changes, together with related compensation arrangements and severance plan disclosures when applicable. The definitive proxy statement covers director elections, board governance, executive compensation, equity awards and annual-meeting voting matters.
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.
LEE EUGENE I JR reported acquisition or exercise transactions in this Form 4 filing.
Portillo's Inc. director Eugene I. Lee Jr. received a grant of 12,681 shares of Class A common stock in the form of restricted stock units on April 15, 2026. These units will vest in full on December 31, 2026, if he continues serving the company through that date.
Following this grant, he holds 73,479 shares directly. He is also reported as having indirect ownership of 416,250 Class A shares held by a family trust, providing additional context for his overall equity exposure to Portillo's Inc.