Short answer
Portillo's Inc. (PTLO) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Q1 fiscal 2026 results for period ended March 29, 2026.
Portillo's Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 fiscal 2026 results for period ended March 29, 2026
- Earnings press release attached as Exhibit 99.1 with detailed financial results
Item 5.02 · Departure/Election of Directors or Officers
- Michelle Hook departing as Portillo’s CFO effective May 5, 2026
- Board launched successor search with a global executive search firm
- CFO transition creates near-term finance leadership and execution uncertainty for investors
Item 7.01 · Regulation FD Disclosure
- Supplemental earnings presentation posted on Portillo’s website as Exhibit 99.2
- Exhibit 99.2 provides additional investor context beyond the primary earnings disclosure
- Materials furnished under Regulation FD, not Section 18 “filed” information
- Exhibits not incorporated into other filings unless specifically referenced
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue rose 3.5% to $182.6M, but same-restaurant sales declined 0.1% across 83 comparable locations
- Operating income fell 56.7% to $4.5M as restaurant costs, labor investment, inflation, and G&A outpaced sales growth
- Net loss reached $0.5M versus $4.0M income, while Adjusted EBITDA declined 13.0% to $18.5M
- Restaurant-Level Adjusted EBITDA margin compressed to 19.1% from 20.8%, signaling weaker unit economics despite expansion
- CFO Michelle Hook departed May 5; succession search adds execution risk as management targets 8 new units and flat 2026 Adjusted EBITDA
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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