Portillos Inc
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
PTLO$6.98+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
PORTILLO'S INC
CONSOLIDATED STATEMENTS OF OPERATIONS
| Fiscal Years Ended | |||
|---|---|---|---|
| December 31, 2023 | December 25, 2022 | December 26, 2021 | |
| REVENUES, NET | $679,905 | $587,104 | $534,952 |
| COST AND EXPENSES: | |||
| Restaurant operating expenses: | |||
| Food, beverage and packaging costs | 230,869 | 204,237 | 166,764 |
| Labor | 173,868 | 154,392 | 138,788 |
| Occupancy | 33,358 | 30,657 | 28,060 |
| Other operating expenses | 76,639 | 65,312 | 59,258 |
| Total restaurant operating expenses | 514,734 | 454,598 | 392,870 |
| General and administrative expenses | 78,835 | 66,892 | 87,089 |
| Pre-opening expenses | 9,019 | 4,715 | 3,565 |
| Depreciation and amortization | 24,313 | 20,907 | 23,312 |
| Net income attributable to equity method investment | (1,401) | (1,083) | (797) |
| Other income, net | (1,035) | (204) | (1,099) |
| OPERATING INCOME | 55,440 | 41,279 | 30,012 |
| Interest expense | 27,470 | 27,644 | 39,694 |
| Interest income | (212) | — | — |
| Tax Receivable Agreement liability adjustment | (3,349) | (5,345) | — |
| Loss on debt extinguishment | 3,465 | — | 7,265 |
| INCOME (LOSS) BEFORE INCOME TAXES | 28,066 | 18,980 | (16,947) |
| Income tax expense (benefit) | 3,248 | 1,823 | (3,531) |
| NET INCOME (LOSS) | 24,818 | 17,157 | (13,416) |
| Less: Redeemable preferred units accretion | — | — | (21,176) |
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON HOLDERS | 24,818 | 17,157 | (34,592) |
| Net income (loss) attributable to non-controlling interests | 6,394 | 6,306 | (19,408) |
| NET INCOME (LOSS) ATTRIBUTABLE TO PORTILLO'S INC. | $18,424 | $10,851 | $(15,184) |
| Income (loss) per common share attributable to Portillo's Inc.: | |||
| Basic | $0.34 | $0.28 | $(0.42) |
| Diluted | $0.32 | $0.25 | $(0.42) |
| Weighted-average common shares outstanding: | |||
| Basic | 53,806,570 | 38,902,259 | 35,807,171 |
| Diluted | 57,307,784 | 42,715,977 | 35,807,171 |
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