Portillos Inc

For the period ended Mar 31, 2024. Filed May 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 7, 2024

PTLO$6.98+1.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

PORTILLO'S INC

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(In thousands, except share and per share data)

	Quarter Ended
	March 31, 2024	March 26, 2023
REVENUES, NET	$165,831	$156,061
COST AND EXPENSES:
Restaurant operating expenses:
Food, beverage and packaging costs	56,961	53,626
Labor	43,302	40,459
Occupancy	9,340	8,451
Other operating expenses	19,857	18,704
Total restaurant operating expenses	129,460	121,240
General and administrative expenses	18,540	18,778
Pre-opening expenses	1,423	2,344
Depreciation and amortization	6,944	5,670
Net income attributable to equity method investment	(205)	(207)
Other income, net	(428)	(257)
OPERATING INCOME	10,097	8,493
Interest expense	6,530	7,444
Interest income	(79)	—
Tax Receivable Agreement liability adjustment	(561)	(584)
Loss on debt extinguishment	—	3,465
INCOME (LOSS) BEFORE INCOME TAXES	4,207	(1,832)
Income tax benefit	(1,137)	(559)
NET INCOME (LOSS)	5,344	(1,273)
Net income (loss) attributable to non-controlling interests	782	(759)
NET INCOME (LOSS) ATTRIBUTABLE TO PORTILLO'S INC.	$4,562	$(514)
Net income (loss) per common share attributable to Portillo's Inc.:
Basic	$0.08	$(0.01)
Diluted	$0.08	$(0.01)
Weighted-average common shares outstanding:
Basic	57,437,782	49,599,074
Diluted	60,493,958	49,599,074

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.