Portillos Inc
For the period ended Dec 29, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
PTLO$6.98+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
PORTILLO'S INC
CONSOLIDATED STATEMENTS OF OPERATIONS
| Fiscal Years Ended | |||
|---|---|---|---|
| December 29, 2024 | December 31, 2023 | December 25, 2022 | |
| REVENUES, NET | $710,554 | $679,905 | $587,104 |
| COST AND EXPENSES: | |||
| Restaurant operating expenses: | |||
| Food, beverage and packaging costs | 241,679 | 230,869 | 204,237 |
| Labor | 181,091 | 173,868 | 154,392 |
| Occupancy | 36,632 | 33,358 | 30,657 |
| Other operating expenses | 83,038 | 76,639 | 65,312 |
| Total restaurant operating expenses | 542,440 | 514,734 | 454,598 |
| General and administrative expenses | 75,089 | 78,835 | 66,892 |
| Pre-opening expenses | 9,236 | 9,019 | 4,715 |
| Depreciation and amortization | 27,297 | 24,313 | 20,907 |
| Net income attributable to equity method investment | (1,229) | (1,401) | (1,083) |
| Other income, net | (312) | (1,035) | (204) |
| OPERATING INCOME | 58,033 | 55,440 | 41,279 |
| Interest expense | 25,616 | 27,470 | 27,644 |
| Interest income | (309) | (212) | — |
| Tax Receivable Agreement liability adjustment | (9,149) | (3,349) | (5,345) |
| Loss on debt extinguishment | — | 3,465 | — |
| INCOME BEFORE INCOME TAXES | 41,875 | 28,066 | 18,980 |
| Income tax expense | 6,799 | 3,248 | 1,823 |
| NET INCOME | 35,076 | 24,818 | 17,157 |
| Net income attributable to non-controlling interests | 5,559 | 6,394 | 6,306 |
| NET INCOME ATTRIBUTABLE TO PORTILLO'S INC. | $29,517 | $18,424 | $10,851 |
| Income per common share attributable to Portillo's Inc.: | |||
| Basic | $0.48 | $0.34 | $0.28 |
| Diluted | $0.46 | $0.32 | $0.25 |
| Weighted-average common shares outstanding: | |||
| Basic | 61,050,437 | 53,806,570 | 38,902,259 |
| Diluted | 63,982,643 | 57,307,784 | 42,715,977 |
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