Portillos Inc

For the period ended Dec 29, 2024. Filed Feb 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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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Contents

Consolidated Statements of Stockholders' Equity

(In thousands, except share data)

FISCAL YEARS ENDED DECEMBER 31, 2023 and DECEMBER 25, 2022
Class A Common Stock · Class BCommon Stock
Shares · Amount · Shares · Amount · Additional Paid-In Capital · (Accumulated Deficit) Retained Earnings · Non-controlling interest · Total Equity
Balance, as of December 26, 2021	35,807,171	$358	35,673,321	$—		$186,856		$(15,950)		$252,142		$423,406
Net income	—	—	—	—		—		10,851		6,306		17,157
Adoption of Accounting Standards Codification 842 - Leases	—	—	—	—		—		287		174		461
Equity-based compensation expense	—	—	—	—		8,820		—		7,317		16,137
Activity under equity-based compensation plans	777,393	8	—	—		(606)		—		—		(598)
Redemption of LLC Units	11,836,159	118	(11,836,159)	—		(118)		—		—		—
Non-controlling interest adjustment	—	—	—	—		89,374		—		(89,374)		—
Establishment of liabilities under Tax Receivable Agreement and related changes to deferred tax assets associated with increases in tax basis	—	—	—		(23,662)		—		—		(23,662)
Balance, as of December 25, 2022	48,420,723	$484	23,837,162	$—		$260,664		$(4,812)		$176,565		$432,901
Net income	—	—	—	—		—		18,424		6,394		24,818
Equity-based compensation expense	—	—	—	—		11,522		—		4,020		15,542
Activity under equity-based compensation plans	717,416	7	—	—		953		—		—		960
Redemption of LLC Interests	6,364,236	64	(6,364,236)	—		(64)		—		—		—
Non-controlling interest adjustment	—	—	—	—		48,849		—		(48,849)		—
Distributions paid to non-controlling interests holders	—	—	—	—		—		—		(399)		(399)
Establishment of liabilities under Tax Receivable Agreement and related changes to deferred tax assets associated with increases in tax basis	—	—	—	—		(13,712)		—		—		(13,712)
Balance, as of December 31, 2023	55,502,375	$555	17,472,926	$—		$308,212		$13,612		$137,731		$460,110

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

(In thousands, except share data)

FISCAL YEAR ENDED DECEMBER 29, 2024
Class A Common Stock · Class BCommon Stock
	Shares	Amount	Shares	Amount	Additional Paid-In Capital	Retained Earnings	Non-controlling interest	Total Equity
Balance, as of December 31, 2023	55,502,375	$555	17,472,926	$—	$308,212	$13,612	$137,731	$460,110
Net income	—	—	—	—	—	29,517	5,559	35,076
Equity-based compensation expense	—	—	—	—	9,257	—	1,894	11,151
Activity under equity-based compensation plans	1,432,078	15	—	—	3,452	—	—	3,467
Redemption of LLC Units	6,740,126	67	(6,740,126)	—	(67)	—	—	—
Non-controlling interest adjustment	—	—	—	—	55,304	—	(55,304)	—
Distributions paid to non-controlling interest holders	—	—	—	—	—	—	(838)	(838)
Establishment of liabilities under Tax Receivable Agreement and related changes to deferred tax assets associated with increases in tax basis	—	—	—	—	(18,863)	—	—	(18,863)
Balance, as of December 29, 2024	63,674,579	$637	10,732,800	$—	$357,295	$43,129	$89,042	$490,103

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.