Portillos Inc

For the period ended Mar 30, 2025. Filed May 6, 2025.

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 30, 2025 · Filed May 6, 2025

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 exhibits

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 30, 2025	March 31, 2024
REVENUES, NET	$176,437	$165,831
COST AND EXPENSES:
Restaurant operating expenses:
Food, beverage and packaging costs	61,102	56,961
Labor	46,868	43,302
Occupancy	10,021	9,340
Other operating expenses	21,790	19,857
Total restaurant operating expenses	139,781	129,460
General and administrative expenses	18,903	18,540
Pre-opening expenses	508	1,423
Depreciation and amortization	7,040	6,944
Net income attributable to equity method investment	(164)	(205)
Other income, net	(12)	(428)
OPERATING INCOME	10,381	10,097
Interest expense	5,749	6,530
Interest income	(71)	(79)
Tax Receivable Agreement liability adjustment	(647)	(561)
INCOME BEFORE INCOME TAXES	5,350	4,207
Income tax expense (benefit)	1,360	(1,137)
NET INCOME	3,990	5,344
Net income attributable to non-controlling interests	677	782
NET INCOME ATTRIBUTABLE TO PORTILLO'S INC.	$3,313	$4,562
Net income per common share attributable to Portillo's Inc.:
Basic	$0.05	$0.08
Diluted	$0.05	$0.08
Weighted-average common shares outstanding:
Basic	63,837,940	57,437,782
Diluted	66,468,491	60,493,958

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.