Portillo's Inc.
For the period ended Jun 29, 2025. Filed Aug 5, 2025.
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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.
Jun 29, 2025 · Filed Aug 5, 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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Condensed Consolidated Statements of Operations
PORTILLO'S INC
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except share and per share data)
| Quarter Ended | Two Quarters Ended | |||
|---|---|---|---|---|
| June 29, 2025 | June 30, 2024 | June 29, 2025 | June 30, 2024 | |
| REVENUES, NET | $188,456 | $181,862 | $364,893 | $347,693 |
| COST AND EXPENSES: | ||||
| Restaurant operating expenses: | ||||
| Food, beverage and packaging costs | 63,750 | 61,712 | 124,852 | 118,673 |
| Labor | 48,340 | 46,412 | 95,208 | 89,714 |
| Occupancy | 9,966 | 9,211 | 19,987 | 18,551 |
| Other operating expenses | 21,919 | 19,958 | 43,709 | 39,815 |
| Total restaurant operating expenses | 143,975 | 137,293 | 283,756 | 266,753 |
| General and administrative expenses | 18,798 | 17,941 | 37,701 | 36,481 |
| Pre-opening expenses | 1,697 | 2,100 | 2,205 | 3,523 |
| Depreciation and amortization | 7,137 | 7,106 | 14,177 | 14,050 |
| Net income attributable to equity method investment | (382) | (335) | (546) | (540) |
| Other income, net | (300) | (358) | (312) | (786) |
| OPERATING INCOME | 17,531 | 18,115 | 27,912 | 28,212 |
| Interest expense | 5,726 | 6,603 | 11,475 | 13,133 |
| Interest income | (79) | (75) | (150) | (154) |
| Tax Receivable Agreement liability adjustment | (1,838) | (439) | (2,485) | (1,000) |
| INCOME BEFORE INCOME TAXES | 13,722 | 12,026 | 19,072 | 16,233 |
| Income tax expense | 3,679 | 3,496 | 5,039 | 2,359 |
| NET INCOME | 10,043 | 8,530 | 14,033 | 13,874 |
| Net income attributable to non-controlling interests | 1,339 | 2,060 | 2,016 | 2,842 |
| NET INCOME ATTRIBUTABLE TO PORTILLO'S INC. | $8,704 | $6,470 | $12,017 | $11,032 |
| Net income per common share attributable to Portillo's Inc.: | ||||
| Basic | $0.13 | $0.10 | $0.18 | $0.19 |
| Diluted | $0.12 | $0.10 | $0.18 | $0.18 |
| Weighted-average common shares outstanding: | ||||
| Basic | 67,595,224 | 61,650,118 | 65,716,582 | 59,543,950 |
| Diluted | 69,867,802 | 64,608,698 | 68,174,864 | 62,577,748 |
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