Portillo's Inc.
For the period ended Dec 28, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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 28, 2025 | December 29, 2024 | December 31, 2023 | |
| REVENUES, NET | $732,066 | $710,554 | $679,905 |
| COST AND EXPENSES: | |||
| Restaurant operating expenses: | |||
| Food, beverage and packaging costs | 251,705 | 241,679 | 230,869 |
| Labor | 191,691 | 181,091 | 173,868 |
| Occupancy | 40,631 | 36,632 | 33,358 |
| Other operating expenses | 89,637 | 83,038 | 76,639 |
| Total restaurant operating expenses | 573,664 | 542,440 | 514,734 |
| General and administrative expenses | 77,140 | 75,089 | 78,835 |
| Pre-opening expenses | 8,802 | 9,236 | 9,019 |
| Depreciation and amortization | 29,112 | 27,297 | 24,313 |
| Net income attributable to equity method investment | (1,275) | (1,229) | (1,401) |
| Other loss (income), net | 946 | (312) | (1,035) |
| OPERATING INCOME | 43,677 | 58,033 | 55,440 |
| Interest expense | 22,808 | 25,616 | 27,470 |
| Interest income | (275) | (309) | (212) |
| Tax Receivable Agreement liability adjustment | (2,945) | (9,149) | (3,349) |
| Loss on debt extinguishment | — | — | 3,465 |
| INCOME BEFORE INCOME TAXES | 24,089 | 41,875 | 28,066 |
| Income tax expense | 2,997 | 6,799 | 3,248 |
| NET INCOME | 21,092 | 35,076 | 24,818 |
| Net income attributable to non-controlling interests | 1,747 | 5,559 | 6,394 |
| NET INCOME ATTRIBUTABLE TO PORTILLO'S INC. | $19,345 | $29,517 | $18,424 |
| Income per common share attributable to Portillo's Inc.: | |||
| Basic | $0.28 | $0.48 | $0.34 |
| Diluted | $0.27 | $0.46 | $0.32 |
| Weighted-average common shares outstanding: | |||
| Basic | 68,821,447 | 61,050,437 | 53,806,570 |
| Diluted | 71,086,762 | 63,982,643 | 57,307,784 |
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