Portillo's Inc.(NASDAQ:PTLO) 
Portillo's Inc., through with its subsidiaries, engages in the ownership and operation of fast casual and quick service restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, chopped salads, burgers, crinkle-cut French fries, homemade choco...
Website: http://www.portillos.com
Founded: 1963
Founder: Richard J. Portillo
CEO: Michael Osanloo
Sector: Consumer Cyclical
Industry: Restaurants
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-24 | 2023-06-25 | 2023-03-26 | 2022-12-25 | 2022-09-25 | 2022-06-26 | 2022-03-27 | 2021-12-26 | 2021-09-26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 182,623,000 | 185,745,000 | 181,428,000 | 188,456,000 | 176,437,000 | 184,609,000 | 178,252,000 | 181,862,000 | 165,831,000 | 187,858,000 | 166,805,000 | 169,182,000 | 156,061,000 | 150,878,000 | 151,121,000 | 150,623,000 | 134,482,000 | 138,908,000 | 138,003,000 |
yoy | 3.51% | 0.62% | 1.78% | 3.63% | 6.40% | -1.73% | 6.86% | 7.49% | 6.26% | 24.51% | 10.38% | 12.32% | 16.05% | 8.62% | 9.51% | ||||
qoq | -1.68% | 2.38% | -3.73% | 6.81% | -4.43% | 3.57% | -1.99% | 9.67% | -11.73% | 12.62% | -1.40% | 8.41% | 3.44% | -0.16% | 0.33% | 12.00% | -3.19% | 0.66% | |
cost and expenses: | |||||||||||||||||||
restaurant operating expenses: | |||||||||||||||||||
food, beverage and packaging costs | 63,285,000 | 64,234,000 | 62,619,000 | 63,750,000 | 61,102,000 | 62,870,000 | 60,136,000 | 61,712,000 | 56,961,000 | 65,462,000 | 55,551,000 | 56,229,000 | |||||||
labor | 49,195,000 | 48,220,000 | 48,263,000 | 48,340,000 | 46,868,000 | 45,432,000 | 45,945,000 | 46,412,000 | 43,302,000 | 47,668,000 | 42,588,000 | 43,153,000 | 40,459,000 | 40,040,000 | 39,133,000 | 37,906,000 | 37,313,000 | 36,355,000 | 36,921,000 |
occupancy | 11,184,000 | 10,120,000 | 10,524,000 | 9,966,000 | 10,021,000 | 8,909,000 | 9,172,000 | 9,211,000 | 9,340,000 | 8,460,000 | 8,210,000 | 8,237,000 | 8,451,000 | 7,879,000 | 7,644,000 | 7,379,000 | 7,755,000 | 7,170,000 | 7,000,000 |
other operating expenses | 24,115,000 | 22,597,000 | 23,331,000 | 21,919,000 | 21,790,000 | 22,170,000 | 21,053,000 | 19,958,000 | 19,857,000 | 20,532,000 | 18,571,000 | 18,832,000 | 18,704,000 | 18,087,000 | 16,882,000 | 15,178,000 | 15,165,000 | 15,071,000 | 15,554,000 |
total restaurant operating expenses | 147,779,000 | 145,171,000 | 144,737,000 | 143,975,000 | 139,781,000 | 139,381,000 | 136,306,000 | 137,293,000 | 129,460,000 | 142,122,000 | 124,920,000 | 126,451,000 | 121,240,000 | 118,829,000 | 117,033,000 | 112,237,000 | 106,499,000 | 103,895,000 | 103,760,000 |
general and administrative expenses | 20,359,000 | 19,414,000 | 20,025,000 | 18,798,000 | 18,903,000 | 20,303,000 | 18,305,000 | 17,941,000 | 18,540,000 | 21,550,000 | 18,898,000 | 19,609,000 | 18,778,000 | 17,707,000 | 18,059,000 | 15,439,000 | 15,687,000 | 51,334,000 | 11,750,000 |
pre-opening expenses | 2,550,000 | 3,337,000 | 3,260,000 | 1,697,000 | 508,000 | 3,966,000 | 1,747,000 | 2,100,000 | 1,423,000 | 3,990,000 | 2,410,000 | 275,000 | 2,344,000 | 2,945,000 | 791,000 | 423,000 | 556,000 | 1,258,000 | 347,000 |
depreciation and amortization | 7,936,000 | 7,623,000 | 7,312,000 | 7,137,000 | 7,040,000 | 6,568,000 | 6,679,000 | 7,106,000 | 6,944,000 | 6,525,000 | 6,178,000 | 5,941,000 | 5,670,000 | 5,104,000 | 5,289,000 | 5,309,000 | 5,205,000 | 5,087,000 | 5,516,000 |
net income attributable to equity method investment | -206,000 | -277,000 | -452,000 | -382,000 | -164,000 | -306,000 | -383,000 | -335,000 | -205,000 | -391,000 | -422,000 | -381,000 | -207,000 | -276,000 | -409,000 | -275,000 | -123,000 | -146,000 | -292,000 |
other income | -287,000 | -300,000 | -12,000 | 864,000 | -390,000 | -358,000 | -428,000 | -405,000 | -276,000 | -257,000 | 129,000 | -228,000 | -156,000 | -4,000 | -292,000 | ||||
operating income | 4,492,000 | 10,331,000 | 5,434,000 | 17,531,000 | 10,381,000 | 13,833,000 | 15,988,000 | 18,115,000 | 10,097,000 | 14,467,000 | 15,097,000 | 17,384,000 | 8,493,000 | 6,440,000 | 10,586,000 | 17,439,000 | 6,814,000 | -22,516,000 | 17,214,000 |
yoy | -56.73% | -25.32% | -66.01% | -3.22% | 2.81% | -4.38% | 5.90% | 4.21% | 18.89% | 124.64% | 42.61% | -0.32% | 24.64% | -128.60% | -38.50% | ||||
qoq | -56.52% | 90.12% | -69.00% | 68.88% | -24.95% | -13.48% | -11.74% | 79.41% | -30.21% | -4.17% | -13.16% | 104.69% | 31.88% | -39.16% | -39.30% | 155.93% | -130.26% | -230.80% | |
operating margin % | 2.46% | 5.56% | 3.00% | 9.30% | 5.88% | 7.49% | 8.97% | 9.96% | 6.09% | 7.70% | 9.05% | 10.28% | 5.44% | 4.27% | 7.00% | 11.58% | 5.07% | -16.21% | 12.47% |
interest expense | 5,627,000 | 5,669,000 | 5,664,000 | 5,726,000 | 5,749,000 | 6,033,000 | 6,450,000 | 6,603,000 | 6,530,000 | 6,931,000 | 6,573,000 | 6,523,000 | 7,444,000 | 8,358,000 | 7,090,000 | 6,097,000 | 6,099,000 | 7,570,000 | 10,683,000 |
interest income | -50,000 | -7,000 | -118,000 | -79,000 | -71,000 | -105,000 | -50,000 | -75,000 | -79,000 | -96,000 | -116,000 | ||||||||
tax receivable agreement liability adjustment | -412,000 | -813,000 | 353,000 | -1,838,000 | -647,000 | -6,425,000 | -1,724,000 | -439,000 | -561,000 | -1,658,000 | -528,000 | -579,000 | -584,000 | -2,883,000 | -708,000 | -1,754,000 | |||
income before income taxes | -673,000 | 5,482,000 | -465,000 | 13,722,000 | 5,350,000 | 14,330,000 | 11,312,000 | 12,026,000 | 4,207,000 | 9,290,000 | 9,168,000 | 11,440,000 | -1,832,000 | 965,000 | 4,204,000 | 13,096,000 | 715,000 | ||
income tax expense | -164,000 | -795,000 | -1,247,000 | 3,679,000 | 1,360,000 | 1,901,000 | 2,539,000 | 3,496,000 | -357,000 | 2,622,000 | 1,542,000 | -559,000 | -1,688,000 | 1,006,000 | 2,340,000 | 165,000 | |||
net income | -509,000 | 6,277,000 | 782,000 | 10,043,000 | 3,990,000 | 12,429,000 | 8,773,000 | 8,530,000 | 5,344,000 | 9,647,000 | 6,546,000 | 9,898,000 | -1,273,000 | 2,653,000 | 3,198,000 | 10,756,000 | 550,000 | -33,820,000 | 6,531,000 |
yoy | -112.76% | -49.50% | -91.09% | 17.74% | -25.34% | 28.84% | 34.02% | -13.82% | -519.80% | 263.63% | 104.69% | -7.98% | -331.45% | -107.84% | -51.03% | ||||
qoq | -108.11% | 702.69% | -92.21% | 151.70% | -67.90% | 41.67% | 2.85% | 59.62% | -44.60% | 47.37% | -33.87% | -877.53% | -147.98% | -17.04% | -70.27% | 1855.64% | -101.63% | -617.84% | |
net income margin % | -0.28% | 3.38% | 0.43% | 5.33% | 2.26% | 6.73% | 4.92% | 4.69% | 3.22% | 5.14% | 3.92% | 5.85% | -0.82% | 1.76% | 2.12% | 7.14% | 0.41% | -24.35% | 4.73% |
net income attributable to non-controlling interests | -107,000 | 163,000 | -432,000 | 1,339,000 | 677,000 | 1,164,000 | 1,553,000 | 2,060,000 | 782,000 | 1,858,000 | 2,185,000 | 3,110,000 | -759,000 | -1,301,000 | 1,606,000 | 5,645,000 | 356,000 | ||
net income attributable to portillo's inc. | -402,000 | 6,114,000 | 1,214,000 | 8,704,000 | 3,313,000 | 11,265,000 | 7,220,000 | 6,470,000 | 4,562,000 | 7,789,000 | 4,361,000 | 6,788,000 | -514,000 | 3,954,000 | 1,592,000 | 5,111,000 | 194,000 | ||
net income per common share attributable to portillo's inc.: | |||||||||||||||||||
basic | -10 | 50 | 20 | 130 | 50 | 75 | 120 | 100 | 80 | 50 | 80 | 120 | -10 | ||||||
diluted | -10 | 47.5 | 20 | 120 | 50 | 72.5 | 110 | 100 | 80 | 47.5 | 70 | 120 | -10 | ||||||
weighted-average common shares outstanding: | |||||||||||||||||||
basic | 72,076,398,000 | 68,821,447,000 | 71,908,534,000 | 67,595,224,000 | 63,837,940,000 | 61,050,437,000 | 61,921,564,000 | 61,650,118,000 | 57,437,782,000 | 53,806,570,000 | 55,127,133,000 | 54,964,649,000 | 49,599,074,000 | 38,902,259,000 | 38,899,373,000 | 35,991,079,000 | 35,807,171,000 | 35,807,171,000 | 51,210,222,000 |
diluted | 72,076,398,000 | 71,086,762,000 | 73,973,710,000 | 69,867,802,000 | 66,468,491,000 | 63,982,643,000 | 64,894,558,000 | 64,608,698,000 | 60,493,958,000 | 57,307,784,000 | 58,767,812,000 | 58,550,057,000 | 49,599,074,000 | 42,715,977,000 | 42,625,160,000 | 39,687,090,000 | 39,944,086,000 | 35,807,171,000 | 51,581,685,000 |
other loss | 146,000 | 1,112,000 | -97,000 | 51,000 | |||||||||||||||
loss on debt extinguishment | 3,465,000 | ||||||||||||||||||
income tax benefit | -1,137,000 | ||||||||||||||||||
cost of goods sold, excluding depreciation and amortization | 53,626,000 | 52,823,000 | 53,374,000 | 51,774,000 | 46,266,000 | 45,299,000 | 44,285,000 | ||||||||||||
less: redeemable preferred units accretion | -4,198,000 | -5,886,000 | |||||||||||||||||
net income attributable to common unit holders | 3,626,000 | 3,198,000 | 10,756,000 | 550,000 | 856,500 | 645,000 | |||||||||||||
income per common share attributable to portillo's inc.: | |||||||||||||||||||
basic | 90 | 40 | 140 | 10 | |||||||||||||||
diluted | 80 | 40 | 130 | ||||||||||||||||
earnings per common unit: | |||||||||||||||||||
basic | 17.5 | 10 | |||||||||||||||||
diluted | 17.5 | 10 | |||||||||||||||||
weighted-average common units outstanding: | |||||||||||||||||||
basic | 72,076,398,000 | 68,821,447,000 | 71,908,534,000 | 67,595,224,000 | 63,837,940,000 | 61,050,437,000 | 61,921,564,000 | 61,650,118,000 | 57,437,782,000 | 53,806,570,000 | 55,127,133,000 | 54,964,649,000 | 49,599,074,000 | 38,902,259,000 | 38,899,373,000 | 35,991,079,000 | 35,807,171,000 | 35,807,171,000 | 51,210,222,000 |
diluted | 72,076,398,000 | 71,086,762,000 | 73,973,710,000 | 69,867,802,000 | 66,468,491,000 | 63,982,643,000 | 64,894,558,000 | 64,608,698,000 | 60,493,958,000 | 57,307,784,000 | 58,767,812,000 | 58,550,057,000 | 49,599,074,000 | 42,715,977,000 | 42,625,160,000 | 39,687,090,000 | 39,944,086,000 | 35,807,171,000 | 51,581,685,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-24 | 2023-06-25 | 2023-03-26 | 2022-12-25 | 2022-09-25 | 2022-06-26 | 2022-03-27 | 2021-12-26 | 2021-09-26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||
current assets: | |||||||||||||||||||
cash and cash equivalents and restricted cash | 23,993,000 | 19,963,000 | 17,234,000 | 16,621,000 | 12,936,000 | 22,876,000 | 18,520,000 | 12,357,000 | 13,184,000 | 10,438,000 | 12,947,000 | 22,457,000 | 14,611,000 | 44,427,000 | 46,722,000 | 49,730,000 | 32,182,000 | 39,263,000 | |
accounts and tenant improvement receivables | 13,137,000 | 16,502,000 | 18,850,000 | 17,669,000 | 14,283,000 | 14,794,000 | 14,913,000 | 15,326,000 | 14,447,000 | 14,183,000 | 14,962,000 | ||||||||
inventories | 7,668,000 | 8,207,000 | 9,225,000 | 10,098,000 | 6,675,000 | 7,915,000 | |||||||||||||
prepaid expenses and other | 7,127,000 | 6,844,000 | |||||||||||||||||
total current assets | 51,925,000 | 51,516,000 | 50,095,000 | 50,293,000 | 41,857,000 | 52,651,000 | 46,932,000 | 41,945,000 | 42,387,000 | 41,919,000 | 39,125,000 | 45,585,000 | 35,878,000 | 65,326,000 | 64,936,000 | 69,281,000 | 48,885,000 | 59,017,000 | 67,128,000 |
property and equipment | 428,546,000 | 420,263,000 | 407,252,000 | 384,883,000 | 366,132,000 | 358,975,000 | 343,160,000 | 314,617,000 | 306,106,000 | 295,793,000 | 274,605,000 | 250,443,000 | 237,216,000 | 227,036,000 | 211,741,000 | 193,813,000 | 192,093,000 | 190,834,000 | 186,621,000 |
operating lease assets | 264,851,000 | 261,086,000 | 259,468,000 | 243,220,000 | 228,114,000 | 222,390,000 | 214,338,000 | 213,757,000 | 194,852,000 | 193,825,000 | 191,488,000 | 179,449,000 | 173,414,000 | 166,808,000 | |||||
goodwill | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 | 394,298,000 |
trade names | 221,725,000 | 221,725,000 | 221,725,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | 223,925,000 | |
other intangible assets | 22,714,000 | 23,391,000 | 24,068,000 | 24,745,000 | 25,421,000 | 26,098,000 | 26,745,000 | 27,467,000 | 28,189,000 | 28,911,000 | 29,634,000 | 30,356,000 | 31,078,000 | 31,800,000 | 33,478,000 | 34,263,000 | 35,047,000 | 35,832,000 | |
equity method investment | 15,624,000 | 15,696,000 | 15,701,000 | 15,538,000 | 15,942,000 | 16,056,000 | 16,032,000 | 15,940,000 | 16,641,000 | 16,684,000 | 16,543,000 | 16,373,000 | 16,238,000 | 16,274,000 | 16,245,000 | 16,083,000 | 16,127,000 | 16,170,000 | 16,278,000 |
deferred tax assets | 211,473,000 | 211,267,000 | 210,298,000 | 209,051,000 | 196,049,000 | 197,409,000 | 197,580,000 | 200,119,000 | 203,615,000 | 184,701,000 | 184,375,000 | 186,997,000 | 185,943,000 | 150,497,000 | 115,202,000 | ||||
other assets | 6,680,000 | 7,292,000 | 7,637,000 | 7,777,000 | 7,558,000 | 8,284,000 | 8,409,000 | 6,850,000 | 6,877,000 | 5,485,000 | 3,847,000 | 4,061,000 | 3,713,000 | 4,119,000 | 4,247,000 | 4,282,000 | 4,636,000 | 5,042,000 | 4,596,000 |
total other assets | 872,514,000 | 873,669,000 | 873,727,000 | 875,334,000 | 863,193,000 | 866,070,000 | 866,989,000 | 868,599,000 | 873,545,000 | 854,004,000 | 852,622,000 | 856,010,000 | 855,195,000 | 820,913,000 | 787,395,000 | 744,800,000 | 748,322,000 | 749,722,000 | 675,713,000 |
total assets | 1,617,836,000 | 1,606,534,000 | 1,590,542,000 | 1,553,730,000 | 1,499,296,000 | 1,500,086,000 | 1,471,419,000 | 1,438,918,000 | 1,416,890,000 | 1,385,541,000 | 1,357,840,000 | 1,331,487,000 | 1,301,703,000 | 1,280,083,000 | 1,064,072,000 | 1,007,894,000 | 989,300,000 | 999,573,000 | 929,462,000 |
liabilities and stockholders' equity | |||||||||||||||||||
current liabilities: | |||||||||||||||||||
accounts payable | 39,058,000 | 43,210,000 | 48,470,000 | 43,683,000 | 33,109,000 | 45,516,000 | 47,165,000 | 37,584,000 | 29,323,000 | 33,189,000 | 33,481,000 | 24,147,000 | 22,130,000 | 30,273,000 | 27,442,000 | 20,382,000 | 22,170,000 | 27,249,000 | 21,531,000 |
current portion of long-term debt | 6,250,000 | 6,250,000 | 6,250,000 | 6,250,000 | 4,688,000 | 11,250,000 | 9,375,000 | 9,375,000 | 7,500,000 | 7,500,000 | 7,500,000 | 7,500,000 | 7,500,000 | 4,155,000 | 3,324,000 | 3,324,000 | 3,324,000 | 3,324,000 | 3,324,000 |
current portion of tax receivable agreement liability | 1,315,000 | 7,910,000 | 7,766,000 | 9,177,000 | 9,007,000 | 7,686,000 | 7,723,000 | 7,230,000 | 7,191,000 | 4,428,000 | 6,527,000 | 6,309,000 | 6,309,000 | 813,000 | |||||
short-term debt | 104,000,000 | 90,000,000 | 77,000,000 | 70,000,000 | 73,000,000 | 25,000,000 | 14,000,000 | 17,000,000 | 32,000,000 | 15,000,000 | 10,000,000 | 10,000,000 | |||||||
deferred revenue | 5,541,000 | 7,472,000 | 4,394,000 | 4,970,000 | 5,319,000 | 7,032,000 | 4,112,000 | 4,712,000 | |||||||||||
short-term operating lease liabilities | 6,922,000 | 6,878,000 | 6,301,000 | 6,458,000 | |||||||||||||||
accrued expenses | 36,848,000 | 32,236,000 | 37,123,000 | 30,730,000 | 34,244,000 | 33,072,000 | 36,246,000 | 27,573,000 | 29,895,000 | 32,039,000 | 33,355,000 | 31,322,000 | 27,592,000 | 29,915,000 | 23,264,000 | 25,123,000 | 21,265,000 | 29,472,000 | 33,482,000 |
total current liabilities | 199,934,000 | 193,956,000 | 187,304,000 | 171,268,000 | 165,910,000 | 135,569,000 | 124,288,000 | 109,265,000 | 116,875,000 | 104,913,000 | 90,005,000 | 89,027,000 | 83,739,000 | 77,297,000 | 58,063,000 | 53,478,000 | 51,822,000 | 66,938,000 | 62,266,000 |
long-term liabilities: | |||||||||||||||||||
long-term debt | 236,585,000 | 237,977,000 | 239,368,000 | 240,758,000 | 242,147,000 | 275,422,000 | 278,867,000 | 278,679,000 | 282,239,000 | 283,923,000 | 287,486,000 | 289,168,000 | 288,979,000 | 314,425,000 | 315,288,000 | 315,410,000 | 315,619,000 | 315,829,000 | 466,764,000 |
tax receivable agreement liability | 342,841,000 | 344,524,000 | 345,480,000 | 343,717,000 | 307,239,000 | 316,893,000 | 318,967,000 | 320,849,000 | 321,328,000 | 295,390,000 | 294,950,000 | 295,696,000 | 292,490,000 | 252,003,000 | 205,287,000 | 154,883,000 | 156,638,000 | 156,638,000 | |
long-term operating lease liabilities | 334,827,000 | 329,190,000 | 326,391,000 | 306,692,000 | |||||||||||||||
other long-term liabilities | 3,394,000 | 3,614,000 | 3,599,000 | 3,498,000 | 3,371,000 | 3,559,000 | 3,945,000 | 2,774,000 | 2,670,000 | 2,791,000 | 2,973,000 | 3,151,000 | 2,827,000 | 3,291,000 | 3,745,000 | 3,800,000 | 4,156,000 | 4,588,000 | 6,862,000 |
total long-term liabilities | 917,647,000 | 915,305,000 | 914,838,000 | 894,665,000 | 837,980,000 | 874,414,000 | 869,539,000 | 865,531,000 | 847,670,000 | 820,518,000 | 820,108,000 | 806,004,000 | 794,978,000 | 769,885,000 | 561,884,000 | 510,604,000 | 509,737,000 | 509,229,000 | 504,470,000 |
total liabilities | 1,117,581,000 | 1,109,261,000 | 1,102,142,000 | 1,065,933,000 | 1,003,890,000 | 1,009,983,000 | 993,827,000 | 974,796,000 | 964,545,000 | 925,431,000 | 910,113,000 | 895,031,000 | 878,717,000 | 847,182,000 | 619,947,000 | 564,082,000 | 561,559,000 | 576,167,000 | 566,736,000 |
commitments and contingencies | |||||||||||||||||||
stockholders' equity: | |||||||||||||||||||
preferred stock, 0.01 par value per share... | |||||||||||||||||||
class a common stock, 0.01 par value per share... | 722,000 | 720,000 | 719,000 | 719,000 | 639,000 | 637,000 | 622,000 | 617,000 | 615,000 | 555,000 | 552,000 | 551,000 | 545,000 | 484,000 | 421,000 | 362,000 | 358,000 | 358,000 | |
class b common stock, 0.00001 par value per share... | |||||||||||||||||||
additional paid-in-capital | 408,161,000 | 404,603,000 | 402,343,000 | 403,068,000 | 359,798,000 | 357,295,000 | 349,955,000 | 344,937,000 | 341,750,000 | 308,212,000 | 305,515,000 | 301,622,000 | 294,984,000 | 260,664,000 | 232,031,000 | 192,862,000 | 188,752,000 | 186,856,000 | 141,751,000 |
retained earnings | 62,072,000 | 62,474,000 | 56,360,000 | 55,146,000 | 46,442,000 | 43,129,000 | 31,864,000 | 24,644,000 | 18,174,000 | 13,612,000 | 5,823,000 | 1,462,000 | 3,426,000 | ||||||
total stockholders' equity attributable to portillo's inc. | 470,955,000 | 467,797,000 | 459,422,000 | 458,933,000 | 406,879,000 | 401,061,000 | 382,441,000 | 370,198,000 | 360,539,000 | 322,379,000 | 311,890,000 | 303,635,000 | 290,203,000 | 256,336,000 | 223,399,000 | 182,579,000 | 173,354,000 | 171,264,000 | |
non-controlling interest | 29,300,000 | 29,476,000 | 28,978,000 | 28,864,000 | 88,527,000 | 89,042,000 | 95,151,000 | 93,924,000 | 91,806,000 | 137,731,000 | 135,837,000 | 132,821,000 | 132,783,000 | 176,565,000 | 220,726,000 | 261,233,000 | 254,387,000 | 252,142,000 | |
total stockholders' equity | 500,255,000 | 497,273,000 | 488,400,000 | 487,797,000 | 495,406,000 | 490,103,000 | 477,592,000 | 464,122,000 | 452,345,000 | 460,110,000 | 447,727,000 | 436,456,000 | 422,986,000 | 432,901,000 | 444,125,000 | 443,812,000 | 427,741,000 | 423,406,000 | |
total liabilities and stockholders' equity | 1,617,836,000 | 1,606,534,000 | 1,590,542,000 | 1,553,730,000 | 1,499,296,000 | 1,500,086,000 | 1,471,419,000 | 1,438,918,000 | 1,416,890,000 | 1,385,541,000 | 1,357,840,000 | 1,331,487,000 | 1,301,703,000 | 1,280,083,000 | 1,064,072,000 | 1,007,894,000 | 989,300,000 | ||
prepaid expenses | 4,786,000 | 5,905,000 | 7,963,000 | 7,066,000 | 5,201,000 | 5,507,000 | 6,246,000 | 8,565,000 | 4,798,000 | 5,139,000 | 5,879,000 | 4,922,000 | 4,170,000 | 5,082,000 | 6,155,000 | 5,836,000 | |||
short-term lease liability | 6,543,000 | 6,013,000 | |||||||||||||||||
long-term lease liability | 285,223,000 | 278,540,000 | |||||||||||||||||
inventory | 8,298,000 | 8,755,000 | 8,510,000 | 8,733,000 | 6,418,000 | 6,493,000 | 5,259,000 | 7,387,000 | 5,934,000 | 5,639,000 | 5,147,000 | 6,078,000 | 4,399,000 | ||||||
short-term operating lease liability | 5,667,000 | 5,791,000 | 5,773,000 | 5,577,000 | 5,048,000 | 5,053,000 | 5,088,000 | 4,849,000 | |||||||||||
long-term operating lease liability | 267,760,000 | 263,229,000 | 241,433,000 | 238,414,000 | 234,699,000 | 217,989,000 | 210,682,000 | 200,166,000 | |||||||||||
current deferred revenue | 5,193,000 | 7,180,000 | 4,094,000 | 4,696,000 | 5,120,000 | 7,292,000 | 4,033,000 | 4,649,000 | 5,063,000 | 6,893,000 | 3,929,000 | ||||||||
accounts receivable | 11,496,000 | 10,129,000 | 8,590,000 | 8,110,000 | 8,830,000 | 5,401,000 | 7,840,000 | 5,727,000 | |||||||||||
accumulated deficit | -5,326,000 | -4,812,000 | -9,053,000 | -10,645,000 | -15,756,000 | -15,950,000 | |||||||||||||
deferred rent | 37,564,000 | 36,511,000 | 33,324,000 | 32,174,000 | 30,844,000 | ||||||||||||||
other assets: | |||||||||||||||||||
deferred tax asset | 71,949,000 | 74,289,000 | 74,455,000 | ||||||||||||||||
liabilities, redeemable preferred units and stockholders' equity | |||||||||||||||||||
redeemable preferred units, — and 100,000 units authorized, issued and outstanding as of december 26, 2021 and december 27, 2020, respectively | |||||||||||||||||||
member's equity | |||||||||||||||||||
total liabilities, redeemable preferred units and stockholders' equity | 999,573,000 | ||||||||||||||||||
cash and cash equivalents | 49,367,000 | ||||||||||||||||||
restricted cash | 190,000 | ||||||||||||||||||
other current assets | 7,445,000 | ||||||||||||||||||
intangible assets-net of accumulated amortization | 260,541,000 | ||||||||||||||||||
liabilities, redeemable preferred units and common equity | |||||||||||||||||||
redeemable preferred units | 217,549,000 | ||||||||||||||||||
common equity: | |||||||||||||||||||
common units—51,210,222 and 51,192,434 units authorized, 51,210,222 and 51,192,434 units issued and outstanding as of september 26, 2021 and december 27, 2020 | |||||||||||||||||||
stock subscription receivable | |||||||||||||||||||
total common equity | 145,177,000 | ||||||||||||||||||
total liabilities, redeemable preferred units and common equity | 929,462,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-24 | 2023-06-25 | 2023-03-26 | 2022-12-25 | 2022-09-25 | 2022-06-26 | 2022-03-27 | 2021-12-26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||
net income | -509,000 | 6,277,000 | 782,000 | 10,043,000 | 3,990,000 | 12,429,000 | 8,773,000 | 8,530,000 | 5,344,000 | 9,647,000 | 6,546,000 | 9,898,000 | -1,273,000 | 2,653,000 | 3,198,000 | 10,756,000 | 550,000 | -33,820,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||
depreciation and amortization | 7,936,000 | 7,623,000 | 7,312,000 | 7,137,000 | 7,040,000 | 6,568,000 | 6,679,000 | 7,106,000 | 6,944,000 | 6,525,000 | 6,178,000 | 5,940,000 | 5,670,000 | 5,104,000 | 5,289,000 | 5,309,000 | 5,205,000 | 5,087,000 |
amortization of debt issuance costs and discount | 170,000 | 171,000 | 172,000 | 173,000 | 176,000 | 305,000 | 188,000 | 190,000 | 190,000 | 187,000 | 194,000 | 189,000 | 431,000 | 799,000 | 709,000 | 622,000 | 621,000 | 730,000 |
loss on sales of assets | 72,000 | 186,000 | 106,000 | 81,000 | 61,000 | 398,000 | 64,000 | -10,000 | 76,000 | 80,000 | 16,000 | 378,000 | 118,000 | 186,000 | 105,000 | 85,000 | 22,000 | 126,000 |
equity-based compensation | 3,230,000 | 2,205,000 | -320,000 | 2,658,000 | 1,950,000 | 1,928,000 | 3,506,000 | 2,890,000 | 2,827,000 | 3,498,000 | 4,324,000 | 4,183,000 | 3,537,000 | 4,790,000 | 3,698,000 | 3,864,000 | 3,785,000 | |
deferred income tax expense | -164,000 | -795,000 | -1,247,000 | 3,679,000 | 1,360,000 | 1,873,000 | 2,539,000 | 2,622,000 | 1,542,000 | -559,000 | 1,006,000 | 2,340,000 | 165,000 | |||||
tax receivable agreement liability adjustment | -412,000 | -813,000 | 353,000 | -1,838,000 | -647,000 | -6,425,000 | -1,724,000 | -439,000 | -561,000 | -1,658,000 | -528,000 | -579,000 | -584,000 | -2,883,000 | -708,000 | |||
gift card breakage | -336,000 | -201,000 | -154,000 | -201,000 | -301,000 | -186,000 | -164,000 | -202,000 | -300,000 | -229,000 | -160,000 | -199,000 | -329,000 | -172,000 | -152,000 | -181,000 | -293,000 | -161,000 |
changes in operating assets and liabilities: | ||||||||||||||||||
accounts receivable | 1,434,000 | -303,000 | -347,000 | 527,000 | 1,178,000 | -502,000 | -179,000 | -387,000 | -1,405,000 | 499,000 | -975,000 | -2,905,000 | 1,816,000 | |||||
receivables from related parties | -16,000 | 127,000 | -86,000 | -8,000 | -8,000 | -198,000 | 310,000 | -121,000 | -37,000 | 18,000 | 41,000 | -40,000 | -101,000 | 130,000 | 32,000 | -58,000 | -8,000 | -8,000 |
inventories | 539,000 | 1,018,000 | 873,000 | -3,423,000 | 1,240,000 | |||||||||||||
other current assets | -281,000 | -2,059,000 | 1,119,000 | 2,058,000 | -897,000 | -1,865,000 | 306,000 | 688,000 | 1,228,000 | -3,767,000 | 342,000 | 739,000 | -957,000 | -752,000 | 912,000 | 1,073,000 | -319,000 | -3,728,000 |
operating lease assets | 2,475,000 | 2,620,000 | 2,522,000 | 2,174,000 | 2,383,000 | 1,958,000 | 2,050,000 | 2,248,000 | 2,213,000 | 1,717,000 | 1,805,000 | 1,799,000 | 2,081,000 | |||||
accounts payable | -1,378,000 | 7,012,000 | 743,000 | -563,000 | -6,876,000 | 6,746,000 | -2,295,000 | 10,333,000 | -3,500,000 | 2,986,000 | 2,000 | 381,000 | -3,160,000 | -2,532,000 | 1,819,000 | 800,000 | -3,708,000 | 4,299,000 |
accrued expenses and other liabilities | 2,970,000 | -1,694,000 | 5,988,000 | -3,757,000 | -227,000 | -53,000 | 8,245,000 | -2,573,000 | -3,792,000 | 1,998,000 | 1,582,000 | 3,954,000 | -4,513,000 | 10,035,000 | -2,308,000 | 3,605,000 | -9,745,000 | -887,000 |
operating lease liabilities | -785,000 | -624,000 | -689,000 | -632,000 | -975,000 | -587,000 | -683,000 | -883,000 | -1,025,000 | -258,000 | -416,000 | -561,000 | -798,000 | |||||
deferred lease incentives | 2,091,000 | 3,096,000 | 600,000 | 2,077,000 | 1,375,000 | 1,159,000 | 942,000 | 488,000 | 163,000 | 0 | 850,000 | 0 | 400,000 | 651,000 | 600,000 | 0 | ||
other assets and liabilities | 518,000 | 435,000 | 77,000 | 423,000 | 654,000 | -287,000 | -478,000 | 886,000 | -379,000 | -1,964,000 | -138,000 | -162,000 | -19,000 | 83,000 | -173,000 | 46,000 | 30,000 | 111,000 |
net cash from operating activities | 17,554,000 | 23,170,000 | 20,048,000 | 19,243,000 | 9,450,000 | 26,086,000 | 30,326,000 | 32,551,000 | 9,077,000 | 17,211,000 | 22,261,000 | 24,823,000 | 6,486,000 | 17,920,000 | 13,610,000 | 24,559,000 | 800,000 | 2,983,000 |
capital expenditures | -18,461,000 | -32,338,000 | -25,016,000 | -14,041,000 | -19,040,000 | -31,677,000 | -22,609,000 | -16,966,000 | -16,939,000 | -30,258,000 | -20,301,000 | -17,143,000 | -20,216,000 | -17,049,000 | -16,072,000 | -7,661,000 | -6,279,000 | -8,496,000 |
free cash flows | -907,000 | -9,168,000 | -4,968,000 | 5,202,000 | -9,590,000 | -5,591,000 | 7,717,000 | 15,585,000 | -7,862,000 | -13,047,000 | 1,960,000 | 7,680,000 | -13,730,000 | 871,000 | -2,462,000 | 16,898,000 | -5,479,000 | -5,513,000 |
cash flows from investing activities: | ||||||||||||||||||
purchase of property and equipment | -18,461,000 | -32,338,000 | -25,016,000 | -14,041,000 | -19,040,000 | -31,677,000 | -22,609,000 | -16,966,000 | -16,939,000 | -30,258,000 | -20,301,000 | -17,143,000 | -20,216,000 | -17,049,000 | -16,072,000 | -7,661,000 | -6,279,000 | -8,496,000 |
other | 156,000 | |||||||||||||||||
net cash from investing activities | -18,305,000 | -32,114,000 | -25,003,000 | -14,036,000 | -19,040,000 | -31,677,000 | -22,609,000 | -16,889,000 | -16,939,000 | -30,258,000 | -20,253,000 | -17,136,000 | -20,190,000 | -17,049,000 | -16,058,000 | -7,631,000 | -6,279,000 | -8,496,000 |
cash flows from financing activities: | ||||||||||||||||||
proceeds from short-term debt | 14,000,000 | 13,000,000 | 7,000,000 | -3,000,000 | 48,000,000 | -15,000,000 | 17,000,000 | 0 | 10,000,000 | |||||||||
payments of long-term debt | -1,562,000 | -1,563,000 | -1,562,000 | 0 | -38,750,000 | -1,875,000 | 0 | -1,875,000 | -1,875,000 | -3,750,000 | -1,875,000 | 0 | -322,428,000 | -831,000 | -831,000 | -831,000 | -831,000 | -155,831,000 |
distributions paid to non-controlling interest holders | -376,000 | 0 | 0 | 0 | -1,291,000 | 0 | 0 | 0 | -838,000 | 0 | 0 | |||||||
proceeds from stock option exercises | 231,000 | 0 | 0 | 2,140,000 | 587,000 | 1,756,000 | 1,467,000 | 477,000 | 632,000 | 558,000 | 306,000 | 425,000 | 590,000 | |||||
employee withholding taxes related to net settled equity awards | -29,000 | -62,000 | -97,000 | -826,000 | -61,000 | -1,038,000 | -116,000 | -267,000 | -12,000 | -1,393,000 | -56,000 | -37,000 | -19,000 | |||||
proceeds from employee stock purchase plan purchases | 80,000 | 88,000 | 87,000 | 164,000 | 114,000 | 107,000 | 95,000 | 176,000 | 130,000 | 123,000 | 107,000 | 170,000 | 127,000 | |||||
payments of tax receivable agreement liability | -7,913,000 | 0 | 0 | 0 | -7,686,000 | -3,000 | 0 | 0 | -4,429,000 | 0 | 0 | 0 | -813,000 | |||||
payment of deferred financing costs | 0 | 0 | 0 | -1,263,000 | 0 | 0 | 0 | -3,569,000 | ||||||||||
contributions from non-controlling interests | 350,000 | 210,000 | ||||||||||||||||
net cash from financing activities | 4,781,000 | -1,554,000 | 10,538,000 | -11,518,000 | 159,000 | -16,112,000 | -3,166,000 | -560,000 | 620,000 | -1,602,000 | -4,781,000 | |||||||
net increase in cash and cash equivalents and restricted cash | 4,030,000 | 2,729,000 | 613,000 | 3,685,000 | -9,940,000 | 4,356,000 | 6,163,000 | -827,000 | 2,746,000 | -2,509,000 | -9,510,000 | -2,295,000 | -3,008,000 | -10,294,000 | ||||
cash and cash equivalents and restricted cash at beginning of the period | 19,963,000 | 0 | 0 | 0 | 22,876,000 | 0 | 0 | 0 | 10,438,000 | 0 | 0 | 0 | 44,427,000 | 0 | 0 | 0 | 39,263,000 | 0 |
cash and cash equivalents and restricted cash at end of the period | 23,993,000 | 2,729,000 | 613,000 | 3,685,000 | 12,936,000 | 4,356,000 | 6,163,000 | -827,000 | 13,184,000 | -2,509,000 | -9,510,000 | 7,846,000 | 14,611,000 | -2,295,000 | -3,008,000 | 17,548,000 | 32,182,000 | -10,294,000 |
asset impairment | 0 | |||||||||||||||||
loss on debt extinguishment | 0 | 0 | 0 | 3,465,000 | ||||||||||||||
accounts receivables | -688,000 | |||||||||||||||||
proceeds from long-term debt | 0 | 0 | 0 | 300,000,000 | ||||||||||||||
proceeds from equity offering, net of underwriting discounts | 0 | 0 | 0 | 114,960,000 | 0 | 0 | 12,906,000 | 166,400,000 | 181,520,000 | |||||||||
repurchase of outstanding equity / portillo's opco units | 0 | 0 | 0 | -114,960,000 | 0 | 0 | -12,906,000 | -166,400,000 | -181,520,000 | |||||||||
net cash from (used) in financing activities | 11,673,000 | |||||||||||||||||
proceeds from the sale of property and equipment | 13,000 | 0 | 0 | 0 | 48,000 | 7,000 | 26,000 | 0 | 14,000 | 0 | ||||||||
net cash from in financing activities | -350,000 | |||||||||||||||||
payment of initial public offering issuance costs | 0 | 0 | 0 | -771,000 | ||||||||||||||
net cash provided (used) in financing activities | 10,608,000 | |||||||||||||||||
inventory | 457,000 | -245,000 | 223,000 | -2,315,000 | 75,000 | -1,234,000 | 2,128,000 | -1,453,000 | -295,000 | -492,000 | 931,000 | -1,679,000 | ||||||
payments of short-term debt | ||||||||||||||||||
deferred income tax benefit | -1,137,000 | |||||||||||||||||
deferred rent and tenant allowance | 1,176,000 | 859,000 | 1,253,000 | 1,021,000 | ||||||||||||||
deferred income tax provision | ||||||||||||||||||
amortization of deferred lease incentives | -123,000 | -61,000 | -105,000 | -99,000 | ||||||||||||||
purchase of investment securities | 0 | |||||||||||||||||
payment of preferred units and preferred units liquidation | ||||||||||||||||||
payment of long-term debt prepayment penalty | ||||||||||||||||||
proceeds from issuance of common units | 0 | |||||||||||||||||
repayment of stock subscription receivable | 0 | |||||||||||||||||
net decrease in cash and cash equivalents and restricted cash | -29,816,000 | -7,081,000 | ||||||||||||||||
repayments of short-term debt | ||||||||||||||||||
proceeds from paycheck protection program loan | ||||||||||||||||||
proceeds from stock option exercise | 271,000 | |||||||||||||||||
unit-based compensation | ||||||||||||||||||
payments for in-process equity financings | ||||||||||||||||||
supplemental cash flow information | ||||||||||||||||||
interest paid | ||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||
accrued capital expenditures | ||||||||||||||||||
redeemable preferred units accretion | ||||||||||||||||||
deferred offering costs in accounts payable |