← Portillo's Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| REVENUES, NET | $479.4m | $455.5m | $535.0m | $587.1m | $679.9m | $710.6m | $732.1m | $748.8m | |
| Cost of Revenue | $149.1m |
$142.4m
-4.44%
|
$166.8m
+17.07%
|
$204.2m
+22.47%
|
$545.6m
+167.16%
|
$577.4m
+5.83%
|
$611.2m
+5.86%
|
$456.5m
-25.32%
|
|
| General and administrative expenses | $43.1m | $39.9m | $87.1m | $66.9m | $78.8m | $75.1m | $77.1m | $122.9m | |
| Other operating expenses | $54.5m | $50.2m | $59.3m | $65.3m | $76.6m | $83.0m | $89.6m | — | |
| Total restaurant operating expenses | $362.3m | $333.5m | $392.9m | $454.6m | $514.7m | $542.4m | $573.7m | — | |
| OPERATING INCOME | $48.9m |
$57.3m
+17.11%
|
$30.0m
-47.62%
|
$41.3m
+37.54%
|
$55.4m
+34.31%
|
$58.0m
+4.68%
|
$43.7m
-24.74%
|
$42.8m
-2.06%
|
|
| Interest expense | $43.4m | $45.0m | $39.7m | $27.6m | $27.5m | $25.6m | $22.8m | $22.6m | |
| Interest income | — | — | $0 | $0 | ($212k) | ($309k) | ($275k) | $235k | |
| Net income attributable to equity method investment | ($766k) | ($459k) | ($797k) | ($1.1m) | ($1.4m) | ($1.2m) | ($1.3m) | — | |
| INCOME BEFORE INCOME TAXES | $5.6m | $12.3m | ($16.9m) | $19.0m | $28.1m | $41.9m | $24.1m | $13.3m | |
| Income tax expense | $0 | $0 | ($3.5m) | $1.8m | $3.2m | $6.8m | $3.0m | ($437k) | |
| NET INCOME | $5.6m |
$12.3m
+120.76%
|
($13.4m)
-209.40%
|
$17.2m
+227.88%
|
$24.8m
+44.65%
|
$35.1m
+41.33%
|
$21.1m
-39.87%
|
$13.9m
-34.24%
|
|
| Net income attributable to non-controlling interests | $0 | $0 | ($19.4m) | $6.3m | $6.4m | $5.6m | $1.7m | — | |
| NET INCOME ATTRIBUTABLE TO PORTILLO'S INC. | ($12.9m) | ($8.3m) | ($15.2m) | $10.9m | $18.4m | $29.5m | $19.3m | $13.9m | |
| Basic (in dollars per share) | ($0.01) | ($0.01) | ($0.02) | ($0.03) | ($0.03) | ($0.02) | ($0.02) | — | |
| Diluted (in dollars per share) | ($0.01) | ($0.01) | ($0.02) | ($0.03) | ($0.02) | ($0.02) | ($0.02) | — | |
| Food, beverage and packaging costs | — | — | $166.8m | $204.2m | $230.9m | $241.7m | $251.7m | — | |
| Labor | $134.2m | $116.0m | $138.8m | $154.4m | $173.9m | $181.1m | $191.7m | — | |
| Occupancy | $24.5m | $24.9m | $28.1m | $30.7m | $33.4m | $36.6m | $40.6m | — | |
| Pre-opening expenses | $2.8m | $2.2m | $3.6m | $4.7m | $9.0m | $9.2m | $8.8m | — | |
| Depreciation and amortization | $24.4m | $24.6m | $23.3m | $20.9m | $24.3m | $27.3m | $29.1m | $31.1m | |
| Other loss (income), net | ($1.4m) | ($1.5m) | ($1.1m) | ($204k) | ($1.0m) | ($312k) | $946k | — | |
| Tax Receivable Agreement liability adjustment | — | $0 | $0 | ($5.3m) | ($3.3m) | ($9.1m) | ($2.9m) | — | |
| Loss on debt extinguishment | $0 | $0 | $7.3m | $0 | $3.5m | $0 | $0 | — |