XML 47 R34.htm IDEA: XBRL DOCUMENT
v3.25.2

EARNINGS PER SHARE (Tables) | 6 Months Ended
--- | ---
Jun. 29, 2025
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Earnings per Share | The computations of basic and diluted earnings per share for the quarter and two quarters ended June 29, 2025 and June 30, 2024 are as follows (in thousands):
| Quarter Ended |  | Two Quarters Ended
| June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
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 |
Shares: |  |  |  |  |  |  |
Weighted-average number of common shares outstanding-basic | 67,595 |  |  | 61,650 |  |  | 65,717 |  |  | 59,544 |
Dilutive share awards | 2,273 |  |  | 2,959 |  |  | 2,458 |  |  | 3,034 |
Weighted-average number of common shares outstanding-diluted | 69,868 |  |  | 64,609 |  |  | 68,175 |  |  | 62,578 |
Basic net income per share | $ | 0.13 |  |  | $ | 0.10 |  |  | $ | 0.18 |  |  | $ | 0.19 |
Diluted net income per share | $ | 0.12 |  |  | $ | 0.10 |  |  | $ | 0.18 |  |  | $ | 0.18 |
Schedule of Units Excluded from Calculation of Diluted Earnings per Share | The following shares were excluded from the calculation of diluted earnings per share because they would be antidilutive or subject to performance conditions which have not been satisfied by the end of the reporting period (in thousands):
| Quarter Ended |  | Two Quarters Ended
| June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
Performance Stock Options | 1,377 |  |  | 2,109 |  |  | 1,377 |  |  | 2,109 |
Performance Stock Units | 592 |  |  | 296 |  |  | 592 |  |  | — |
Restricted Stock Units | 606 |  |  | 714 |  |  | — |  |  | 159 |
Stock Options | 619 |  |  | 321 |  |  | 619 |  |  | 321 |
Total shares excluded from diluted net income per share | 3,194 |  |  | 3,440 |  |  | 2,588 |  |  | 2,589 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration