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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
CURRENT ASSETS:    
Cash and cash equivalents and restricted cash $ 16,621 $ 22,876
Accounts and tenant improvement receivables 17,669 14,794
Inventories 10,098 7,915
Prepaid expenses 5,905 7,066
Total current assets 50,293 52,651
Property and equipment, net 384,883 358,975
Operating lease assets 243,220 222,390
Goodwill 394,298 394,298
Trade names 223,925 223,925
Other intangible assets, net 24,745 26,098
Equity method investment 15,538 16,056
Deferred tax assets 209,051 197,409
Other assets 7,777 8,284
Total other assets 875,334 866,070
TOTAL ASSETS 1,553,730 1,500,086
CURRENT LIABILITIES:    
Accounts payable 43,683 45,516
Current portion of long-term debt 6,250 11,250
Current portion of Tax Receivable Agreement liability 9,177 7,686
Short-term debt 70,000 25,000
Deferred revenue 4,970 7,032
Short-term operating lease liabilities 6,458 6,013
Accrued expenses 30,730 33,072
Total current liabilities 171,268 135,569
LONG-TERM LIABILITIES:    
Long-term debt, net of current portion 240,758 275,422
Tax Receivable Agreement liability 343,717 316,893
Long-term operating lease liabilities 306,692 278,540
Other long-term liabilities 3,498 3,559
Total long-term liabilities 894,665 874,414
Total liabilities 1,065,933 1,009,983
COMMITMENTS AND CONTINGENCIES (NOTE 13)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized, none issued or outstanding 0 0
Additional paid-in-capital 403,068 357,295
Retained earnings 55,146 43,129
Total stockholders' equity attributable to Portillo's Inc. 458,933 401,061
Non-controlling interest 28,864 89,042
Total stockholders' equity 487,797 490,103
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,553,730 1,500,086
Class A Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock 719 637
Class B Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock $ 0 $ 0