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RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 29, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
As of June 29, 2025 and December 29, 2024 the related parties’ receivables balance consisted of $0.3 million, due from C&O, which is included in accounts and tenant improvement receivables in the condensed consolidated balance sheets.
Olo, Inc.

Noah Glass, a member of the Company's Board, is the founder and CEO of Olo, Inc. ("Olo"), a platform the Company uses in connection with our mobile ordering application and delivery.

The Company incurred the following Olo-related costs for the quarter and two quarters ended June 29, 2025 and June 30, 2024 (in thousands):

Quarter EndedTwo Quarters Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Food, beverage and packaging costs$497 $512 $984 $1,014 
Other operating expenses142 138 293 240 
Total Olo-related costs
$639 $650 $1,277 $1,254 

As of June 29, 2025 and December 29, 2024, $0.3 million and $0.4 million, respectively, were payable to Olo and were included in accounts payable in the condensed consolidated balance sheets.

Tax Receivable Agreement

We are party to a TRA with certain members of Portillo's OpCo that provides for the payment by us of 85% of the amount of tax benefits, if any, that Portillo's Inc. actually realizes or in some cases is deemed to realize as a result of certain transactions. During the two quarters ended June 29, 2025 and June 30, 2024, the Company made TRA payments of $7.7 million relating to tax year 2023 and $4.4 million relating to tax year 2022, respectively. We expect a payment of $9.2 million relating to tax year 2024 to be paid within the next 12 months.

(in thousands)June 29, 2025December 29, 2024
Current portion of Tax Receivable Agreement liability$9,177 $7,686 
Tax receivable agreement liability343,717 316,893 

Redemption of LLC Units

In the second quarter of 2025, certain pre-IPO Members affiliated with Berkshire Partners LLC redeemed 7,290,465 LLC units in the aggregate for newly-issued shares of Class A common stock on a one-for-one basis, in accordance with the terms of the Second Amended and Restated LLC agreement of Portillo's OpCo, dated as of October 20, 2021. Berkshire Partners LLC and its affiliates beneficially own approximately 5.2% of the Company as of June 29, 2025.

Distributions to Non-Controlling Interest Holders
Quarter EndedTwo Quarters Ended
(in thousands)June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Distributions paid to non-controlling interest holders
$— $— $1,291 $838