|
REVENUES, NET
|
|
$479.4m
|
$455.5m
|
$535.0m
|
$587.1m
|
$679.9m
|
$710.6m
|
$732.1m
|
|
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
|
$30.0m
|
$41.3m
|
$55.4m
|
$58.0m
|
$43.7m
|
|
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
|
|
Depreciation and amortization
|
|
$24.4m
|
$24.6m
|
$23.3m
|
$20.9m
|
$24.3m
|
$27.3m
|
$29.1m
|
|
Other loss (income), net
|
|
($1.4m)
|
($1.5m)
|
($1.1m)
|
($204k)
|
($1.0m)
|
($312k)
|
$946k
|
|
Interest income
|
|
—
|
—
|
$0
|
$0
|
($212k)
|
($309k)
|
($275k)
|
|
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
|
|
INCOME BEFORE INCOME TAXES
|
|
$5.6m
|
$12.3m
|
($16.9m)
|
$19.0m
|
$28.1m
|
$41.9m
|
$24.1m
|
|
Net income attributable to equity method investment
|
|
($766k)
|
($459k)
|
($797k)
|
($1.1m)
|
($1.4m)
|
($1.2m)
|
($1.3m)
|
|
NET INCOME
|
|
$5.6m
|
$12.3m
|
($13.4m)
|
$17.2m
|
$24.8m
|
$35.1m
|
$21.1m
|
|
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
|
|
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
|
|
General and administrative expenses
|
|
$43.1m
|
$39.9m
|
$87.1m
|
$66.9m
|
$78.8m
|
$75.1m
|
$77.1m
|
|
Pre-opening expenses
|
|
$2.8m
|
$2.2m
|
$3.6m
|
$4.7m
|
$9.0m
|
$9.2m
|
$8.8m
|
|
Interest expense
|
|
$43.4m
|
$45.0m
|
$39.7m
|
$27.6m
|
$27.5m
|
$25.6m
|
$22.8m
|
|
Income tax expense
|
|
$0
|
$0
|
($3.5m)
|
$1.8m
|
$3.2m
|
$6.8m
|
$3.0m
|