◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ Depreciation and amortization Adjusted EBITDA Reconciliation Pre-opening expenses Restaurant-Level Adjusted EBITDA Reconciliation September 25, 2022 Other income, net Portillo's CAUTIONARY NOTE ON FORWARD-LOOKING 市计�rt�sefication from and roboting sticefieders, Nuthin finde néarfargya fring Prace Securities Entigles Englanthe Rt. of 1999年 PSS RAP, All Staclements office Program Pro statements of historical fact are forward-looking statements. Forward-booking statements discuss our current ...

Portillo's Inc. (NASDAQ:PTLO) Q3 2022 Results Conference Call November 3, 2022 10:00 AM ET Company Participants Barbara Noverini - Investor Relations Michael Osanloo - President and Chief Executive Officer Michelle Hook - Chief Financial Officer Conference Call Participants Andy Barish - Jefferies Sharon Zackfia - William Blair David Tarantino - Baird Gregory Francfort - Guggenheim Securities Nicole Miller - Piper Sandler Chris O'Cull - Stifel John Glass - Morgan Stanley Operator Greetings, and welcome to P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 25, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-40951 PORTILLO'S INC. (Exact name of registrant as specified in its charter) Delaware 87-1104304 (State or other jurisdiction of incorpor ...

Financial Data and Key Metrics Changes - Total sales increased by 7.0% to $150.6 million in Q2 2022 compared to Q2 2021, driven by new restaurant openings and a 1.9% increase in same-restaurant sales [7][19] - Same-restaurant sales growth of 1.9% was primarily due to a 4.8% increase in average check, offset by a 5.6% decline in transactions [19] - Restaurant-level adjusted EBITDA decreased by 10.9% to $38.4 million, with margins at 25.5%, down from 30.6% in Q2 2021 [25][27] Business Line Data and Key Metrics Changes - Labor as a percentage of revenues increased to 25.2% in Q2 2022 from 24.5% in Q2 2021, driven by wage increases and new restaurant openings [23] - Cost of goods sold as a percentage of revenues rose to 34.4% in Q2 2022 from 30.0% in Q2 2021, largely due to a 15.2% average increase in commodity prices [21] Market Data and Key Metrics Changes - The company opened two new restaurants in the first half of 2022 and plans to open five more by the end of the year, maintaining a commitment to 10% new unit growth [15][16] - The brand's historical performance shows resilience across economic cycles, with a three-year geometric same-restaurant sales growth of 6.2% [20] Company Strategy and Development Direction - The company focuses on strategic price management, labor efficiency, and team member engagement to sustain profitability amid inflation and labor volatility [10][29] - Plans for new restaurant openings include locations in Florida, Texas, and Arizona, with a focus on high-visibility real estate [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of their approach, citing strong guest satisfaction scores and operational efficiencies [13][17] - The company anticipates continued challenges from commodity inflation and labor costs but remains focused on maintaining a strong value proposition for guests [11][24] Other Important Information - The company will hold its inaugural Investor Day on November 8, 2022, to share its growth story and engage with investors [5] - The company has locked in pricing on approximately 78% of its commodity basket for fiscal 2022 to mitigate risks from commodity price volatility [22] Q&A Session Summary Question: Sales trends and consumer behavior in Q2 - Management noted a positive performance in Q2 despite a tough comparison to the previous year, with a slight softening in consumer behavior observed [36][37] Question: Labor productivity and margin outlook - Management indicated that the efficiencies seen in Q2 are not expected to continue in the second half due to additional wage increases [39] Question: Value proposition and consumer ratings - Management highlighted that their overall satisfaction score is at a 24-month high, indicating strong consumer perception of value [47] Question: Development schedule and supply chain risks - Management confirmed that while there have been some delays, they are on track with their development schedule and are taking steps to mitigate risks [58] Question: Pricing strategy and consumer spending environment - Management emphasized their commitment to not discounting and maintaining a strong value proposition without compromising brand integrity [89][90]

Second Quarter Earnings Supplemental August 4, 2022 CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS & NON-GAAP MEASURES This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial position, results of operations, plans, objectives, future perf ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 26, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-40951 PORTILLO'S INC. (Exact name of registrant as specified in its charter) Delaware 87-1104304 (State or other jurisdiction of incorporation ...

allos First Quarter Earnings Supplemental May 5, 2022 = PICKU E THRU · QULINE CORDERS - DELTI CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS & NON-GAAP MEASURES This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial position, results of ...

Portillo's Inc. (NASDAQ:PTLO) Q1 2022 Results Conference Call May 5, 2022 10:00 AM ET Company Participants Barbara Noverini - Director of Investor Relations Michael Osanloo - President & Chief Executive Officer Michelle Hook - Chief Financial Officer Conference Call Participants John Glass - Morgan Stanley Nicole Miller - Piper Sandler David Tarantino - Baird Sara Senatore - Bank of America Andy Barish - Jefferies Chris O'Cull - Stifel Sharon Zackfia - William Blair Dennis Geiger - UBS Gregory Francfort - G ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 27, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 001-40951 PORTILLO'S INC. (Exact name of registrant as specified in its charter) Delaware 87-1104304 (State or other jurisdiction of incorporatio ...

Portillo's Inc. (NASDAQ:PTLO) Q4 2021 Earnings Conference Call March 10, 2022 10:00 AM ET Company Participants Fitzhugh Taylor - Managing Director of ICR, Investor Relations Michael Osanloo - President & Chief Executive Officer Michelle Hook - Chief Financial Officer Conference Call Participants David Tarantino - Baird Nicole Miller - Piper Sandler Chris O'Cull - Stifel Andy Barish - Jefferies Dennis Geiger - UBS Sharon Zackfia - William Blair Gregory Francfort - Guggenheim. Sara Senatore - Bank of America ...