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Portillo's Inc. PTLO Gift card breakage

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Other financials

Income statement

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Revenue$182.6M+3.5%
Gross profit$102.4M+16.1%
Operating income$4.5M-56.7%
Net income-$402.0K-112%
EPS (diluted)-$0.01-120%

Balance sheet

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Cash & equivalents$24.0M+85.5%
Total debt$682.3M+12.4%
Total equity$471.0M+15.7%
Total assets$1.6B+7.9%

Cash flow

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Operating cash flow$17.6M+85.8%
CapEx$18.5M-3.0%
Free cash flow-$907.0K+90.5%

Valuation

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Market cap$318.48M-55.9%
Enterprise value$976.82M-25.8%
P/E20.4×-5.2×
P/S0.4×-0.6×

Profitability

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Gross margin65.2%-2.5pp
Operating margin5.1%-3.0pp
Net margin2.1%-1.8pp
FCF margin0.3%

Returns & leverage

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Return on equity3.6%-3.8pp
Debt / equity1.4×0.0×
Current ratio0.3×0.0×

Where this comes from

Reported directly by Portillo's Inc. in its filing.

Tagged under the XBRL concept ptlo:GiftCardBreakage.

The official record: Portillo's Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Portillo's Inc.'s gift card breakage?
Portillo's Inc. (PTLO) reported gift card breakage of $336K in Q1 2026.
How has Portillo's Inc.'s gift card breakage changed year-over-year?
Portillo's Inc.'s gift card breakage increased by 11.6% year-over-year, from $301K to $336K.
What is the long-term trend for Portillo's Inc.'s gift card breakage?
Over 4 years (2021 to 2025), Portillo's Inc.'s gift card breakage has grown at a 4.6% compound annual growth rate (CAGR), from $716K to $857K.
What does gift card breakage mean?
This represents the portion of gift card balances that are unlikely to be redeemed by customers and are therefore recognized as revenue. It serves as an indicator of customer engagement and the effectiveness of the company's loyalty and gift card programs. Higher breakage can signal lower customer retention or a shift in consumer behavior regarding stored-value cards.