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Portillo's Inc. PTLO Pre-opening costs

Pre-opening costs at other companies

Shake Shack logo
Shake ShackSHAK
$6.87M+113%
BJ's Restaurants logo
BJ's RestaurantsBJRI
$15K-96.6%
Sweetgreen logo
SweetgreenSG
$1.11M-34.5%
CAVA Group logo
CAVA GroupCAVA
$6.16M+37.5%
Darden Restaurants logo
Darden RestaurantsDRI
$8.8M+44.3%
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG

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 us-gaap:PreOpeningCosts.

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 pre-opening costs?
Portillo's Inc. (PTLO) reported pre-opening costs of $2.55M in Q1 2026.
How has Portillo's Inc.'s pre-opening costs changed year-over-year?
Portillo's Inc.'s pre-opening costs increased by 402.0% year-over-year, from $508K to $2.55M.
What is the long-term trend for Portillo's Inc.'s pre-opening costs?
Over 4 years (2021 to 2025), Portillo's Inc.'s pre-opening costs has grown at a 25.4% compound annual growth rate (CAGR), from $3.57M to $8.8M.
What does pre-opening costs mean?
This metric tracks expenses incurred during the development and launch phase of new restaurant locations, including recruitment, training, and initial marketing. It represents the upfront investment required to expand the physical footprint and enter new markets. High levels of these costs indicate an aggressive growth strategy, while lower levels suggest a focus on stabilizing existing operations.