v3.25.1
RELATED PARTY TRANSACTIONS (Tables)
3 Months Ended
Mar. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The Company incurred the following Olo-related costs for the quarters ended March 30, 2025 and March 31, 2024 (in thousands):

Quarter Ended
March 30, 2025March 31, 2024
Food, beverage and packaging costs$487 $502 
Other operating expenses151 102 
Total Olo-related costs
$638 $604 
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. For the quarters ended March 30, 2025 and March 31, 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 $9.0 million relating to tax year 2024 to be paid within the next 12 months.

(in thousands)March 30, 2025December 29, 2024
Current portion of Tax Receivable Agreement liability$9,007 $7,686 
Tax receivable agreement liability307,239 316,893