v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 28, 2025
Dec. 29, 2024
Dec. 31, 2023
Dec. 25, 2022
Dec. 26, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year(1)
Summary
Compensation
Table Total
for PEO1(1)
($)
Summary
Compensation
Table Total
for PEO2(1)
($)
Compensation Actually Paid to PEO1(1)(3)
Compensation Actually Paid to PEO2(1)(3)
Average
Summary
Compensation
Table Total for
Non-PEO Named
Executive
Officers
($)(2)
Average
Compensation
Actually
Paid to
Non-PEOs
Named
Executive
Officers
($)(2)(4)
Value of initial fixed $100
investment based on:
Net Income
(Loss)
($ in
thousands)
Adjusted
EBITDA
($ in
thousands)(6)
Total
Shareholder
Return
($)(5)
Peer Group Total
Shareholder
Return
($)(5)
2025$7,326,910 $1,467,689 $2,893,265 $1,085,003 $1,312,847 $694,216 $16.19 $85.41 $21,092 $97,331 
20245,871,407 — 3,640,156 — 1,240,165 647,101 30.86 100.21 35,076 104,760 
20232,047,180 — (2,495,215)— 811,553 109,240 54.74 84.48 24,818 102,282 
20221,288,848 — (27,590,871)— 600,948 (3,550,698)59.07 71.31 17,157 84,955 
202131,244,207 — 49,575,563 — 5,753,329 6,805,064 131.75 89.79 (13,416)98,497 
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote PEO1 and PEO2 refer to Michael Osanloo and Michael A. Miles, Jr, respectively. The individuals comprising the Non-PEO NEOs for each year presented are:
2025: Michelle Hook, Tony Darden, Jill Waite, and Kelly Kaiser.
2024: Michelle Hook, Jill Waite, Kelly Kaiser, Mike Ellis and Derrick Pratt. Mr. Pratt ceased to be an Executive Officer as of June 30, 2024.
2023: Michelle Hook, Derrick Pratt, Jill Waite and Susan Shelton. Ms. Shelton ceased to be an Executive Officer as of February 8, 2024.
2022: Michelle Hook, Derrick Pratt and Sherri Abruscato. Ms. Abruscato ceased to be an Executive Officer as of October 31, 2022.
2021: Sherri Abruscato and Michelle Hook.
       
Peer Group Issuers, Footnote For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of Portillo’s through the applicable fiscal year, assuming $100 was invested on October 21, 2021. For the relevant fiscal year, represents cumulative TSR of the S&P 600 Restaurants Index through the applicable fiscal year, assuming $100 was invested October 21, 2021 and dividends were reinvested.        
PEO Total Compensation Amount   $ 5,871,407 $ 2,047,180 $ 1,288,848 $ 31,244,207
PEO Actually Paid Compensation Amount   3,640,156 (2,495,215) (27,590,871) 49,575,563
Adjustment To PEO Compensation, Footnote Item 402 requires certain adjustments to be made to the Summary Compensation Table totals to determine CAP for reporting in the Pay versus Performance Table. CAP is a value calculated under Item 402, but does not necessarily represent cash and/or equity transferred to the NEO without restriction. As required by Item 402, the following table details adjustments made to Summary Compensation Table total compensation values to arrive at CAP values (Note that NEOs do not participate in a defined benefit plan so there are no adjustments for pension benefits, and similarly, there are no adjustments made for dividends).
The following table reconciles the PEO1 Summary Compensation Table total to PEO1 Compensation Actually Paid for fiscal 2025:
Year
Summary
Compensation
Table Total ($)
Grant Date
Fair Value of
Equity Awards
Granted During
Applicable Year
($)
Year-End Fair
Value of Equity
Awards Granted
During Applicable
Year ($)(7)
Change in Fair
Value as of Year-
End of Any Prior
Year Awards that
Remain Unvested
as of Year-End ($)
Fair Value
as of the
Vesting Date of
Any Equity
Awards Granted
During Applicable
Year that Vested
During Applicable
Year ($)
Change in Fair
Value as of the
Vesting Date of
Any Prior Year
Awards that
Vested During
Applicable Year
($)
Fair Value at the
End of the Prior
Year for Prior
Year Awards
Forfeited During
Applicable Year
($)
Total Equity
Value Reflected
in Compensation
Actually Paid
($)
2025$7,326,910 $(4,000,000)$— $— $— $2,352,034 $(2,785,679)$2,893,265 
20245,871,407 (4,000,000)2,785,679 (530,950)— (220,530)(265,450)3,640,156 
20232,047,180 — — (3,679,281)— (863,114)— (2,495,215)
20221,288,848 (413,746)— (20,471,998)413,746 (8,407,721)— (27,590,871)
202131,244,207 (27,666,075)27,740,157 5,601,087 9,855,643 2,800,544 — 49,575,563 
The following table reconciles the PEO2 Summary Compensation Table total to PEO1 Compensation Actually Paid for fiscal 2025:
Year
Summary
Compensation
Table Total ($)
Grant Date
Fair Value of
Equity Awards
Granted During
Applicable Year
($)
Year-End Fair
Value of Equity
Awards Granted
During Applicable
Year ($)(7)
Change in Fair
Value as of Year-
End of Any Prior
Year Awards that
Remain Unvested
as of Year-End ($)
Fair Value
as of the
Vesting Date of
Any Equity
Awards Granted
During Applicable
Year that Vested
During Applicable
Year ($)
Change in Fair
Value as of the
Vesting Date of
Any Prior Year
Awards that
Vested During
Applicable Year
($)
Fair Value at the
End of the Prior
Year for Prior
Year Awards
Forfeited During
Applicable Year
($)
Total Equity
Value Reflected
in Compensation
Actually Paid
($)
2025$1,467,689 $(1,320,000)$937,314 $— $— $— $— $1,085,003 
2024— — — — — — — — 
2023— — — — — — — — 
2022— — — — — — — — 
2021— — — — — — — — 
       
Non-PEO NEO Average Total Compensation Amount $ 1,312,847 1,240,165 811,553 600,948 5,753,329
Non-PEO NEO Average Compensation Actually Paid Amount $ 694,216 647,101 109,240 (3,550,698) 6,805,064
Adjustment to Non-PEO NEO Compensation Footnote Average non-PEO NEO Compensation Actually Paid
Year
Summary
Compensation
Table Total ($)
Grant Date
Fair Value of
Equity Awards
Granted During
Applicable Year
($)
Year-End Fair
Value of Equity
Awards Granted
During Applicable
Year ($)(7)
Change in Fair
Value as of Year-
End of Any Prior
Year Awards that
Remain Unvested
as of Year-End ($)
Fair Value
as of the
Vesting Date of
Any Equity
Awards Granted
During Applicable
Year that
Vested During
Applicable Year
($)
Change in Fair
Value as of the
Vesting Date of
Any Prior Year
Awards that
Vested During
Applicable Year
($)
Fair Value at the
End of the Prior
Year for Prior
Year Awards
Forfeited During
Applicable Year
($)
Total Equity
Value Reflected
in Compensation
Actually Paid
($)
2025$1,312,847 $(848,030)$436,971 $(177,578)$— $(29,994)$— $694,216 
20241,240,165 (595,000)353,482 (96,149)— (123,643)(131,754)647,101 
2023811,553 — — (702,931)— 618 — 109,240 
2022600,948 (138,459)— (3,355,857)107,060 (501,815)(262,575)(3,550,698)
20215,753,329 (4,814,531)5,468,876 — 397,391 — — 6,805,064 
       
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid vs. TSR (Company TSR & Peer Group TSR)
3973
¢
PEO 1 CAP
¢
PEO 2 CAP
02_PTLO_PXY_Chart_legend_K100.jpg 
PTLO TSR
02_PTLO_PXY_Chart_legend_K60.jpg 
NEO Avg CAP
02_PTLO_PXY_Chart_legend_K40.jpg 
S&P 600 Restaurants Index
       
Compensation Actually Paid vs. Net Income
Compensation Actually Paid vs. Net Income
4019
¢
PEO 1 CAP
¢
PEO 2 CAP
02_PTLO_PXY_Chart_legend_K60.jpg 
NEO Avg CAP
02_PTLO_PXY_Chart_legend_K40.jpg 
Net Income
       
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid vs. Adjusted EBITDA
4070
¢
PEO 1 CAP
¢
PEO 2 CAP
02_PTLO_PXY_Chart_legend_K60.jpg 
NEO Avg CAP
02_PTLO_PXY_Chart_legend_K40.jpg 
Adjusted EBITDA
       
Total Shareholder Return Vs Peer Group
Compensation Actually Paid vs. TSR (Company TSR & Peer Group TSR)
3973
¢
PEO 1 CAP
¢
PEO 2 CAP
02_PTLO_PXY_Chart_legend_K100.jpg 
PTLO TSR
02_PTLO_PXY_Chart_legend_K60.jpg 
NEO Avg CAP
02_PTLO_PXY_Chart_legend_K40.jpg 
S&P 600 Restaurants Index
       
Tabular List, Table
Other Key Company Measures
Restaurant Unit Growth
Revenue
Same Restaurant Sales Growth
Restaurant-level Adjusted EBITDA
       
Total Shareholder Return Amount $ 16.19 30.86 54.74 59.07 131.75
Peer Group Total Shareholder Return Amount 85.41 100.21 84.48 71.31 89.79
Net Income (Loss) $ 21,092,000 $ 35,076,000 $ 24,818,000 $ 17,157,000 $ (13,416,000)
Company Selected Measure Amount 97,331,000 104,760,000 102,282,000 84,955,000 98,497,000
Additional 402(v) Disclosure For purposes of this table, all PSUs are based on target-level achievement.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description The Company defines Adjusted EBITDA as net income (loss) before depreciation and amortization, interest expense, interest income, and income taxes, adjusted for the impact of certain non-cash and other items that we do not consider in our evaluation of ongoing core operating performance, including equity-based compensation expense, deferred lease costs, loss on disposal of assets and impairment charges, ERP and human capital management (“HCM”) implementation costs, certain non-recurring charges, costs related to the Company's strategic reset of its development and growth plans, and Tax Receivable Agreement liability adjustments.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Restaurant Unit Growth        
Measure:: 3          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 4          
Pay vs Performance Disclosure          
Name Same Restaurant Sales Growth        
Measure:: 5          
Pay vs Performance Disclosure          
Name Restaurant-level Adjusted EBITDA        
Michael Osanloo [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 7,326,910 $ 5,871,407 $ 2,047,180 $ 1,288,848 $ 31,244,207
PEO Actually Paid Compensation Amount $ 2,893,265 3,640,156 (2,495,215) (27,590,871) 49,575,563
PEO Name Michael Osanloo        
Michael A. Miles Jr, [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 1,467,689        
PEO Actually Paid Compensation Amount $ 1,085,003        
PEO Name Michael A. Miles, Jr,        
PEO | Michael Osanloo [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (4,000,000) (4,000,000) 0 (413,746) (27,666,075)
PEO | Michael Osanloo [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 2,785,679 0 0 27,740,157
PEO | Michael Osanloo [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 (530,950) (3,679,281) (20,471,998) 5,601,087
PEO | Michael Osanloo [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 413,746 9,855,643
PEO | Michael Osanloo [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,352,034 (220,530) (863,114) (8,407,721) 2,800,544
PEO | Michael Osanloo [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,785,679) (265,450) 0 0 0
PEO | Michael A. Miles Jr, [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,320,000)        
PEO | Michael A. Miles Jr, [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 937,314        
PEO | Michael A. Miles Jr, [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Michael A. Miles Jr, [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Michael A. Miles Jr, [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Michael A. Miles Jr, [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (848,030) (595,000) 0 (138,459) (4,814,531)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 436,971 353,482 0 0 5,468,876
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (177,578) (96,149) (702,931) (3,355,857) 0
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 107,060 397,391
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (29,994) (123,643) 618 (501,815) 0
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ (131,754) $ 0 $ (262,575) $ 0