Portillo's Inc. [Rocket]

In millions, except per share items	Jun-25-23	Mar-26-23	Dec-25-22	Jun-26-22	Mar-27-22	Dec-26-21	Sep-26-21	Jun-27-21
	10-Q	8-K	8-K	10-Q	10-Q	10-K	10-Q	10-Q
REVENUES, NET	169.2		150.9	150.6	134.5	138.9	138.0	140.7
REVENUES, NET growth	12.3%		8.6%	7.0%	14.6%	17.2%	15.3%
COST AND EXPENSES:
Restaurant operating expenses:
Food, beverage and packaging costs	56.2			51.8
Labor	43.2			37.9
Occupancy	8.2		7.9	7.4	7.8	7.2	7.0	7.1
Other operating expenses	18.8			15.2	15.2	15.1	15.6	13.9
Total restaurant operating expenses	126.5		91.8	112.2	106.5	103.9	103.8	97.7
General and administrative expenses	19.6		17.7	15.4	15.7	51.3	11.8	12.2
Pre-opening expenses	0.3		2.9	0.4	0.6	1.3	0.3	0.7
Depreciation and amortization	5.9		5.1	5.3	5.2	5.1	5.5	6.4
Net income attributable to equity method investment	-0.4			-0.3	-0.1	-0.1	-0.3	-0.3
Other (income) loss, net	-0.1			0.1	-0.2	0.0	-0.3	-0.4
OPERATING INCOME	17.4		6.4	17.4	6.8	-22.5	17.2	24.5
Operating margin	10.3%		4.3%	11.6%	5.1%	-16.2%	12.5%	17.4%
Interest expense	6.5			6.1	6.1	7.6	10.7	10.7
Tax Receivable Agreement liability adjustment	-0.6		-2.9	-1.8
Loss on debt extinguishment						7.3
INCOME BEFORE INCOME TAXES	11.4			13.1	0.7	-16.9		13.7
Income tax expense	1.5		-1.7	2.3	0.2	-3.5
NET INCOME	9.9			10.8	0.6	-34.6		21.9
Net income attributable to non-controlling interests	3.1		1.3	5.6	0.4	-19.4
NET INCOME ATTRIBUTABLE TO PORTILLO'S INC.	6.8			5.1	0.2	-35.6	6.5	8.2

Net income per common share attributable to Portillo's Inc.:
Basic (in usd per share)	$0.12		$44,911,414.00	$0.14	$0.01	($0.49)	$0.01	$0.16
Diluted (in usd per share)	$0.12		$48,438,054.00	$0.13		($0.49)	$0.01	$0.16

Weighted-average common shares outstanding:
Basic (in shares)	55.0			36.0	35.8	35.8	51.2	51.2
Diluted (in shares)	58.6			39.7	39.9	35.8	51.6	51.6