$PTLO
Portillo's Inc. Stock $ptlo

$ptlo Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000187150922000038 Filed on August 04, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2021 Q4
Revenue	$151.1M	$150.6M	$138.9M
YoY Change	9.51%	7.03%
Cost Of Revenue	$53.37M	$51.77M	$45.30M
YoY Change	20.52%	22.82%
Gross Profit	$97.75M	$98.85M	$93.61M
YoY Change	4.3%	0.27%
Gross Profit Margin	64.68%	65.63%	67.39%
Selling, General & Admin	$64.84M	$60.72M	$94.86M
YoY Change	16.46%	12.96%
% of Gross Profit	66.33%	61.43%	101.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.289M	$5.309M	$5.087M
YoY Change	-4.12%	-17.31%	-17.69%
% of Gross Profit	5.41%	5.37%	5.43%
Operating Expenses	$87.46M	$81.59M	$116.0M
YoY Change	14.11%	9.65%
Operating Profit	$10.59M	$17.44M	-$22.39M
YoY Change	-38.5%	-28.71%
Interest Expense	-$6.681M	-$5.822M	-$7.424M
YoY Change	-35.7%	-44.11%
% of Operating Profit	-63.11%	-33.38%
Other Income/Expense, Net	$708.0K	$1.754M
YoY Change
Pretax Income	$4.204M	$13.10M	-$37.35M
YoY Change	-35.63%	-4.75%
Income Tax	$1.006M	$2.340M	-$3.531M
% Of Pretax Income	23.93%	17.87%
Net Earnings	$1.592M	$5.111M	-$14.41M
YoY Change	-75.62%	-37.46%
Net Earnings / Revenue	1.05%	3.39%	-10.38%
Basic Earnings Per Share	$0.04	$0.14
Diluted Earnings Per Share	$0.04	$0.13	-$402.5K
COMMON SHARES
Basic Shares Outstanding	36.22M shares	35.99M shares	35.81M shares
Diluted Shares Outstanding	42.63M shares	39.69M shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$46.72M	$49.73M	$39.26M
YoY Change	-5.36%	-8.17%
Cash & Equivalents	$46.72M	$49.73M	$39.26M
Short-Term Investments
Other Short-Term Assets	$4.170M	$5.082M	$5.836M
YoY Change	-43.99%	20.14%	100.21%
Inventory	$5.934M	$5.639M	$6.078M
Prepaid Expenses	$4.170M	$5.082M	$5.836M
Receivables	$8.110M	$8.830M	$7.840M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$64.94M	$69.28M	$59.02M
YoY Change	-3.27%	4.44%	8.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$211.7M	$193.8M	$190.8M
YoY Change	13.46%	7.13%	9.19%
Goodwill	$394.3M	$394.3M	$394.3M
YoY Change	0.0%		0.0%
Intangibles	$257.4M	$258.2M	$259.8M
YoY Change	-1.2%		-2.41%
Long-Term Investments	$16.25M	$16.08M	$16.17M
YoY Change	-0.2%	-0.62%	0.97%
Other Assets	$787.4M	$744.8M	$749.7M
YoY Change	16.53%	16392.47%	10.12%
Total Long-Term Assets	$999.1M	$938.6M	$940.6M
YoY Change	15.86%	9.43%	9.93%
TOTAL ASSETS
Total Short-Term Assets	$64.94M	$69.28M	$59.02M
Total Long-Term Assets	$999.1M	$938.6M	$940.6M
Total Assets	$1.064B	$1.008B	$999.6M
YoY Change	14.48%	9.08%	9.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$27.44M	$20.38M	$27.25M
YoY Change	27.45%	-1.26%	27.17%
Accrued Expenses	$23.26M	$25.12M	$29.47M
YoY Change	-30.52%	-29.06%	-15.38%
Deferred Revenue	$4.033M	$4.649M	$6.893M
YoY Change	2.65%		1.76%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$3.324M	$3.324M	$3.324M
YoY Change	0.0%	0.0%	0.0%
Total Short-Term Liabilities	$58.06M	$53.48M	$66.94M
YoY Change	-6.75%	-18.97%	0.88%
LONG-TERM LIABILITIES
Long-Term Debt	$315.3M	$315.4M	$315.8M
YoY Change	-32.45%	-32.41%	-32.28%
Other Long-Term Liabilities	$3.745M	$3.800M	$4.588M
YoY Change	-45.42%	-89.33%	-51.79%
Total Long-Term Liabilities	$561.9M	$510.6M	$509.2M
YoY Change	11.38%	1.66%	1.32%
TOTAL LIABILITIES
Total Short-Term Liabilities	$58.06M	$53.48M	$66.94M
Total Long-Term Liabilities	$561.9M	$510.6M	$509.2M
Total Liabilities	$619.9M	$564.1M	$576.2M
YoY Change	9.39%	-0.73%	1.27%
SHAREHOLDERS EQUITY
Retained Earnings	-$9.053M	-$10.65M	-$15.95M
YoY Change	-364.24%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$223.4M	$182.6M	$171.3M
YoY Change
Total Liabilities & Shareholders Equity	$1.064B	$1.008B	$999.6M
YoY Change	14.48%	9.08%	9.82%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2021 Q4
OPERATING ACTIVITIES
Net Income	$1.592M	$5.111M	-$14.41M
YoY Change	-75.62%	-37.46%
Depreciation, Depletion And Amortization	$5.289M	$5.309M	$5.087M
YoY Change	-4.12%	-17.31%	-17.69%
Cash From Operating Activities	$13.61M	$24.56M	$2.983M
YoY Change	92.39%	-25.16%	-85.21%
INVESTING ACTIVITIES
Capital Expenditures	-$16.07M	-$7.661M	-$8.496M
YoY Change	74.34%	-58.52%	-24.91%
Acquisitions
YoY Change
Other Investing Activities	$14.00K	$30.00K	$0.00
YoY Change		-138.96%	-100.0%
Cash From Investing Activities	-$16.06M	-$7.631M	-$8.496M
YoY Change	74.18%	-58.85%	-24.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$57.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-560.0K	620.0K	-4.781M
YoY Change	-79.18%	-147.26%	476.02%
NET CHANGE
Cash From Operating Activities	13.61M	24.56M	2.983M
Cash From Investing Activities	-16.06M	-7.631M	-8.496M
Cash From Financing Activities	-560.0K	620.0K	-4.781M
Net Change In Cash	-3.008M	17.55M	-10.29M
YoY Change	-37.79%	35.4%	-228.29%
FREE CASH FLOW
Cash From Operating Activities	$13.61M	$24.56M	$2.983M
Capital Expenditures	-$16.07M	-$7.661M	-$8.496M
Free Cash Flow	$29.68M	$32.22M	$11.48M
YoY Change	82.18%	-37.17%	-63.54%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Central Index Key EntityCentralIndexKey	0001871509
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-25
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
CY2021Q4	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.1351
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-26
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-40951
	dei	Entity Registrant Name EntityRegistrantName	PORTILLO'S INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	87-1104304
	dei	Entity Address Address Line1 EntityAddressAddressLine1	2001 Spring Road
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 400
	dei	Entity Address City Or Town EntityAddressCityOrTown	Oak Brook
	dei	Entity Address State Or Province EntityAddressStateOrProvince	IL
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	60523
	dei	City Area Code CityAreaCode	630
	dei	Local Phone Number LocalPhoneNumber	954-3773
	dei	Security12b Title Security12bTitle	Class A common stock, $0.01 par value per share
	dei	Trading Symbol TradingSymbol	PTLO
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	false
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Entity Shell Company EntityShellCompany	false
CY2022Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	36218355	shares
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	49730000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	39263000	usd
CY2022Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	8830000	usd
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7840000	usd
CY2022Q2	us-gaap	Inventory Net InventoryNet	5639000	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	6078000	usd
CY2022Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	5082000	usd
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	5836000	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	69281000	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	59017000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	193813000	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	190834000	usd
CY2022Q2	us-gaap	Goodwill Goodwill	394298000	usd
CY2021Q4	us-gaap	Goodwill Goodwill	394298000	usd
CY2022Q2	us-gaap	Indefinite Lived Trade Names IndefiniteLivedTradeNames	223925000	usd
CY2021Q4	us-gaap	Indefinite Lived Trade Names IndefiniteLivedTradeNames	223925000	usd
CY2022Q2	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	34263000	usd
CY2021Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	35832000	usd
CY2022Q2	us-gaap	Equity Method Investments EquityMethodInvestments	16083000	usd
CY2021Q4	us-gaap	Equity Method Investments EquityMethodInvestments	16170000	usd
CY2022Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	71949000	usd
CY2021Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	74455000	usd
CY2022Q2	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	4282000	usd
CY2021Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	5042000	usd
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CY2022Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	20382000	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	27249000	usd
CY2022Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	3324000	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	3324000	usd
CY2022Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	4649000	usd
CY2021Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	6893000	usd
CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	25123000	usd
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	29472000	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	53478000	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	66938000	usd
CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	315410000	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	315829000	usd
CY2022Q2	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	36511000	usd
CY2021Q4	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	32174000	usd
CY2022Q2	ptlo	Tax Receivable Agreement Liability TaxReceivableAgreementLiability	154883000	usd
CY2021Q4	ptlo	Tax Receivable Agreement Liability TaxReceivableAgreementLiability	156638000	usd
CY2022Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	3800000	usd
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	4588000	usd
CY2022Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	510604000	usd
CY2021Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	509229000	usd
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CY2021Q4	us-gaap	Liabilities Liabilities	576167000	usd
CY2022Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2021Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	182579000	usd
CY2022Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2021Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2021Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2021Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2021Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2021Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
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CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-10645000	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-15950000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	171264000	usd
CY2022Q2	us-gaap	Minority Interest MinorityInterest	261233000	usd
CY2021Q4	us-gaap	Minority Interest MinorityInterest	252142000	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	443812000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	423406000	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1007894000	usd
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CY2021Q2	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	42156000	usd
	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	98040000	usd
	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	77180000	usd
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	us-gaap	Labor And Related Expense LaborAndRelatedExpense	75219000	usd
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	us-gaap	Occupancy Net OccupancyNet	13890000	usd
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	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	30343000	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	28633000	usd
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CY2021Q2	us-gaap	Costs And Expenses CostsAndExpenses	97669000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	218736000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	185215000	usd
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	us-gaap	Pre Opening Costs PreOpeningCosts	979000	usd
	us-gaap	Pre Opening Costs PreOpeningCosts	1960000	usd
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	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	10514000	usd
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CY2021Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	295000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	398000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	359000	usd
CY2022Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-51000	usd
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	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	803000	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	17439000	usd
CY2021Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	24461000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	24253000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	35314000	usd
CY2022Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	6097000	usd
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	us-gaap	Interest Expense Debt InterestExpenseDebt	12196000	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	21441000	usd
CY2022Q2	ptlo	Tax Receivable Agreement Liability Adjustment TaxReceivableAgreementLiabilityAdjustment	1754000	usd
CY2021Q2	ptlo	Tax Receivable Agreement Liability Adjustment TaxReceivableAgreementLiabilityAdjustment	0	usd
	ptlo	Tax Receivable Agreement Liability Adjustment TaxReceivableAgreementLiabilityAdjustment	1754000	usd
	ptlo	Tax Receivable Agreement Liability Adjustment TaxReceivableAgreementLiabilityAdjustment	0	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	13096000	usd
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	13749000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	13811000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	13873000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2340000	usd
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2505000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	10756000	usd
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	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	11306000	usd
	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	13873000	usd
CY2022Q2	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	0	usd
CY2021Q2	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	5577000	usd
	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	0	usd
	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	11092000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	10756000	usd
CY2021Q2	us-gaap	Profit Loss ProfitLoss	8172000	usd
	us-gaap	Profit Loss ProfitLoss	11306000	usd
	us-gaap	Profit Loss ProfitLoss	2781000	usd
CY2022Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	5645000	usd
CY2021Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	6001000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	5111000	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	8172000	usd
	us-gaap	Net Income Loss NetIncomeLoss	5305000	usd
	us-gaap	Net Income Loss NetIncomeLoss	2781000	usd
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.14
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.16
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.13
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.16
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.13
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35991079	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	51200644	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35899125	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	51196539	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39687090	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	51568909	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39839292	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	51563292	shares
CY2021Q1	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	100000	shares
CY2021Q1	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	206086000	usd
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	135673000	usd
CY2021Q2	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	13749000	usd
CY2021Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	100000	usd
CY2021Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	168000	usd
CY2021Q2	us-gaap	Temporary Equity Accretion To Redemption Value TemporaryEquityAccretionToRedemptionValue	5577000	usd
CY2021Q2	us-gaap	Preferred Stock Accretion Of Redemption Discount PreferredStockAccretionOfRedemptionDiscount	5577000	usd
CY2021Q2	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	100000	shares
CY2021Q2	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	211663000	usd
CY2021Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	144113000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	427741000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	10756000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3864000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1451000	usd
CY2022Q2	ptlo	Noncontrolling Interest Interest Adjustment NoncontrollingInterestInterestAdjustment	0	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	443812000	usd
CY2020Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	100000	shares
CY2020Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	200571000	usd
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	140709000	usd
	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	13873000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	273000	usd
	ptlo	Common Stock Shares Subscribed But Unissued Repayment Of Subscription Receivable CommonStockSharesSubscribedButUnissuedRepaymentOfSubscriptionReceivable	250000	usd
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	100000	usd
	us-gaap	Temporary Equity Accretion To Redemption Value TemporaryEquityAccretionToRedemptionValue	11092000	usd
	us-gaap	Preferred Stock Accretion Of Redemption Discount PreferredStockAccretionOfRedemptionDiscount	11092000	usd
CY2021Q2	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	100000	shares
CY2021Q2	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	211663000	usd
CY2021Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	144113000	usd
CY2021Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	0	shares
CY2021Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	0	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	423406000	usd
	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	11306000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	7649000	usd
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1451000	usd
	ptlo	Noncontrolling Interest Interest Adjustment NoncontrollingInterestInterestAdjustment	0	usd
CY2022Q2	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	0	shares
CY2022Q2	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	0	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	443812000	usd
	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	11306000	usd
	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	13873000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	10514000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	12709000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	1243000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	1920000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-107000	usd
	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-114000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	7649000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	273000	usd
	us-gaap	Straight Line Rent StraightLineRent	-2112000	usd
	us-gaap	Straight Line Rent StraightLineRent	-2083000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2505000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	0	usd
	ptlo	Tax Receivable Agreement Liability Adjustment TaxReceivableAgreementLiabilityAdjustment	1754000	usd
	ptlo	Tax Receivable Agreement Liability Adjustment TaxReceivableAgreementLiabilityAdjustment	0	usd
	ptlo	Amortization Of Deferred Lease Incentives AmortizationOfDeferredLeaseIncentives	166000	usd
	ptlo	Amortization Of Deferred Lease Incentives AmortizationOfDeferredLeaseIncentives	189000	usd
	ptlo	Gift Card Breakage GiftCardBreakage	474000	usd
	ptlo	Gift Card Breakage GiftCardBreakage	419000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1089000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-535000	usd
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	66000	usd
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	159000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-439000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1502000	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-754000	usd
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	297000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-2908000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-532000	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-6140000	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	856000	usd
	ptlo	Increase Decrease In Deferred Lease Incentives IncreaseDecreaseInDeferredLeaseIncentives	-1251000	usd
	ptlo	Increase Decrease In Deferred Lease Incentives IncreaseDecreaseInDeferredLeaseIncentives	-690000	usd
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-76000	usd
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	142000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	25359000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	32817000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	13940000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	18468000	usd
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	usd
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	200000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	30000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	123000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-13910000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-18545000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1662000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1662000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	771000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1451000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	100000	usd
	ptlo	Repayment Of Stock Subscription Receivable RepaymentOfStockSubscriptionReceivable	0	usd
	ptlo	Repayment Of Stock Subscription Receivable RepaymentOfStockSubscriptionReceivable	250000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-982000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1312000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	10467000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	12960000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	39263000	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	41432000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	49730000	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	54392000	usd
	us-gaap	Interest Paid Net InterestPaidNet	10815000	usd
	us-gaap	Interest Paid Net InterestPaidNet	19378000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	333000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1259000	usd
	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	0	usd
	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	11092000	usd
	ptlo	Offering Costs Incurred But Not Yet Paid OfferingCostsIncurredButNotYetPaid	0	usd
	ptlo	Offering Costs Incurred But Not Yet Paid OfferingCostsIncurredButNotYetPaid	783000	usd
CY2022Q2	ptlo	Number Of Food Production Commissaries NumberOfFoodProductionCommissaries	2	food_production_commissary
CY2022Q2	us-gaap	Number Of Restaurants NumberOfRestaurants	70	restaurant
CY2021Q4	us-gaap	Number Of Restaurants NumberOfRestaurants	68	restaurant
CY2021Q4	ptlo	Number Of Non Traditional Restaurants NumberOfNonTraditionalRestaurants	3	restaurant
CY2022Q2	ptlo	Number Of Non Traditional Restaurants NumberOfNonTraditionalRestaurants	3	restaurant
CY2021Q4	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	20.00
CY2021Q4	us-gaap	Payments For Repurchase Of Redeemable Preferred Stock PaymentsForRepurchaseOfRedeemablePreferredStock	221700000	usd
CY2021Q4	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	57000000	usd
CY2021Q4	ptlo	Tax Receivable Agreement Tax Payable Percent Of Tax Savings TaxReceivableAgreementTaxPayablePercentOfTaxSavings	0.85
CY2021Q4	ptlo	Tax Receivable Agreement Tax Savings Retained Percent TaxReceivableAgreementTaxSavingsRetainedPercent	0.15
CY2022Q2	ptlo	Number Of Food Production Commissaries NumberOfFoodProductionCommissaries	2	food_production_commissary
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
	us-gaap	Fiscal Period FiscalPeriod	<div><span style="color:#d22630;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Fiscal Year </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We use a 52- or 53-week fiscal year ending on the Sunday prior to December 31. In a 52-week fiscal year, each quarterly period is comprised of 13 weeks. The additional week in a 53-week fiscal year is added to the fourth quarter. Fiscal 2022 and 2021 each consist of 52 weeks. The fiscal periods presented in this report are the quarter and two quarters ended June 26, 2022 and June 27, 2021, respectively.</span></div>
	us-gaap	Use Of Estimates UseOfEstimates	Use of EstimatesThe preparation of these condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of sales and expenses during the period. Actual results could differ from those estimates.
CY2022Q2	ptlo	Gift Card Breakage GiftCardBreakage	200000	usd
CY2022Q2	ptlo	Number Of Food Production Commissaries NumberOfFoodProductionCommissaries	2	food_production_commissary
CY2022Q2	us-gaap	Other Inventory Materials Supplies And Merchandise Under Consignment OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment	600000	usd
CY2021Q4	us-gaap	Other Inventory Materials Supplies And Merchandise Under Consignment OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment	400000	usd
CY2022Q2	ptlo	Deferred Revenue Gift Card Sales That Will Not Be Redeemed Percent DeferredRevenueGiftCardSalesThatWillNotBeRedeemedPercent	0.11
	ptlo	Gift Card Breakage GiftCardBreakage	500000	usd
CY2021Q2	ptlo	Gift Card Breakage GiftCardBreakage	200000	usd
	ptlo	Gift Card Breakage GiftCardBreakage	400000	usd
CY2022Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	830000	usd
CY2021Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	771000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	2681000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	2459000	usd
CY2022Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	4206000	usd
CY2021Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	4181000	usd
CY2022Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	116000	usd
CY2021Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	114000	usd
CY2022Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	706000	usd
CY2021Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1395000	usd
CY2022Q2	us-gaap	Other Inventory Net Of Reserves OtherInventoryNetOfReserves	611000	usd
CY2021Q4	us-gaap	Other Inventory Net Of Reserves OtherInventoryNetOfReserves	388000	usd
CY2022Q2	us-gaap	Inventory Net InventoryNet	5639000	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	6078000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	291651000	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	280064000	usd
CY2022Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	97838000	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	89230000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	193813000	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	190834000	usd
CY2022Q2	us-gaap	Depreciation Depreciation	4500000	usd
	us-gaap	Depreciation Depreciation	8900000	usd
CY2021Q2	us-gaap	Depreciation Depreciation	4200000	usd
	us-gaap	Depreciation Depreciation	8300000	usd
	us-gaap	Number Of Reporting Units NumberOfReportingUnits	1	reporting_unit
CY2022Q2	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	223925000	usd
CY2022Q2	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	223925000	usd
CY2022Q2	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	283033000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	24845000	usd
CY2022Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	258188000	usd
CY2021Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	223925000	usd
CY2021Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	223925000	usd
CY2021Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	283033000	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	23276000	usd
CY2021Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	259757000	usd
CY2022Q2	us-gaap	Adjustment For Amortization AdjustmentForAmortization	800000	usd
	us-gaap	Net Income Loss NetIncomeLoss	5305000	usd
CY2022Q2	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Issuance Of Equity By Subsidiary To Noncontrolling Interests ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIssuanceOfEquityBySubsidiaryToNoncontrollingInterests	1447000	usd
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	1600000	usd
CY2021Q2	us-gaap	Adjustment For Amortization AdjustmentForAmortization	2200000	usd
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	4400000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	1600000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	3100000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	3100000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	3000000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	2900000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	2700000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	17900000	usd
CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	315410000	usd
CY2022Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2021Q2	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
CY2022Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	5356000	usd
CY2021Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	6599000	usd
CY2022Q2	us-gaap	Long Term Debt LongTermDebt	318734000	usd
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	319153000	usd
CY2022Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	3324000	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	3324000	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	315829000	usd
CY2019Q4	us-gaap	Deferred Finance Costs Gross DeferredFinanceCostsGross	14500000	usd
CY2019Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	13300000	usd
CY2019Q4	us-gaap	Debt Related Commitment Fees And Debt Issuance Costs DebtRelatedCommitmentFeesAndDebtIssuanceCosts	1200000	usd
CY2022Q2	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	500000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	900000	usd
CY2021Q2	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	600000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1100000	usd
CY2022Q2	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	100000	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	300000	usd
CY2021Q2	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	400000	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	800000	usd
CY2022Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	6100000	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	12200000	usd
CY2021Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	10700000	usd
	us-gaap	Interest Expense Debt InterestExpenseDebt	21400000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	5111000	usd
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.13
	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Issuance Of Equity By Subsidiary To Noncontrolling Interests ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIssuanceOfEquityBySubsidiaryToNoncontrollingInterests	1447000	usd
CY2022Q2	ptlo	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Noncontrolling Interest Interest Adjustment ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestNoncontrollingInterestInterestAdjustment	722000	usd
	ptlo	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Noncontrolling Interest Interest Adjustment ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestNoncontrollingInterestInterestAdjustment	722000	usd
CY2022Q2	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet	7280000	usd
	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet	7474000	usd
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3865000	usd
CY2021Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	168000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7649000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	273000	usd
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.179
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.181
CY2022Q2	us-gaap	Profit Loss ProfitLoss	10756000	usd
CY2021Q2	us-gaap	Profit Loss ProfitLoss	8172000	usd
	us-gaap	Profit Loss ProfitLoss	11306000	usd
	us-gaap	Profit Loss ProfitLoss	2781000	usd
CY2022Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	5645000	usd
CY2021Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	6001000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	5111000	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	8172000	usd
	us-gaap	Net Income Loss NetIncomeLoss	5305000	usd
	us-gaap	Net Income Loss NetIncomeLoss	2781000	usd
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35991000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	51201000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35899000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	51197000	shares
CY2022Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3696000	shares
CY2021Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	368000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3940000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	366000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39687000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	51569000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	39839000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	51563000	shares
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.14
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.16
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
CY2021Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	319000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1812000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	319000	shares
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.16
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.13
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1822000	shares
CY2021Q4	ptlo	Tax Receivable Agreement Tax Payable Percent Of Tax Savings TaxReceivableAgreementTaxPayablePercentOfTaxSavings	0.85
CY2022Q2	ptlo	Tax Receivable Agreement Liability TaxReceivableAgreementLiability	154883000	usd
CY2021Q4	ptlo	Tax Receivable Agreement Liability TaxReceivableAgreementLiability	156638000	usd

Files In Submission

Name	View Source	Status
0001871509-22-000038-index-headers.html	Edgar Link	pending
0001871509-22-000038-index.html	Edgar Link	pending
0001871509-22-000038.txt	Edgar Link	pending
0001871509-22-000038-xbrl.zip	Edgar Link	pending
exhibit101employeestockpur.htm	Edgar Link	pending
exhibit31162622.htm	Edgar Link	pending
exhibit31262622.htm	Edgar Link	pending
exhibit31amendedandrestate.htm	Edgar Link	pending
exhibit32162622.htm	Edgar Link	pending
exhibit32amendedandrestate.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
ptlo-20220626.htm	Edgar Link	pending
ptlo-20220626.xsd	Edgar Link	pending
ptlo-20220626_cal.xml	Edgar Link	unprocessable
ptlo-20220626_def.xml	Edgar Link	unprocessable
ptlo-20220626_g1.jpg	Edgar Link	pending
ptlo-20220626_g2.jpg	Edgar Link	pending
ptlo-20220626_g3.jpg	Edgar Link	pending
ptlo-20220626_htm.xml	Edgar Link	completed
ptlo-20220626_lab.xml	Edgar Link	unprocessable
ptlo-20220626_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
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$PTLO
Portillo's Inc. Stock $ptlo

2022 Q3 Form 10-Q Financial Statement

#000187150922000038 Filed on August 04, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PTLO Portillo's Inc. Stock $ptlo

2022 Q3 Form 10-Q Financial Statement

#000187150922000038 Filed on August 04, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PTLO
Portillo's Inc. Stock $ptlo