Portillo's Inc. (PTLO) Q1 2025 Earnings Call

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WEBVTT 00:00:00.217 -- 00:00:05.604 Hello, and thank you for standing by. Welcome to the fiscal first quarter 2025 00:00:05.604 -- 00:00:10.329 Portillo's conference call and webcast. I would now like to turn the call over to Kyle 00:00:10.329 -- 00:00:14.534 Nelson, Vice President, Investor Relations at Portillo's to begin. 00:00:14.534 -- 00:00:16.577 Please go ahead. 00:00:16.577 -- 00:00:20.301 Thank you, Operator. Good morning, everyone, and welcome to our fiscal first quarter 00:00:20.301 -- 00:00:25.368 2025 earnings call. You can find our 10-Q earnings press release and supplemental 00:00:25.368 -- 00:00:28.269 presentation on investors.portillos.com. 00:00:28.668 -- 00:00:33.073 With me on the call today is Michael Asanlu, President and Chief Executive Officer, and 00:00:33.073 -- 00:00:38.360 Michelle Hook, Chief Financial Officer. Any commentary made here about our future results 00:00:38.360 -- 00:00:42.264 and business conditions are forward-looking statements, which are based on management's 00:00:42.264 -- 00:00:46.749 current expectations and are not guarantees of future performance. 00:00:46.749 -- 00:00:50.234 We do not update these forward-looking statements unless required by law. 00:00:50.234 -- 00:00:55.039 Our 10-K identifies risk factors that may cause our actual results to vary materially 00:00:55.039 -- 00:00:59.479 from these forward-looking statements. Today's earnings call will make reference to non-GAAP 00:00:59.479 -- 00:01:03.263 financial measures, which are not an alternative to GAAP measures. 00:01:03.263 -- 00:01:07.087 Reconciliations of these non-GAAP measures to their most comparable GAAP counterparts 00:01:07.087 -- 00:01:10.110 are included in this morning's posted materials. 00:01:10.110 -- 00:01:14.774 Finally, after we deli...