Portillo's Inc. (PTLO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and thank you for standing by. Welcome to the Portillo's first quarter 2026 conference call and webcast. I would now like to turn the call over to Chris Brannan, Vice President of Investor Relations at Portillo's to begin. Thanks, operator. Good morning, everyone, and welcome to the Portillo's first quarter 2026 earnings call. With me today are Brett Patterson, President and Chief Executive Officer, and Michelle Hook, Chief Financial Officer. You can find our 10Q earnings press release and supplemental presentation at investors.portillos.com. Any commentary made here about our future results and business conditions are forward-looking statements, which are based on management's current expectations and are not guarantees of future performance. We do not update these forward-looking statements unless required by law. Our 10Q identifies risk factors that may cause our actual results to vary materially from these forward-looking statements. Today's earnings call will make reference to non-GAAP financial measures, which are not an alternative to GAAP measures. Reconciliations of these non-GAAP measures to their most comparable GAAP counterparts are included in this morning's posted materials. Finally, after we deliver our prepared remarks, we will be happy to take questions from our covering sell-side analysts. And with that, I will turn the call over to Brett. Thanks, Chris, and good morning, everyone. I appreciate you joining my first earnings call as president and CEO of Portillo's. It's an honor to lead this special brand, and as I've observed these past few weeks, talented group of people. What drew me to this company starts with what makes it unique. At its core, Portillo's is about creating memorable experiences for our guests, supported by a strong culture...