Portillo's Inc. (PTLO) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.319 Hello, and thank you for standing by. Welcome to the Portillo's fourth quarter 2025 conference 00:00:05.319 -- 00:00:09.665 call and webcast. I would now like to turn the call over to Chris Brandon, Vice President 00:00:09.665 -- 00:00:12.209 of Investor Relations at Portillo's to begin. 00:00:12.209 -- 00:00:14.209 Thanks, 00:00:14.472 -- 00:00:18.618 Operator, and good morning, everyone. Welcome to the Portillo's fourth quarter and full 00:00:18.618 -- 00:00:23.865 year 2025 earnings call. With me today are Mike Miles, Chairman of the Board 00:00:23.865 -- 00:00:29.140 and Principal Executive Officer, and Michelle Hook, Chief Financial Officer. 00:00:29.140 -- 00:00:34.149 You can find our 10K earnings press release and supplemental presentation on 00:00:34.149 -- 00:00:36.149 investors.portillos.com. 00:00:37.294 -- 00:00:41.903 Any commentary made here about our future results and business conditions are forward-looking 00:00:41.903 -- 00:00:47.012 statements, which are based on management's current expectations and are not guarantees 00:00:47.012 -- 00:00:52.241 of future performance. We do not update these forward-looking statements unless required 00:00:52.241 -- 00:00:57.372 by law. Our 10-K identifies risk factors that may cause our 00:00:57.372 -- 00:01:02.157 actual results to vary materially from these forward-looking statements. 00:01:02.157 -- 00:01:06.623 Today's earnings call will make reference to non-GAAP financial measures, which are not 00:01:06.623 -- 00:01:11.509 an alternative to GAAP measures. Reconciliations of these non-GAAP measures to their 00:01:11.509 -- 00:01:17.588 most comparable GAAP counterparts are included in this morning's posted materials. 00:01:17.588 -- 00:01:22.055 Finally, after we deliver...