PTLO - Portillo's Inc. (PTLO) Q1 2024 Earnings Call Transcript

2024-05-07 16:00:11 ET

Portillo's Inc. (PTLO)

Q1 2024 Results Conference Call

May 07, 2024 10:00 AM ET

Company Participants

Barbara Noverini - Director, Investor Relations

Michael Osanloo - President & Chief Executive Officer

Michelle Hook - Chief Financial Officer

Conference Call Participants

David Tarantino - Baird

Sharon Zackfia - William Blair

Dennis Geiger - UBS

Sara Senatore - Bank of America

Brian Harbour - Morgan Stanley

Andy Barish – Jefferies

Brian Mullan - Piper Sandler

Gregory Francfort - Guggenheim Securities

Presentation

Operator

Greetings and welcome to the Portillo's First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Barbara Noverini, Portillo's Head of Investor Relations. Thank you. You may begin.

Barbara Noverini

Thank you, operator. Good morning everyone and welcome to our first quarter 2024 earnings call. Our 10-Q, earnings press release and supplemental presentation are posted at investors.portillos.com.

With me on the call today is Michael Osanloo, President and Chief Executive Officer and Michelle Hook, Chief Financial Officer. Any commentary may hear 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 10-Q identifies risk factors that may cause our actual results to vary materially from these forward-looking statements.

In today's earnings call, we'll 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 open the lines for your questions....

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