CAKE
The Cheesecake Factory Incorporated49.15
-1.10-2.2%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details menu mix offset, app launch
Q&A largely reaffirmed prepared remarks on resilient demand and menu innovation, detailing how bites and bowls lifted attachment rates and incident rates despite expected 1% FY26 mix drag at Cheesecake Factory, offset by higher ordering. Management confirmed Q2 Rewards app launch with marketing push, steady FRC integration via Cheesecake expertise, and no further 2026 closures. Weather shaved ~1% off Q1 sales per guide; consumer trends steady, no fundamental shifts. North Italia comps to stabilize as fires/cannibalization fade. No surprises—execution trumps macro noise.
Key Stats
Market Cap
2.45BP/E (TTM)
14.94Basic EPS (TTM)
3.29Dividend Yield
0.02%Recent Filings
8-K
New $400M credit facility
The Cheesecake Factory secured a $400 million revolving credit facility on March 26, 2026, maturing in 2031 with SOFR-based rates plus 1.00%-1.50% margins. It replaces the prior agreement, adds $200 million expansion potential, and supports dividends, buybacks, acquisitions. Covenants cap Net Adjusted Leverage at 4.25x. Unsecured funding bolsters flexibility.
10-K
FY2025 results
The Cheesecake Factory delivered FY2025 revenues of $3.75B, up 4.7% y/y, fueled by 25 new units while The Cheesecake Factory comps ticked up just 0.1% on 2.4% average check gains offset by 2.3% traffic drop. North Italia sales surged 15.5% yet comps fell 2% as aggressive openings diluted averages; Flower Child comped +5% amid 28% topline growth, while Other FRC grew 18%. Q4 momentum showed in operating weeks and $23M impairments on select FRC sites, but margins held steady at 5%. Cash swelled to $216M after $301M ops flow, $154M buybacks, and $52M dividends; $644M debt mixes convertibles. No annual guidance disclosed. Economic pressures could crimp discretionary spend.
8-K
Q4 results, dividend hike, buybacks
The Cheesecake Factory reported Q4 fiscal 2025 revenues of $961.6 million, up from $921.0 million, yet net income fell to $28.8 million ($0.60/share) due to $22.5 million in impairments and FRC acquisition costs. Board hiked quarterly dividend to $0.30/share, payable March 17, and added 5 million shares to repurchase program, leaving 6 million available. Signals capital return amid comp sales dip. Plans up to 26 openings in 2026.
10-Q
Q3 FY2025 results
The Cheesecake Factory posted Q3 revenues of $907.2M, up 4.8% y/y, with operating income climbing 10.6% to $37.3M on Cheesecake Factory's steady 0.6% sales gain and North Italia/Flower Child's sharp growth. Diluted EPS hit $0.66, up 8.2% y/y, reconciling cleanly to 48.6M shares. Cash swelled to $190M on $226M operating cash flow, revolver fully repaid for $367M availability, yet $629M convertible notes loom. Debt swap refi'd cheaply. North Italia thrives. Traffic softens.
8-K
Q3 revenues up 5%, comps +0.3%
The Cheesecake Factory posted Q3 revenues of $907.2M, up 5% year-over-year, with net income at $31.9M and diluted EPS of $0.66. Cheesecake Factory comps edged up 0.3% amid competition, while labor productivity improved margins. Board declared $0.27/share dividend, payable November 25. New units on track for 25 openings.
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