Cheesecake Factory Inc
DUS:CF2

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Cheesecake Factory Inc Logo
Cheesecake Factory Inc
DUS:CF2
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Price: 49.2 EUR 0.47% Market Closed
Market Cap: 2.5B EUR

Cheesecake Factory Inc
Investor Relations

Cheesecake Factory Inc. began its journey in the late 1970s with an unassuming but ambitious vision. The founders, Evelyn and Oscar Overton, started by supplying cheesecakes to local businesses in Detroit before opening their own restaurant in Beverly Hills, California, in 1978. Since then, the company has grown into a dining powerhouse celebrated for its extensive and eclectic menu, which famously complements its array of indulgent desserts. The brand has established itself as a quintessential casual dining experience, thriving on the dual strategy of expansive, varied offerings and an inviting, upscale atmosphere. At the heart of its operations is a commitment to quality and variety, which enables the company to attract a diverse customer base ranging from families to dining-in professionals.

The Cheesecake Factory thrives on a multi-pronged revenue model heavily reliant on its chain of casual dining restaurants spread across the United States and international locations. It generates revenue primarily through the sale of food and beverages within its establishments. Notably, the brand capitalizes on economies of scale, enabling it to diversify its menu offerings, including over 250 items—ranging from appetizers to main courses—and a famous 30-deep cheesecake lineup. Furthermore, the company has ventured into selling its products through third-party platforms and licensing agreements. By maintaining a busy pipeline of menu innovation and leveraging its iconic identity, The Cheesecake Factory continues to carve out a lucrative niche amidst a competitive landscape in the hospitality industry.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 28, 2025
AI Summary
Q3 2025

Profitability Beat: Earnings and profit margins finished above the high end of expectations, despite a tough consumer environment.

Revenue: Q3 consolidated revenues of $907 million landed within guidance.

Comparable Sales: Cheesecake Factory same-store sales rose 0.3%, while North Italia comps fell 3% and Flower Child comps surged 7%.

Margins: Restaurant-level profit margins improved across concepts, with Cheesecake Factory margin up 60 bps to 16.3%.

Development: The company remains on track to open up to 25 new restaurants in 2025 and up to 26 in 2026.

Q4 and 2026 Outlook: Q4 revenue guidance is $940–955 million; 2026 revenue growth is targeted at 4–5%. Net income margin guidance for 2025 and 2026 is about 5%.

Consumer Trends: Recent softness driven by lower traffic; management cited macro headwinds and government shutdown impact.

Loyalty Program: Cheesecake Rewards continues to grow, with a dedicated app planned for launch in 2025.

Key Financials
Total Revenue
$907 million
Cheesecake Factory Total Sales
$651.4 million
Cheesecake Factory Comparable Sales
0.3%
Cheesecake Factory Restaurant-Level Profit Margin
16.3%
Annualized Unit Volume (Cheesecake Factory)
over $12 million
North Italia Total Sales
$83.5 million
North Italia Comparable Sales
-3%
Annualized Unit Volume (North Italia)
$7.3 million
North Italia Restaurant-Level Profit Margin (Adjusted Mature)
15.7%
Flower Child Comparable Sales
7%
Annualized Unit Volume (Flower Child)
$4.6 million
Flower Child Restaurant-Level Profit Margin (Adjusted Mature)
17.4%
Other FRC Sales
$78 million
FRC Sales per Operating Week
$115,600
Flower Child Sales
$48.1 million
Flower Child Sales per Operating Week
$88,200
External Bakery Sales
$18 million
Diluted Net Income Per Share
$0.66
Adjusted Net Income Margin
3.7%
Available Liquidity
$556.5 million
Cash Balance
$190 million
Credit Facility Availability
$366.5 million
Total Debt Outstanding
$644 million
CapEx
$37 million (Q3)
Share Repurchases
$1.2 million
Dividends Returned to Shareholders
$12.6 million
Preopening Costs
$6.6 million
Tax Rate Assumption
12%
Weighted Average Shares Outstanding
49 million
Off-Premise Sales
21% of sales
Delivery Sales
10% of sales
Earnings Call Recording
Other Earnings Calls

Management

Mr. David M. Overton
Founder, Chairman & CEO
No Bio Available
Mr. David M. Gordon
President
No Bio Available
Mr. Matthew Eliot Clark
Executive VP & CFO
No Bio Available
Ms. Scarlett A. May J.D.
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Keith T. Carango
President of The Cheesecake Factory Bakery Incorporated
No Bio Available
Ms. Ashley W. Hanscom
VP, Principal Accounting Officer & Controller
No Bio Available
Mr. Etienne Marcus
Vice President of Finance & Investor Relations
No Bio Available
Ms. Cheryl M. Slomann
Senior Vice President of Finance & Compliance
No Bio Available
Mr. Donald Evans
Chief Marketing Officer & Senior VP
No Bio Available
Ms. Dina R. Barmasse-Gray
Senior Vice President of Human Resources
No Bio Available

Contacts

Address
CALIFORNIA
CALABASAS HILLS
26901 Malibu Hills Rd
Contacts