Cheesecake Factory Q1 revenue $866.1M, up 9.1%; adjusted EPS $0.61

CHEESECAKE FACTORY INC

2023-Q1 EPS reported $0.56 revenue$866,114,000

Total revenues $866.1M, +9.1% YoY; comparable sales at Cheesecake Factory restaurants +5.7% YoY.
GAAP net income $28.1M ($0.56 diluted EPS); adjusted net income $30.6M ($0.61 adjusted EPS).
Quarterly cash dividend of $0.27 per share declared, payable June 6, 2023 to holders of record May 24.
Expects 20–22 new restaurants in fiscal 2023, including 5–6 Cheesecake Factory, 5–6 North Italia, up to 10 FRC.
Repurchased ~341,500 shares for $12.4M in Q1; total liquidity $355M, debt $475M.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHEESECAKE FACTORY INC reported first quarter of fiscal 2023 results: revenue $866.1 million, net income $28.1 million, EPS $0.56.

Period: first quarter of fiscal 2023
Revenue: $866.1 million
Net income: $28.1 million
EPS: $0.56
Result: reported results

Exact text from the filing

The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the first quarter of fiscal 2023, which ended on April 4, 2023. Total revenues were $866.1 million in the first quarter of fiscal 2023 compared to $793.7 million in the first quarter of fiscal 2022. Net income and diluted net income per share were $28.1 million and $0.56, respectively, in the first quarter of fiscal 2023.

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Source: SEC EDGAR

accession 0001104659-23-058468

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