Cheesecake Factory Q4 revenue up 7.7% ex-week; adj. EPS $0.80; dividend declared

CHEESECAKE FACTORY INC

2024-FY EPS reported $2.07 revenue$3,439,503,000

Total revenues $877.0M (down 1.8% reported); excluding extra week in prior year, revenue up 7.7%.
GAAP net income $12.7M ($0.26 EPS); adjusted net income $39.0M ($0.80 EPS) excluding $35.6M pre-tax impairment & FRC items.
Comparable restaurant sales at Cheesecake Factory increased 2.5% YoY; up 14.0% vs Q4 2019.
Opened 9 new restaurants in Q4; two international under license; subsequent to quarter-end opened three more.
Board declared quarterly cash dividend of $0.27 per share, payable March 19, 2024.

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 0.9

CHEESECAKE FACTORY INC reported fourth quarter of fiscal 2023 results: revenue $877.0 million, net income $12.7 million, EPS $0.26.

Period: fourth quarter of fiscal 2023
Revenue: $877.0 million
Net income: $12.7 million
EPS: $0.26
Result: reported results

Exact text from the filing

Total revenues were $877.0 million in the fourth quarter of fiscal 2023 compared to $892.8 million in the fourth quarter of fiscal 2022.

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Source: SEC EDGAR

accession 0001104659-24-026056

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