secwatch.observer — SEC 8-K summary
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Issuer:     CHEESECAKE FACTORY INC (CAKE)
CIK:        0000887596
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001104659-24-026056
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887596/000110465924026056/0001104659-24-026056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887596/000110465924026056/tm246784d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-026056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer