Cheesecake Factory Q1 revenues $891.2M, adj. EPS $0.73; declares $0.27 dividend

CHEESECAKE FACTORY INC

2024-Q1 EPS reported $0.68 revenue$891,223,000

Total revenues $891.2M, up 2.9% from $866.1M in Q1 2023.
GAAP net income $33.2M ($0.68 EPS); adjusted net income $35.6M ($0.73 EPS) excluding $3.2M impairment and FRC charges.
Board declares quarterly cash dividend of $0.27 per share, payable June 4, 2024, record May 22.
Fox Restaurant Concepts acquisition-related items and asset impairments impacted GAAP results by $3.2M pre-tax.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHEESECAKE FACTORY INC reported first quarter of fiscal 2024, which ended on April 2, 2024 results: revenue $891.2 million, net income $33.2 million, EPS $0.68.

Period: first quarter of fiscal 2024, which ended on April 2, 2024
Revenue: $891.2 million
Net income: $33.2 million
EPS: $0.68
Result: reported results

Exact text from the filing

Total revenues were $891.2 million in the first quarter of fiscal 2024 compared to $866.1 million in the first quarter of fiscal 2023. Net income and diluted net income per share were $33.2 million and $0.68, respectively, in the first quarter of fiscal 2024.

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Source: SEC EDGAR

accession 0001104659-24-058691

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