Loading...
•
Sep 28, 2021
The Cheesecake Factory Q3 2021 Earnings Report
The Cheesecake Factory's financial performance for Q3 2021 reflected revenue growth and profitability despite challenges.
Key Takeaways
The Cheesecake Factory Incorporated reported a strong third quarter of fiscal 2021 with total revenues of $754.5 million, compared to $517.7 million in the third quarter of fiscal 2020. Net income was $32.7 million, or $0.64 per share. Comparable restaurant sales at The Cheesecake Factory restaurants increased 41.1% year-over-year and 8.3% relative to Q3 2019.
Total revenues reached $754.5 million, a significant increase from $517.7 million in the same quarter last year.
Net income stood at $32.7 million, with diluted net income per common share at $0.64.
Comparable restaurant sales at The Cheesecake Factory restaurants rose by 41.1% year-over-year.
The Company opened eight new restaurants during the third quarter and fourth quarter-to date periods, meeting its development objective to open as many as 14 new restaurants across its concepts this year.
Forward Guidance
Company is well-positioned to achieve its targeted 7% unit growth objective in fiscal 2022, driving comparable sales growth and managing through the continued volatility in the operating environment
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...