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Sep 27, 2022
The Cheesecake Factory Q3 2022 Earnings Report
The Cheesecake Factory reported results for the third quarter of fiscal 2022.
Key Takeaways
The Cheesecake Factory Incorporated reported total revenues of $784.0 million for the third quarter of fiscal 2022, compared to $754.5 million in the third quarter of fiscal 2021. The company reported a net loss of $2.4 million, or $0.05 per share.
Total revenues were $784.0 million in the third quarter of fiscal 2022 compared to $754.5 million in the third quarter of fiscal 2021.
Net loss and diluted net loss per share were $2.4 million and $0.05, respectively, in the third quarter of fiscal 2022.
Comparable restaurant sales at The Cheesecake Factory restaurants increased 1.1% year-over-year in the third quarter of fiscal 2022.
The Company repurchased approximately 889,000 shares of its common stock at a cost of $26.7 million in the third quarter of fiscal 2022.
Forward Guidance
The company expects to open as many as 13 new restaurants in fiscal 2022, including as many as three Cheesecake Factory restaurants, four North Italia restaurants, and as many as six FRC restaurants, including three Flower Child locations.
Historical Earnings Impact
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