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Sep 30
The Cheesecake Factory Q3 2025 Earnings Report
The Cheesecake Factory reported higher revenue and net income in Q3 2025 compared to the prior year, supported by improved labor productivity and positive comparable sales.
Key Takeaways
The Cheesecake Factory delivered strong Q3 2025 results with revenue and earnings exceeding expectations. The company saw modest comparable sales growth at its namesake brand and continued effective cost and labor management. Segment performance varied, with operating losses in non-core segments.
Revenue rose to $907.2 million from $865.5 million in Q3 2024.
GAAP net income was $31.9 million; adjusted net income was $33.2 million.
Comparable sales at The Cheesecake Factory increased 0.3%.
Two new FRC and two international Cheesecake Factory restaurants were opened during the quarter.
The Cheesecake Factory
The Cheesecake Factory
The Cheesecake Factory Revenue by Segment
The Cheesecake Factory Revenue by Geographic Location
Revenue by Segment
Cheesecake Factory Revenue
CapyFin.comNorth Italia Revenue
CapyFin.comFRC Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
Total Revenue
CapyFin.com Forward Guidance
The company expects to meet its full-year target of up to 25 new restaurant openings, leveraging scale and strong brand execution to navigate a challenging industry backdrop.
Positive Outlook
- Revenue remained within guidance range.
- Earnings and profitability exceeded high end of expectations.
- Cheesecake Factory delivered positive comparable sales.
- Operators achieved improvements in labor productivity and retention.
- New restaurant openings performing well.
Challenges Ahead
- Restaurant industry facing a softer environment.
- North Italia experienced a 3% decline in comparable sales.
- Continued operating loss in the 'Other' segment.
- Inflationary and competitive pressures noted.
- FRC segment also reported an operating loss in Q3.