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Dec 28, 2021
The Cheesecake Factory Q4 2021 Earnings Report
The Cheesecake Factory reported a 40% increase in consolidated revenues to a record $776.7 million for the fourth quarter of fiscal year 2021.
Key Takeaways
The Cheesecake Factory Incorporated reported a strong fourth quarter with a 40% increase in consolidated revenues, reaching a record $776.7 million. Comparable restaurant sales at The Cheesecake Factory restaurants increased 33.8% year-over-year and 7.7% relative to the fourth quarter of fiscal 2019. Adjusted net income per share for the fourth quarter was $0.49.
Consolidated revenues increased by 40% to a record $776.7 million in the fourth quarter.
Comparable restaurant sales at The Cheesecake Factory restaurants increased 33.8% year-over-year.
Adjusted net income per share for the fourth quarter was $0.49.
The company opened four new restaurants during the quarter, meeting its development objective of 14 new restaurants for fiscal 2021.
Forward Guidance
The Cheesecake Factory is well-positioned to take market share due to its best in-class operators, development pipeline, and solid comparable sales trends across its brands.
Positive Outlook
- Best in-class operators effectively managing the volatile operating environment.
- Development pipeline in place for future growth.
- Solid comparable sales trends across brands.
- Well-positioned to continue taking market share.
- Indoor dining restrictions have been lifted for nearly all of the company’s restaurants across all its concepts.
Challenges Ahead
- The rapidly evolving nature of the COVID-19 outbreak and related containment measures, including the potential for a complete shutdown of the Company’s restaurants.
- Supply chain disruptions.
- Economic, public health and political conditions that impact consumer confidence and spending, including the impact of COVID-19 and other health epidemics or pandemics on the global economy.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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