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Dec 31, 2024
The Cheesecake Factory Q4 2024 Earnings Report
The Cheesecake Factory delivered strong revenue growth and improved profitability in Q4 2024.
Key Takeaways
The Cheesecake Factory reported total revenues of $921.0 million for Q4 2024, reflecting a year-over-year increase. Net income was $41.2 million, with an adjusted net income of $51.8 million. Adjusted diluted EPS came in at $1.04. Comparable sales at The Cheesecake Factory restaurants grew by 1.7%. The company opened nine new restaurants in the quarter and plans to open up to 25 new locations in FY 2025.
Total revenue increased to $921.0 million from $877.0 million in Q4 2023.
Net income reached $41.2 million, with adjusted net income at $51.8 million.
Adjusted diluted EPS was $1.04, compared to $0.80 in Q4 2023.
Nine new restaurants were opened in Q4, with plans for up to 25 openings in FY 2025.
The Cheesecake Factory
The Cheesecake Factory
The Cheesecake Factory Revenue by Segment
Revenue by Segment
Cheesecake Factory Revenue
CapyFin.comNorth Italia Revenue
CapyFin.com Forward Guidance
The Cheesecake Factory expects to continue expanding its restaurant portfolio and maintaining solid revenue growth in 2025.
Positive Outlook
- Plans to open up to 25 new restaurants, including multiple North Italia and FRC locations.
- Continued focus on operational efficiencies to support margin expansion.
- Strong consumer demand driving comparable sales growth across all brands.
- Liquidity position of $340.7 million, supporting strategic investments.
- Dividend payout of $0.27 per share, reinforcing shareholder returns.
Challenges Ahead
- Potential impact of inflation on food and labor costs.
- Higher operating expenses related to new restaurant openings.
- Macroeconomic uncertainty affecting consumer discretionary spending.
- Competitive pressures in the casual dining segment.
- Potential risks from lease termination expenses and impairments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income