Latest news with #DavidOverton
Yahoo
31-07-2025
- Business
- Yahoo
Cheesecake Factory reports 1.2% same-store sales increase in 2Q
You can find original article here Nrn. Subscribe to our free daily Nrn newsletter. The Cheesecake Factory Inc. plans to open 25 new restaurants this year, and it reported a 1.2% same-store sales increase in the second quarter ended July 1, the company reported Tuesday. The Calabasas Hills, Calif.-based casual-dining company expects to open six Flower Child fast-casual restaurants in the year, along with four Cheesecake Factory restaurants, six North Italia locations, and nine restaurants from its Fox Restaurant Concepts stable, which includes such brands as Blanco Cocina + Cantina and Culinary Dropout. For the second quarter ended July 1, The Cheesecake Factory reported revenues of $955.8 million, up from $904.0 million in the second quarter of fiscal 2024. Second-quarter net income was $54.8 million, and diluted net income per share was $1.14. 'We delivered another quarter of strong results, with record-high revenue, continued margin expansion, and profitability that exceeded our guidance,' David Overton, The Cheesecake Factory's chairman and CEO, said in a statement. "The Cheesecake Factory restaurants led our performance, with comparable sales finishing above our expectations, reflecting healthy consumer demand for the delicious, memorable dining experiences we provide.' The Cheesecake Factory opened eight new units in the second quarter, bringing the total restaurant openings to 16 for the first half of the year. Those included two Cheesecake Factory restaurants, one North Italia, three Flower Childs, and two FRC restaurants. The Cheesecake Factory owns and operates 363 restaurants throughout the United States and Canada. Another 34 Cheesecake Factory restaurants operate internationally under licensing agreements. Contact Ron Ruggless at Follow him on X/Twitter: @RonRuggless Sign in to access your portfolio
Yahoo
30-07-2025
- Business
- Yahoo
Cheesecake Factory celebrates National Cheesecake Day with new flavor, half-off deal
National Cheesecake Day is Wednesday, July 30 and the Cheesecake Factory is celebrating with a new flavor and a sweet deal for customers. The restaurant chain revealed to USA TODAY last month it had launched a new flavor in honor of the holiday. The flavor, called Peach Perfect with Raspberry Drizzle, features a peach cheesecake with peaches, on a vanilla crust and finished with raspberry sauce, the company told USA TODAY. In addition, the chain is offering an "Any Slice, Half Price" deal on July 30. The offer is only valid on that one day for Cheesecake Rewards members dining in. The final part of the promotion features a charitable element. The company told USA TODAY that for each slice of Peach Perfect with Raspberry Drizzle sold through July 29, 2026, it will donate 25 cents to Feeding America. The restaurant chain says it has donated nearly $7 million to Feeding America in the past through its featured cheesecake sales. Origins of National Cheesecake Day, Cheesecake Factory According to the Old Farmer's Almanac, National Cheesecake Day was established in 1985. The dessert itself, however, has roots dating back to ancient Greece. In 1972, Evelyn and Oscar Overton moved to Los Angeles and opened the Cheesecake Factory Bakery. They soon began selling Evelyn's cheesecakes to restaurants throughout Los Angeles, according to the restaurant chain's website. Six years later, their son, David, decided to open a restaurant in Beverly Hills to showcase his mother's cheesecakes. That restaurant became the first Cheesecake Factory location. More food deals: $2 pizza at Pizza Hut? How to get your slice of the Tuesday deal Cheesecake Factory offers a variety of flavors The Cheesecake Factory says it has more than 30 varieties of cheesecake on its menu, including a Fresh Strawberry flavor that the company says has been its most popular flavor for over 45 years. Other flavors available include an Ultimate Red Velvet Cake Cheesecake, Coconut Cream Pie Cheesecake, and a Godiva Chocolate Cheesecake, among others. These, of course, are all a part of the "Any Slice, Half Price" deal. Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at Gdhauari@ This article originally appeared on USA TODAY: National Cheesecake Day: Cheesecake Factory announces deal, new flavor
Business Wire
29-07-2025
- Business
- Business Wire
The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2025
BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the second quarter of fiscal 2025, which ended on July 1, 2025. Total revenues were $955.8 million in the second quarter of fiscal 2025 compared to $904.0 million in the second quarter of fiscal 2024. Net income and diluted net income per share were $54.8 million and $1.14, respectively, in the second quarter of fiscal 2025. The Company recorded a pre-tax net expense of $1.2 million related to Fox Restaurant Concepts ('FRC') acquisition-related items, and impairment of assets and lease termination expenses. Excluding the after-tax impact of these items, adjusted net income and adjusted diluted net income per share for the second quarter of fiscal 2025 were $55.7 million and $1.16, respectively. Please see the Company's reconciliation of non-GAAP financial measures at the end of this press release. Comparable restaurant sales at The Cheesecake Factory restaurants increased 1.2% year-over-year in the second quarter of fiscal 2025. 'We delivered another quarter of strong results, with record-high revenue, continued margin expansion, and profitability that exceeded our guidance,' said David Overton, Chairman and Chief Executive Officer. "The Cheesecake Factory restaurants led our performance, with comparable sales finishing above our expectations, reflecting healthy consumer demand for the delicious, memorable dining experiences we provide. Our restaurant teams executed exceptionally well, delivering year-over-year improvements in labor productivity, food efficiency, wage management, hourly staff and manager retention and guest satisfaction scores, driving solid earnings growth.' Overton continued, 'We opened eight new restaurants across various concepts and markets during the second quarter to strong consumer reception and encouraging early sales trends, reinforcing the broad appeal of our high-quality, experiential concepts. Our development pipeline remains on track, and with 16 openings through the first half of 2025, we're pleased with the progress we've made on new unit growth so far this year. Looking ahead, we remain focused on carrying the momentum, operational discipline, and strong execution from the first half of the year into the back half of 2025, to continue driving the consistent performance that has long defined The Cheesecake Factory.' Development During the second quarter of fiscal 2025, the Company opened eight new restaurants, including two Cheesecake Factory's, one North Italia, three Flower Child's and two FRC restaurants. Subsequent to quarter-end, the Company opened one FRC restaurant, and one Cheesecake Factory restaurant opened internationally under a licensing agreement in Puebla City, Mexico. The Company continues to expect to open as many as 25 new restaurants in fiscal 2025, including as many as four The Cheesecake Factory restaurants, six North Italia locations, six Flower Child locations and nine FRC restaurants. Liquidity and Capital Allocation As of July 1, 2025, the Company had total available liquidity of $515.3 million, including a cash balance of $148.8 million and $366.5 million of availability on its revolving credit facility with no outstanding balance. Total principal amount of debt outstanding was $644.0 million, including $69.0 million in principal amount of 0.375% convertible senior notes due 2026 and $575.0 million in principal amount of 2.00% convertible senior notes due 2030. The Company repurchased approximately 2,500 shares of its stock at a cost of $0.1 million in the second quarter of fiscal 2025. In addition, the Company's Board of Directors has declared a quarterly dividend of $0.27 per share to be paid on August 26, 2025, to shareholders of record at the close of business on August 12, 2025. Conference Call and Webcast The Company will hold a conference call to review its results for the second quarter of fiscal 2025 today at 2:00 p.m. Pacific Time. The conference call will be webcast live on the Company's website at About The Cheesecake Factory Incorporated The Cheesecake Factory Incorporated is a leader in experiential dining. We are culinary forward and relentlessly focused on hospitality. Delicious, memorable experiences created by passionate people—this defines who we are and where we are going. We currently own and operate 363 restaurants throughout the United States and Canada under brands including The Cheesecake Factory ®, North Italia ®, Flower Child ® and a collection of other FRC brands. Internationally, 34 The Cheesecake Factory ® restaurants operate under licensing agreements. Our bakery division operates two facilities that produce quality cheesecakes and other baked products for our restaurants, international licensees and third-party bakery customers. In 2025, we were named to the FORTUNE Magazine '100 Best Companies to Work For ® ' list for the twelfth consecutive year. To learn more, visit and From Fortune. ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune ® and Fortune 100 Best Companies to Work For ® are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, The Cheesecake Factory Incorporated. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as codified in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, without limitation, statements regarding the Company's operations, growth, restaurant development and other objectives. Such forward-looking statements include all other statements that are not historical facts, as well as statements that are preceded by, followed by or that include words or phrases such as 'believe,' 'plan,' 'will likely result,' 'expect,' 'intend,' 'will continue,' 'is anticipated,' 'estimate,' 'project,' 'may,' 'could,' 'would,' 'should' and similar expressions. These statements are based on current expectations and involve risks and uncertainties which may cause results to differ materially from those set forth in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that undue reliance should not be placed on such statements. These forward-looking statements may be affected by various factors including: economic, public health and political conditions that impact consumer confidence and spending, including trade policy, interest rate fluctuations, periods of heightened inflation and market instability, and armed conflicts; supply chain disruptions; demonstrations, political unrest, potential damage to or closure of the Company's restaurants and potential reputational damage to the Company or any of its brands; pandemics and related containment measures, including the potential for quarantines or restriction on in-person dining; acceptance and success of The Cheesecake Factory in international markets; acceptance and success of North Italia, Flower Child and Other Fox Restaurant Concepts restaurants; the risks of doing business abroad through Company-owned restaurants and/or licensees; foreign exchange rates, tariffs and cross border taxation; changes in unemployment rates; increases in minimum wages and benefit costs; the economic health of the Company's landlords and other tenants in retail centers in which its restaurants are located, and the Company's ability to successfully manage its lease arrangements with landlords; the economic health of suppliers, licensees, vendors and other third parties providing goods or services to the Company; the timing of new unit development and related permitting; compliance with debt covenants; strategic capital allocation decisions including with respect to share repurchases or dividends; the ability to achieve projected financial results; the resolution of uncertain tax positions with the Internal Revenue Service and the impact of tax reform legislation, including the provisions of H.R. I enacted on July 4, 2025; changes in laws impacting the Company's business; adverse weather conditions in regions in which the Company's restaurants are located; factors that are under the control of government agencies, landlords and other third parties; the risks, costs and uncertainties associated with opening new restaurants; and other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission ('SEC'). Forward-looking statements speak only as of the dates on which they are made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise, unless required to do so by law. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company's latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the SEC, which are available at The Cheesecake Factory Incorporated Selected Segment Information (unaudited; in thousands) For the 13 Weeks Ended July 1, 2025 The Cheesecake Factory restaurants North Italia Other FRC Other Total Revenues $ 683,257 $ 90,830 $ 90,178 $ 91,560 $ 955,825 Costs and expenses: Food and beverage costs 147,377 19,835 19,794 18,837 205,843 Labor expenses 231,241 33,519 33,445 35,314 333,519 Other operating costs and expenses 178,142 24,057 27,229 26,294 255,722 General and administrative expenses - - - 58,778 58,778 Depreciation and amortization expenses 16,196 3,074 3,264 4,326 26,860 Impairment of assets and lease terminations expenses 196 - 15 11 222 Acquisition-related contingent consideration, compensation and amortization expenses - - 315 697 1,012 Preopening costs 3,558 1,946 2,202 1,341 9,047 Total costs and expenses 576,710 82,431 86,264 145,598 891,003 Income/(loss) from operations $ 106,547 $ 8,399 $ 3,914 $ (54,038 ) $ 64,822 For the 13 Weeks Ended July 2, 2024 The Cheesecake Factory restaurants North Italia Other FRC Other Total Revenues $ 676,697 $ 75,514 $ 73,637 $ 78,194 $ 904,042 Costs and expenses: Food and beverage costs 151,768 17,412 16,648 15,866 201,694 Labor expenses 230,651 27,787 26,740 32,104 317,282 Other operating costs and expenses 174,345 21,074 21,368 22,310 239,097 General and administrative expenses - - - 54,384 54,384 Depreciation and amortization expenses 16,257 2,322 2,790 3,591 24,960 Impairment of assets and lease terminations (income)/expenses 267 - - (455 ) (188 ) Acquisition-related contingent consideration, compensation and amortization expenses - - 315 831 1,146 Preopening costs 2,374 1,412 2,186 1,003 6,975 Total costs and expenses 575,662 70,007 70,047 129,634 845,350 $ 101,035 $ 5,507 $ 3,590 $ (51,440 ) $ 58,692 For the 26 Weeks Ended July 1, 2025 The Cheesecake Factory restaurants North Italia Other FRC Other Total Revenues $ 1,355,991 $ 174,240 $ 177,602 $ 175,189 $ 1,883,022 Costs and expenses: Food and beverage costs 295,032 38,250 38,943 35,879 408,104 Labor expenses 464,632 65,436 65,007 69,519 664,594 Other operating costs and expenses 352,746 46,677 52,794 49,930 502,147 General and administrative expenses - - - 118,710 118,710 Depreciation and amortization expenses 32,422 5,872 6,299 8,349 52,942 Impairment of assets and lease terminations expenses 271 - 315 14 600 Acquisition-related contingent consideration, compensation and amortization expenses - - 631 1,379 2,010 Preopening costs 4,908 4,626 4,995 2,605 17,134 Total costs and expenses 1,150,011 160,861 168,984 286,385 1,766,241 $ 205,980 $ 13,379 $ 8,618 $ (111,196 ) $ 116,781 For the 26 Weeks Ended July 2, 2024 The Cheesecake Factory restaurants North Italia Other FRC Other Total Revenues $ 1,344,491 $ 146,388 $ 147,866 $ 156,520 $ 1,795,265 Costs and expenses: Food and beverage costs 305,338 34,449 33,234 31,926 404,947 Labor expenses 465,863 54,989 52,856 64,504 638,212 Other operating costs and expenses 346,826 40,566 42,138 43,108 472,638 General and administrative expenses - - - 114,750 114,750 Depreciation and amortization expenses 33,100 4,293 5,215 7,108 49,716 Impairment of assets and lease terminations expenses/(income) 2,126 - - (231 ) 1,895 Acquisition-related contingent consideration, compensation and amortization expenses - - 631 1,636 2,267 Preopening costs 4,132 3,414 3,910 1,399 12,855 Total costs and expenses 1,157,385 137,711 137,984 264,200 1,697,280 Income/(loss) from operations $ 187,106 $ 8,677 $ 9,882 $ (107,680 ) $ 97,985 Expand The Cheesecake Factory Incorporated Selected Operating, Restaurant and Balance Sheet Information (unaudited; in thousands, except statistical data) The Cheesecake Factory restaurants operating information: 13 Weeks Ended July 1, 2025 13 Weeks Ended July 2, 2024 26 Weeks Ended July 1, 2025 26 Weeks Ended July 2, 2024 Comparable restaurant sales vs. prior year 1.2 % 1.4 % 1.1 % 0.4 % Restaurants opened during period 2 1 2 1 Restaurants open at period-end 216 217 216 217 Restaurant operating weeks 2,785 2,808 5,580 5,615 North Italia operating information: Comparable restaurant sales vs. prior year (1 )% 2 % (1 )% 3 % Restaurants opened during period 1 1 4 3 Restaurants open at period-end 46 39 46 39 Restaurant operating weeks 591 499 1,151 979 Other Fox Restaurant Concepts (FRC) operating information: (1) Restaurants opened during period 2 1 4 3 Restaurants open at period-end 51 43 51 43 Restaurant operating weeks 659 549 1,285 1,079 Other operating information: (2) Restaurants opened during period 3 2 6 3 Restaurants open at period-end 49 41 49 41 Restaurant operating weeks 618 520 1,201 1,036 Number of company-owned restaurants: The Cheesecake Factory 216 North Italia 46 Other FRC 51 Other 49 Total 362 Number of international-licensed restaurants: The Cheesecake Factory 33 (1) The Other FRC segment includes all FRC brands except Flower Child. (2) The Other segment includes the Flower Child, Grand Lux Cafe and Social Monk Asian Kitchen concepts, as well as the Company's third-party bakery, international and consumer packaged goods businesses, unallocated corporate expenses and gift card costs. Selected Consolidated Balance Sheet Information July 1, 2025 December 31, 2024 Cash and cash equivalents $ 148,763 $ 84,176 Current and long-term debt, net of issuance costs (1) 628,237 452,062 (1) Includes $68.6 million net balance of 0.375% convertible senior notes due 2026 (principal amount of $69 million less $0.4 million in unamortized issuance costs) and $559.6 million net balance of 2.00% convertible senior notes due 2030 (principal amount of $575 million less $15.4 million in unamortized issuance costs). The unamortized issuance costs were recorded as a contra-liability and netted with current and long-term debt on the Condensed Consolidated Balance Sheet and are being amortized as interest expense. Expand Reconciliation of Non-GAAP Results to GAAP Results In addition to the results provided in accordance with accounting principles generally accepted in the United States of America ('GAAP') in this press release, the Company is providing non-GAAP measurements which present net income and net income per share excluding the impact of certain items. The non-GAAP measurements are intended to supplement the presentation of the Company's financial results in accordance with GAAP. These non-GAAP measures are calculated by eliminating from net income and diluted net income per share the impact of items the Company does not consider indicative of its ongoing operations. The Company uses these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. The Cheesecake Factory Incorporated Reconciliation of Non-GAAP Financial Measures (unaudited; in thousands, except per share data) 13 Weeks Ended July 1, 2025 13 Weeks Ended July 2, 2024 26 Weeks Ended July 1, 2025 26 Weeks Ended July 2, 2024 Net income (GAAP) $ 54,812 $ 52,444 $ 87,753 $ 85,635 Impairment of assets and lease termination expenses/(income) (1) 222 (188 ) 600 1,895 Acquisition-related contingent consideration, compensation and amortization expenses (2) 1,012 1,146 2,010 2,267 Loss on extinguishment of debt (3) - - 15,891 - Tax effect of adjustments (4) (321 ) (249 ) (4,811 ) (1,082 ) Adjusted net income (non-GAAP) $ 55,725 $ 53,153 $ 101,443 $ 88,715 Diluted net income per share (GAAP) $ 1.14 $ 1.08 $ 1.80 $ 1.76 Impairment of assets and lease termination expenses/(income) (1) 0.00 (0.00 ) 0.01 0.04 Acquisition-related contingent consideration, compensation and amortization expenses (2) 0.02 0.02 0.04 0.05 Loss on extinguishment of debt (3) - - 0.33 - Tax effect of adjustments (4) (0.01 ) (0.01 ) (0.10 ) (0.02 ) Adjusted diluted net income per share (non-GAAP) (5) $ 1.16 $ 1.09 $ 2.08 $ 1.82 (1) A detailed breakdown of impairment of assets and lease termination expenses/(income) recorded in the thirteen and twenty-six weeks ended July 1, 2025 and July 2, 2024 can be found in the Selected Segment Information table. (2) Represents changes in the fair value of the deferred consideration and contingent consideration and compensation liabilities related to the North Italia and FRC acquisition, as well as amortization of acquired definite-lived licensing agreements. (3) Represents premium paid and acceleration of previously unamortized deferred financing costs as a result of partial redemption of our convertible senior notes due 2026. (4) Based on the federal statutory rate and an estimated blended state tax rate, the tax effect on all adjustments assumes a 26% tax rate for the fiscal 2025 and 2024 periods. (5) Adjusted net income per share may not add due to rounding. Expand
Business Wire
01-07-2025
- Business
- Business Wire
The Cheesecake Factory Celebrates National Cheesecake Day With ‘Perfect' Addition to Its Legendary Lineup and Exclusive Offer for Rewards Members
CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory ® is celebrating its favorite holiday – National Cheesecake Day – on Wednesday, July 30 by introducing its newest flavor: – peach cheesecake swirled with peaches, on a vanilla crust, finished with raspberry sauce. For every slice of Peach Perfect with Raspberry Drizzle sold through July 29, 2026, The Cheesecake Factory will donate 25 cents to Feeding America ®, the largest hunger-relief organization in the United States, with a nationwide network of partner food banks, agencies, food pantries and meal programs helping to provide billions of meals to people facing hunger*. The Cheesecake Factory has donated more than $6.8 million to Feeding America since 2008 through the sale of its specially designated cheesecakes. Additionally, guests who sign up for Cheesecake Rewards ® by National Cheesecake Day can dine-in with their party of up to six people on Wednesday, July 30 and everyone can enjoy any slice of The Cheesecake Factory's more than 30 legendary flavors of cheesecake – including the new Peach Perfect with Raspberry Drizzle – for half price**. Cheesecake Rewards is The Cheesecake Factory's unique rewards program that is available nationwide. The program is free to join and provides members with personalized surprises throughout the year, access to online reservations and special celebrations – like this exclusive National Cheesecake Day offer on July 30. 'The Cheesecake Factory is very pleased to commemorate National Cheesecake Day this year with the introduction of our Peach Perfect with Raspberry Drizzle supporting Feeding America,' said David Overton, Founder and CEO of The Cheesecake Factory Incorporated. 'We are also happy to provide a special dine-in offer for Cheesecake Rewards members on July 30.' *Donations made on slices sold at all The Cheesecake Factory restaurants in the U.S.A., including Puerto Rico. **Offer valid July 30, 2025 for dine-in only. At least one member of party must be enrolled as a Cheesecake Rewards member by July 30, 2025. One discounted slice of cheesecake or layer cake per dine-in guest per party. Maximum of six (6) discounted slices per party. One time use only. Each guest must be present to redeem. Offer only valid at restaurants in the U.S.A., including Puerto Rico. Full terms and conditions are available at: About The Cheesecake Factory Incorporated The Cheesecake Factory is a leader in experiential dining. We are culinary forward and relentlessly focused on hospitality. Delicious, memorable experiences created by passionate people – this defines who we are and where we are going. We currently own and operate 362 restaurants throughout the United States and Canada under brands including The Cheesecake Factory ®, North Italia ®, Flower Child ® and a collection of other FRC brands. Internationally, 33 The Cheesecake Factory ® restaurants operate under licensing agreements. Our bakery division operates two facilities that produce quality cheesecakes and other baked products for our restaurants, international licensees and third-party bakery customers. In 2025, we were named to the FORTUNE Magazine "100 Best Companies to Work For ®" list for the twelfth consecutive year. To learn more, visit and From Fortune. ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune ® and Fortune 100 Best Companies to Work For ® are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, The Cheesecake Factory Incorporated.
Yahoo
02-05-2025
- Business
- Yahoo
Cheesecake Factory reports rise in revenue to $927.2m for Q1 2025
US-based casual dining chain The Cheesecake Factory has announced an increase in total revenue to $927.2m for the fiscal first quarter (Q1) of 2025, up from $891.2m in the previous year's first quarter. The company's net income reached $32.9m and diluted net income per share stood at $0.67. The brand had pre-tax net expense sof $17.3m due to costs including those related to the extinguishment of debt and the Fox Restaurant Concepts acquisition. Excluding certain expenses, adjusted net income and adjusted diluted net income per share for the first quarter stood at $45.7m and $0.93 respectively. The Cheesecake Factory also reported a modest year-on-year increase of 1% in comparable restaurant sales. Chairman and CEO David Overton stated: 'Our first quarter results reflect a strong start to the year as we delivered solid topline revenue, margins and earnings, reflecting continued positive momentum across our business. 'Sales finished towards the higher end of our expectations, led by The Cheesecake Factory restaurants, underscoring the consistent consumer demand for the high-quality, differentiated dining experiences we provide. 'And once again, execution within our restaurants was exceptional, as our operators delivered year-on-year improvements in labour productivity, food efficiency, wage management and retention across both hourly staff and managers, driving strong profit flow-through and margin expansion.' The first quarter saw the addition of eight new restaurants to the company's portfolio, including three Flower Child locations, three North Italia locations and two FRC restaurants. The company plans to launch up to 25 new eateries in 2025, with the portfolio including three to four The Cheesecake Factory outlets, six to seven North Italia and Flower Child locations each, and eight to nine FRC dining spots. In March 2025, The Cheesecake Factory executed a menu overhaul eliminating 13 items and introducing 22 new options, which encompass a variety of appetisers and mocktails. "Cheesecake Factory reports rise in revenue to $927.2m for Q1 2025" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
