NASDAQ$CAKE
The Cheesecake Factory Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
The Cheesecake Factory's first quarter results for fiscal year 2021 were released.
The Cheesecake Factory Incorporated reported total revenues of $627.4 million, a net loss of $1.2 million, and an adjusted net income of $10.8 million for the first quarter of fiscal 2021. Comparable restaurant sales at The Cheesecake Factory restaurants increased 2.8% year-over-year.
- Total revenues reached $627.4 million compared to $615.1 million in the first quarter of fiscal 2020.
- Net loss available to common stockholders was $1.2 million, or $0.03 per share.
- Adjusted net income was $10.8 million, or $0.20 per share.
- Comparable restaurant sales at The Cheesecake Factory restaurants increased 2.8% year-over-year.
Headline financials
Revenue & EPS history
The Cheesecake Factory · Revenue · Quarterly
$627M
Revenue by segment
The Cheesecake Factory · $532M total across 2 segments · Q1 2021
- The Cheesecake Factory$499M+2.2%93.8%
- North Italia$32.8M+7.6%6.2%
Forward guidance
The Cheesecake Factory anticipates continued strength in off-premise sales and expects its team to differentiate it in the COVID-19 operating environment as it emerges from the pandemic.
Tailwinds
- Second quarter-to-date comparable sales at The Cheesecake Factory restaurants increased over 2019 levels.
- Comparable sales for The Cheesecake Factory restaurants increased approximately 220% year-over-year through April 27th.
- Comparable sales increased 7% relative to the same period in fiscal 2019.
- Performance demonstrates the power of The Cheesecake Factory brand.
- Operators delivered delicious, memorable experiences for guests and also exceeded expectations across key performance indicators, including operating margins.
Headwinds
- The rapidly evolving nature of the COVID-19 pandemic and related containment measures.
- Potential for a complete shutdown of the Company’s restaurants, international licensee restaurants and the Company’s bakery operations.
- Economic, public health and political conditions that impact consumer confidence and spending, including the impact of the COVID-19 pandemic and other health epidemics or pandemics on the global economy.
- Changes in laws impacting the Company’s business, including laws and regulations related to COVID-19 impacting restaurant operations and customer access to off- and on-premise dining.
- Unanticipated costs that may arise in connection with a return to normal course of business including potential negative impacts from furlough actions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.6%
Avg return
Earnings day
-1.2%
Avg return
5 days after
+1.1%
Avg return
30 days after
41%
26 / 64 earnings
Positive
+9.0%
Q1 2021
Best reaction
-9.6%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | -2.5% | +5.4% | |
| Q4 2025 | -2.5% | +0.4% | -10.8% | |
| Q3 2025 | -7.2% | -12.6% | -12.3% | |
| Q1 2025 | +1.6% | -12.7% | -1.1% | |
| Q4 2024 | +1.3% | +0.2% | -10.3% | |
| Q3 2024 | +2.9% | +7.0% | +17.2% | |
| Q2 2024 | -1.0% | +1.8% | +10.6% | |
| Q1 2024 | +1.2% | -5.1% | -4.5% | |
| Q4 2023 | -1.9% | -4.5% | -1.3% | |
| Q3 2023 | -2.3% | -2.0% | +1.0% | |
| Q2 2023 | -1.4% | -4.7% | -16.6% | |
| Q1 2023 | -4.4% | -5.4% | -1.3% | |
| Q4 2022 | -2.4% | -2.2% | -8.7% | |
| Q3 2022 | -9.6% | -5.7% | -3.2% | |
| Q2 2022 | -0.4% | +0.5% | +4.8% | |
| Q1 2022 | +2.7% | -2.4% | -14.6% | |
| Q4 2021 | -1.2% | +3.5% | -8.2% | |
| Q3 2021 | +5.7% | +9.7% | -4.7% | |
| Q2 2021 | +1.3% | -2.4% | +4.5% | |
| Q1 2021 | +9.0% | +6.8% | +1.5% | |
| Q4 2020 | +1.4% | +3.1% | +15.3% | |
| Q3 2020 | +2.3% | +6.2% | +28.1% | |
| Q2 2020 | +0.5% | -8.2% | +21.6% | |
| Q1 2020 | +5.9% | -12.1% | +3.0% | |
| Q4 2019 | -6.7% | +12.1% | +31.0% | |
| Q3 2019 | -1.9% | -1.3% | +0.0% | |
| Q2 2019 | -3.4% | -5.5% | -8.5% | |
| Q1 2019 | -3.7% | -4.5% | -11.2% | |
| Q4 2018 | -0.4% | -1.5% | +2.2% | |
| Q3 2018 | -4.1% | -2.5% | -12.3% | |
| Q2 2018 | -0.2% | -0.9% | +9.9% | |
| Q1 2018 | -3.4% | -3.0% | +0.6% | |
| Q4 2017 | -0.4% | +2.5% | +2.0% | |
| Q3 2017 | +3.6% | +3.6% | +13.4% | |
| Q2 2017 | +0.0% | +0.1% | -13.0% | |
| Q1 2017 | -5.5% | -6.7% | -6.8% | |
| Q4 2016 | -0.1% | +0.7% | +3.5% | |
| Q3 2016 | -0.9% | +1.0% | +15.2% | |
| Q2 2016 | -0.0% | +0.7% | +1.0% | |
| Q1 2016 | -3.9% | — | — | |
| Q4 2015 | -0.6% | — | — | |
| Q3 2015 | -0.4% | — | — | |
| Q2 2015 | -2.8% | — | — | |
| Q1 2015 | -1.0% | — | — | |
| Q4 2014 | +2.5% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q2 2014 | +0.9% | — | — | |
| Q1 2014 | +1.7% | — | — | |
| Q4 2013 | +0.6% | — | — | |
| Q3 2013 | +1.9% | — | — | |
| Q2 2013 | -0.3% | — | — | |
| Q1 2013 | +1.0% | — | — | |
| Q4 2012 | -0.5% | — | — | |
| Q3 2012 | +0.9% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2012 | -1.9% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q3 2011 | -1.2% | — | — | |
| Q2 2011 | -7.2% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q3 2010 | +1.4% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q1 2010 | -5.9% | — | — |
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