NASDAQ$CAKE
The Cheesecake Factory Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
The Cheesecake Factory's first quarter performance was highlighted by comparable sales growth across its portfolio of concepts, with revenue finishing in-line with expectations and adjusted net income margin at the high end of guidance.
The Cheesecake Factory Incorporated reported total revenues of $866.1 million for the first quarter of fiscal 2023, compared to $793.7 million in the first quarter of fiscal 2022. Net income was $28.1 million, or $0.56 per share. Adjusted net income was $30.6 million, or $0.61 per share.
- Total revenues reached $866.1 million, a 9.1% increase compared to the prior year.
- Net income amounted to $28.1 million, with diluted net income per share at $0.56.
- Comparable restaurant sales at The Cheesecake Factory restaurants increased 5.7% year-over-year and 14.9% relative to fiscal 2019.
- The Company opened two new restaurants, a Doughbird and a Flower Child, during the quarter.
Headline financials
Revenue & EPS history
The Cheesecake Factory · Revenue · Quarterly
$866M
Revenue by segment
The Cheesecake Factory · $877M total across 4 segments · Q4 2023
- The Cheesecake Factory$658M-2.4%75.1%
- Other$80.4M-6.8%9.2%
- Other FRC$70.9M+6.6%8.1%
- North Italia$67.2M+2.6%7.7%
Forward guidance
The Company expects to open as many as 20 to 22 new restaurants in fiscal 2023, including as many as five to six The Cheesecake Factory restaurants, five to six North Italia restaurants, and as many as ten FRC restaurants, including three to four Flower Child locations. In addition, in fiscal 2023 the Company expects two to three The Cheesecake Factory restaurants to open internationally under licensing agreements.
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 2023
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro