NASDAQ$CAKE

The Cheesecake Factory Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

The Cheesecake Factory reported results for the third quarter of fiscal 2022.

The Cheesecake Factory Incorporated reported total revenues of $784.0 million for the third quarter of fiscal 2022, compared to $754.5 million in the third quarter of fiscal 2021. The company reported a net loss of $2.4 million, or $0.05 per share.

  • Total revenues were $784.0 million in the third quarter of fiscal 2022 compared to $754.5 million in the third quarter of fiscal 2021.
  • Net loss and diluted net loss per share were $2.4 million and $0.05, respectively, in the third quarter of fiscal 2022.
  • Comparable restaurant sales at The Cheesecake Factory restaurants increased 1.1% year-over-year in the third quarter of fiscal 2022.
  • The Company repurchased approximately 889,000 shares of its common stock at a cost of $26.7 million in the third quarter of fiscal 2022.

Headline financials

Total Revenue

$784M

Previous: $754M+3.9%
EPS (adj)

-$0.03

Previous: $0.65-104.6%
Cheesecake Factory Comp Sales

1.1%

Previous: 41.1%-97.3%
North Italia Comp Sales

10.0%

No prior period
Capital Expenditures

-$78.1M

Previous: -$49.2M-58.8%
Free Cash Flow

-$80.5M

Previous: -$16.5M-388.2%
Net Income

-$2.4M

Previous: $32.7M-107.3%
Operating Income

-$2.21M

Previous: $31.4M-107.0%
Gross Profit

$586M

Previous: $585M+0.2%
Cash & Equivalents

$133M

Previous: $131M+1.6%
Total Assets

$2.73B

Previous: $2.72B+0.6%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

The Cheesecake Factory · Revenue · Quarterly

$784M

Q3 2022+3.9%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

The Cheesecake Factory · $877M total across 4 segments · Q4 2023

  • The Cheesecake Factory
    $658M-2.4%
  • Other
    $80.4M-6.8%
  • Other FRC
    $70.9M+6.6%
  • North Italia
    $67.2M+2.6%

Forward guidance

The company expects to open as many as 13 new restaurants in fiscal 2022, including as many as three Cheesecake Factory restaurants, four North Italia restaurants, and as many as six FRC restaurants, including three Flower Child locations.

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 Q3 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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