Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-20574 THE CHEESECAKE FACTORY INCORPORATED (Exact name of registrant as specified in its charter) Delaware 51-0340466 (State or other jurisdiction (I.R.S. Employer ...

Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to significantly enhance customer experiences across the company [1] - Elon Musk predicts that humanoid robots could create a market worth $250 trillion by 2040, representing a major shift in the global economy driven by AI innovation [2][3] - Major firms like PwC and McKinsey acknowledge the multi-trillion-dollar potential of AI, suggesting a broad consensus on its economic impact [3] Company and Industry Analysis - A breakthrough in AI technology is seen as a catalyst for redefining work, learning, and creativity, leading to increased interest from hedge funds and top investors [4] - There is speculation about an under-owned company that possesses critical AI technology, which could be pivotal in the anticipated $250 trillion revolution [4][6] - Prominent figures in technology and investment, including Bill Gates and Warren Buffett, recognize AI as a significant technological advancement with the potential for substantial social benefits [8] Market Dynamics - The AI ecosystem is expected to reshape operations for businesses, governments, and consumers globally, indicating a shift in market dynamics [2] - The investment landscape is becoming increasingly competitive, with major players like Tesla, Nvidia, Alphabet, and Microsoft being closely watched, while a smaller company is suggested to hold greater potential [6][7]

Group 1 - The core focus of BAD BEAT Investing is on short- and medium-term investments, income generation, special situations, and momentum trades, with a proven track record of success [1] - Quad 7 Capital consists of a team of 7 analysts with diverse expertise in business, policy, economics, mathematics, game theory, and sciences, providing in-depth research and clear entry and exit targets [1] - The service offers various benefits, including learning market dynamics, executing well-researched trade ideas weekly, access to chat rooms, daily analyst upgrade/downgrade summaries, and basic options trading education [1] Group 2 - The company emphasizes teaching investors to become proficient traders through their playbook, rather than just providing trades [1] - The investment strategy has been predominantly long, with an average of 95% long and 5% short positions since May 2020 [1] - The company has a beneficial long position in the shares of CAKE, indicating a personal investment interest in the discussed equities [1]

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Flower Child continues to be the darling brand of The Cheesecake Factory Inc., which reported fourth-quarter earnings after market on Wednesday.  The 44-unit fast-casual chain continues to resonate well with guests, president David Gordon told investors. “We are enthusiastic and very pleased with the performance of Flower Child,” he said. “It continues to exceed expectations in new and existing markets, which I th ...

Group 1 - Top Wall Street analysts have revised their outlook on several prominent companies, indicating a shift in market sentiment [1] - The article suggests that investors should consider the stock CAKE, highlighting the opinions of analysts regarding its potential [1]

Core Insights - The restaurant industry is facing challenges, but the company has shown resilience with steady revenue and improved operational metrics [1][4][25] - The company achieved record annual revenue and adjusted diluted earnings per share, supported by strong operational execution and culinary innovation [4][14][25] - The company plans to open up to 26 new restaurants in 2026, reflecting confidence in its development pipeline and commitment to long-term growth [6][24] Financial Performance - Total revenues for the fourth quarter were $961.6 million, with adjusted diluted earnings per share at $1, finishing toward the higher end of expectations [14][19] - Comparable sales for The Cheesecake Factory declined by 2.2% in the fourth quarter, while North Italia saw an 8% increase in sales [10][15] - Adjusted restaurant-level profit margins for The Cheesecake Factory increased to 17.6%, with North Italia at 17.5% and Flower Child at 18.5% [12][14] Operational Highlights - The company opened seven new restaurants in the fourth quarter, contributing to a total of 25 new openings for the year, achieving approximately 7% unit growth [5][24] - Labor productivity and guest satisfaction improved, supported by high retention rates among staff [7][11] - The introduction of new menu items has resonated well with guests, enhancing the overall dining experience [8][33] Market Trends - Industry sales decelerated in the fourth quarter, with the Black Box Casual Dining Index declining by 40 basis points [10] - The company’s off-premise sales mix was 22%, indicating a stable demand for delivery and takeout options [10][76] - The company anticipates total revenues for fiscal 2026 to be approximately $3.9 billion, with inflation across commodities and labor expected to be in the low to mid-single digits [21][22] Strategic Initiatives - The company plans to launch a dedicated rewards app to enhance guest experience and engagement, expected in the second quarter [61][66] - There is a focus on menu innovation, particularly with the introduction of bites and bowls, which have shown strong attachment rates [9][33] - The company is committed to disciplined capital allocation, increasing share repurchase authorization and raising quarterly dividends [6][25]

The North Italia concept continues to show strong demand with new openings exceeding $9 million in annualized AUVs, despite temporary headwinds from sales transfer and regional fires.Strategic capital allocation remains a priority, evidenced by an increased share repurchase authorization and a raised quarterly dividend for early 2026.Operational stability was underpinned by industry-leading retention rates for both hourly staff and management, which near historical highs.The company achieved record annual r ...

Financial Performance - For the quarter ended December 2025, Cheesecake Factory reported revenue of $961.56 million, an increase of 4.4% year-over-year [1] - EPS for the quarter was $1.00, down from $1.04 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $948.89 million, resulting in a surprise of +1.34% [1] - The company delivered an EPS surprise of +2.04%, with the consensus EPS estimate being $0.98 [1] Key Metrics - Comparable restaurant sales for The Cheesecake Factory decreased by 2.2%, compared to the average estimate of -0.9% from seven analysts [4] - Comparable restaurant sales for North Italia fell by 4%, against an average estimate of -3.2% from seven analysts [4] - The number of company-owned restaurants for The Cheesecake Factory was 218, matching the average estimate [4] - The total number of company-owned restaurants was 371, slightly below the average estimate of 372 [4] Revenue Breakdown - Revenues for North Italia were reported at $88.17 million, below the average estimate of $90.2 million, but represented an 8.4% year-over-year increase [4] - Revenues for The Cheesecake Factory restaurants were $681.43 million, exceeding the average estimate of $669.8 million, with a year-over-year change of +1.8% [4] - Revenues for Other segments were $92.51 million, slightly below the average estimate of $93.47 million, reflecting an 8.6% year-over-year increase [4] - Revenues for Other FRC were $99.44 million, surpassing the average estimate of $95.67 million, with a significant year-over-year change of +16.8% [4] Stock Performance - Shares of Cheesecake Factory have returned +8.5% over the past month, while the Zacks S&P 500 composite experienced a -1.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - The company reported total revenues of $3.75 billion for the full year, reflecting a 5% year-over-year increase, with adjusted diluted EPS rising 10% to $3.77 [1][7] - The fourth quarter revenues were $961.6 million, including a $17.3 million benefit from gift card breakage, with adjusted diluted EPS at $1.00 [2][7] - The restaurant industry is facing a challenging operating environment, but the company's performance remained steady, supported by improvements in labor productivity and guest satisfaction [3][4] Financial Performance - Full-year adjusted EBITDA was $354 million, and the company returned over $206 million to shareholders through dividends and share repurchases in 2025 [1][7] - The adjusted net income margin for the fourth quarter was 5.1%, while GAAP diluted EPS was reported at $0.60 [2] - Comparable sales at The Cheesecake Factory restaurants fell 2.2%, but total restaurant sales rose 2%, with adjusted restaurant-level profit margin expanding 60 basis points to 17.6% [6][10] Growth and Development Plans - The company plans to open 25 new restaurants in 2025, representing approximately 7% unit growth, and up to 26 openings in 2026 [5][14] - Management has increased the buyback authorization and raised the quarterly dividend, returning $24 million to shareholders in the fourth quarter [15] - The company anticipates launching a dedicated Cheesecake Rewards app in Q2 2026 to enhance customer engagement [18] Brand Performance - North Italia reported fourth-quarter sales of $88.2 million, up 8% year-over-year, while Flower Child saw sales of $45.5 million, up 19% year-over-year [9] - The adjusted restaurant-level profit margin for North Italia was 17.5% for the quarter, and Flower Child's comparable sales increased by 4% [9][10] - Menu innovation, particularly with "bites and bowls," has driven guest response and improved ordering patterns [11] Industry Context - The restaurant industry experienced a deceleration in sales, with the Black Box Casual Dining Index declining by 410 basis points sequentially [9] - Despite broader industry challenges, the company's comparable sales results demonstrated relative stability [9]

分组1 - Cheesecake Factory reported quarterly earnings of $1 per share, exceeding the Zacks Consensus Estimate of $0.98 per share, but down from $1.04 per share a year ago, representing an earnings surprise of +2.04% [1] - The company achieved revenues of $961.56 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.34% and increasing from $920.96 million year-over-year [2] - Cheesecake Factory shares have increased approximately 23.9% since the beginning of the year, contrasting with the S&P 500's zero return [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $1.02 on revenues of $972.5 million, and for the current fiscal year, it is $4.00 on revenues of $3.93 billion [7] - The Zacks Industry Rank indicates that the Retail - Restaurants sector is currently in the bottom 29% of over 250 Zacks industries, suggesting potential challenges for stocks in this category [8]