Financial Data and Key Metrics Changes - The company reported total revenues of $961.6 million for Q4 2025, including $17.3 million from gift card breakage revenue, with adjusted revenues of $944.3 million, finishing within the expected range [16][17] - Adjusted diluted earnings per share increased 10% year-over-year to $3.77, with adjusted net income margin at 5.1% [17][21] - For the fiscal year, total revenues reached $3.75 billion, up 5% from the prior year, with adjusted EBITDA totaling $354 million [17][27] Business Line Data and Key Metrics Changes - Total sales at The Cheesecake Factory restaurants were $681.4 million, up 2% from the prior year, while comparable sales declined 2.2% [17][18] - North Italia reported total sales of $88.2 million, an 8% increase from the prior year, with annualized average unit volumes (AUVs) of $7.6 million [12][17] - Flower Child sales totaled $45.5 million, up 19% from the prior year, with a restaurant-level profit margin of 17.5% for the fourth quarter [14][15] Market Data and Key Metrics Changes - The Cheesecake Factory's comparable sales were down 2.2% in Q4, reflecting broader industry trends, while North Italia and Flower Child showed resilience with positive sales growth [11][13] - The off-premise sales mix accounted for 22% of total sales, indicating a slight improvement from recent quarters [12][97] Company Strategy and Development Direction - The company plans to open as many as 26 new restaurants in 2026, with a strong development pipeline in place [8][26] - Culinary innovation remains a core strength, with new menu items resonating well with guests, supporting broad appeal without relying on discounting [7][10] - The company announced an increase in share repurchase authorization and raised its quarterly dividend, reflecting a disciplined approach to capital allocation [9] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging operating environment but highlighted strong operational execution and improvements in labor productivity and guest satisfaction [5][6] - The company anticipates total revenues for Q1 2026 to be between $955 million and $970 million, factoring in weather impacts and restaurant closures [23][24] - For fiscal 2026, total revenues are expected to be approximately $3.9 billion, with inflation across commodity and labor costs anticipated to be in the low- to mid-single-digit range [25][26] Other Important Information - The company ended the quarter with total available liquidity of approximately $582.2 million, including a cash balance of $215.7 million [21] - The company recorded a pre-tax net expense of $24.6 million related to impairment of assets and lease termination expenses [20] Q&A Session Summary Question: Update on FRC structure and management changes - Management expressed satisfaction with FRC's performance and noted that a senior operations role from Cheesecake is in place to enhance operations [30][31] Question: Opportunity to invest in value marketing - Management confirmed strong reception of new menu items and plans to market value more prominently [34][35] Question: Weather impact on current quarter - Management estimated a 1% negative net impact from weather on Q1 [41] Question: Insights on menu performance - Management indicated that all new menu items have been popular, with no specific standout [43] Question: Consumer spending outlook - Management noted that the consumer sentiment appears to be stabilizing, with expectations for continued steady performance [48] Question: Mix pressure from new menu items - Management confirmed that mix pressure is primarily from new product pricing, with expectations for continued negative mix but offset by increased ordering rates [51][93] Question: Delivery mix and DoorDash partnership - Management reported that off-premise sales accounted for 22% of total sales, with 10% from delivery [97] Question: Flower Child's growth vision - Management expressed confidence in Flower Child's performance and plans for continued growth, emphasizing the need for the right leadership to support expansion [86][88]

Financial Data and Key Metrics Changes - Total revenues for Q4 2025 were $961.6 million, including $17.3 million from gift card breakage revenue, with adjusted revenues of $944.3 million finishing within expectations [16][17] - Adjusted diluted earnings per share increased 10% year-over-year to $3.77, with adjusted EBITDA totaling $354 million [17][26] - For the fiscal year, total revenues reached $3.75 billion, up 5% from the prior year [17] Business Line Data and Key Metrics Changes - The Cheesecake Factory restaurants generated $681.4 million in sales, up 2% year-over-year, with comparable sales declining 2.2% [17][18] - North Italia reported sales of $88.2 million, an 8% increase from the prior year, with comparable sales down 4% [17][18] - Flower Child sales increased 19% year-over-year to $45.5 million, with a restaurant-level profit margin of 17.5% for Q4 [14][15] Market Data and Key Metrics Changes - Comparable sales for The Cheesecake Factory were -2.2% in Q4, reflecting relative stability compared to broader industry trends [11][12] - The Black Box Casual Dining Index indicated a 410 basis point decline in industry sales during Q4 [11] - North Italia's annualized average unit volumes (AUVs) were $7.6 million, while Flower Child's AUVs were $4.3 million for Q4 [12][14] Company Strategy and Development Direction - The company plans to open as many as 26 new restaurants in 2026, with a strong development pipeline in place [8][25] - Culinary innovation remains a core strength, with new menu items resonating well with guests and supporting broad appeal without relying on discounting [7][10] - The company announced an increase in share repurchase authorization and raised its quarterly dividend, reflecting a disciplined approach to capital allocation [8][9] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging operating environment but highlighted strong operational execution and improvements in labor productivity and guest satisfaction [5][6] - The company anticipates total revenues for Q1 2026 to be between $955 million and $970 million, factoring in weather impacts and restaurant closures [22] - Management expressed confidence in the business's resilience and ability to navigate the competitive landscape, expecting continued stability in performance [47][48] Other Important Information - The company ended Q4 with total available liquidity of approximately $582.2 million, including a cash balance of $215.7 million [20] - Pre-opening costs for Q4 were $9.4 million, with plans for continued investment in unit development and maintenance [19][26] Q&A Session Summary Question: Update on FRC structure and management changes - Management expressed satisfaction with FRC's performance and noted that a senior operations role from Cheesecake was established to enhance operations [29][30] Question: Opportunity to invest in value and market positioning - Management confirmed strong reception of new menu items and plans to continue emphasizing value through marketing and menu innovation [33][35] Question: Weather impact on Q1 guidance - Management estimated a 1% negative impact from weather on Q1 guidance, with significant restaurant closures due to inclement weather [40][41] Question: Consumer spending outlook and industry trends - Management indicated that consumer sentiment remains soft but noted improved performance in Q1 compared to Q4, expecting stability to continue [46][47] Question: Details on the rewards app launch - Management plans to launch a dedicated rewards app in Q2, supported by strong marketing efforts [73][75] Question: Vision for Flower Child brand development - Management expressed enthusiasm for Flower Child's performance and emphasized the importance of having the right leadership in place for future growth [84][86]

The Cheesecake Factory (NasdaqGS:CAKE) Q4 2025 Earnings call February 18, 2026 05:00 PM ET Speaker12Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome you to The Cheesecake Factory Incorporated fourth quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a qu ...

INVESTOR PRESENTATION February 18, 2026 SAFE HARBOR STATEMENT / NON-GAAP INFORMATION Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This includes, without limitation, financial guidance and projections, including underlying assumptions, and statements with respect to expectations of the Company's futu ...

PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Etienne Marcus (818) 871-3000 investorrelations@thecheesecakefactory.com Exhibit 99.1 THE CHEESECAKE FACTORY REPORTS RESULTS FOR FOURTH QUARTER OF FISCAL 2025 CALABASAS HILLS, Calif. – February 18, 2026 – The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2025, which ended on December 30, 2025. Total revenues were $961.6 million in the fourth quarter of fiscal 2025 compared to $921.0 million in the ...

Core Viewpoint - Cheesecake Factory (CAKE) is expected to report quarterly earnings of $0.98 per share, a decline of 5.8% year-over-year, with revenues projected at $948.89 million, reflecting a 3% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 1.9% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are linked to short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Revenues- North Italia' at $90.20 million, a year-over-year increase of 10.9% [5]. - 'Revenues- The Cheesecake Factory restaurants' are forecasted to reach $669.80 million, suggesting a slight increase of 0.1% year-over-year [5]. - 'Revenues- Other' are expected to be $93.47 million, reflecting a 9.8% increase from the previous year [5]. - The consensus estimate for 'Revenues- Other FRC' stands at $95.67 million, indicating a year-over-year change of 12.4% [6]. Restaurant Metrics - The number of company-owned restaurants for North Italia is projected to reach 48, up from 42 year-over-year [6]. - The number of company-owned restaurants for The Cheesecake Factory is expected to be 218, compared to 215 in the same quarter last year [6]. - Total company-owned restaurants are estimated to reach 372, an increase from 348 year-over-year [7]. - The number of international-licensed restaurants for The Cheesecake Factory is expected to be 36, up from 34 in the same quarter last year [8]. - The estimated number of company-owned restaurants for Other is projected at 49, compared to 43 year-over-year [8]. Operational Insights - Analysts predict 'Total restaurant operating weeks' to reach 2,819, compared to 2,795 in the same quarter last year [9]. - The average prediction for 'Income/(loss) from operations- The Cheesecake Factory restaurants' is $101.10 million, down from $104.39 million in the same quarter last year [9]. Stock Performance - Over the past month, shares of Cheesecake Factory have returned -1.1%, slightly better than the Zacks S&P 500 composite's -1.4% change [10]. - Currently, CAKE holds a Zacks Rank 3 (Hold), suggesting performance may align with the overall market in the near future [10].

I’m an equity analyst and founder of Goulart’s Restaurant Stocks, a research firm focused on the U.S. restaurant industry — from quick-service and fast casual to fine dining and niche concepts. I lead all thematic research and valuation efforts, applying advanced financial modeling, sector-specific KPIs, and strategic insights to uncover hidden value across public equities. In addition to restaurants, I cover consumer discretionary, food & beverage, casinos & gaming, and IPOs, with a particular focus on mic ...

新门店开设：2026年计划加速扩张，全年拟开设26家新餐厅(约四分之三集中于下半年)，涵盖芝士蛋糕 工厂、North Italia、Flower Child等品牌。 战略推进 数字化升级：Cheesecake Rewards会员计划增长强劲，公司计划于2026年上半年推出专用App，以提升 用户参与度和数字化体验。菜单创新：将持续推广"小食"和"招牌菜"等新品，并推出季节性菜单，以驱 动客单价改善和同店销售增长。成本控制：公司通过提升员工留存率和运营效率优化成本结构，2026年 将继续聚焦劳动力生产率和供应链管理。 以上内容基于公开资料整理，不构成投资建议。 经济观察网基于起司工坊(Cheesecake Factory,NYSE:CAKE)于2025年10月30日发布的2025财年第三季度 业绩会议内容，其股票未来值得关注的事件主要围绕财务指引、业务扩张和战略举措展开。 业绩经营情况 2025财年第四季度业绩：公司预计第四季度收入在9.4亿至9.55亿美元之间，调整后净利润率目标约为 5.1%，全年净利润率目标维持4.9%不变。业绩实际数据需关注后续公告。2026财年展望：公司设定了 总收入较2025年增长4 ...

Group 1: Core Insights - The company plans to open 26 new restaurants in 2026, with approximately three-quarters expected to open in the second half of the year, covering brands such as Cheesecake Factory, North Italia, and Flower Child [2] - Total revenue for 2026 is projected to grow by 4% to 5% compared to 2025, with a target net profit margin of around 5% for the year [2] Group 2: Strategic Initiatives - The company is focusing on operational optimization through menu innovation, including the introduction of "small plates" and "signature dishes," and is developing a dedicated rewards app to enhance digital experience [3] - Cost management strategies include anticipating a commodity inflation rate of 1% to 2% for 2026, with labor inflation slightly higher than commodity inflation, while aiming to maintain stable profit margins through efficiency improvements [3]

Core Viewpoint - Cheesecake Factory (CAKE) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ending December 2025, with the consensus outlook indicating a significant factor that could influence its stock price in the near term [1][2]. Earnings Expectations - The upcoming earnings report is expected to show earnings of $0.99 per share, reflecting a year-over-year decrease of 4.8%, while revenues are projected to reach $948.89 million, representing a 3% increase from the previous year [3]. - The consensus EPS estimate has been revised 1.88% higher in the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Potential - The Zacks Earnings ESP model indicates a positive Earnings ESP of +0.10% for Cheesecake Factory, suggesting that analysts have recently become more optimistic about the company's earnings prospects [12]. - The stock currently holds a Zacks Rank of 3, which, when combined with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Cheesecake Factory exceeded the expected earnings of $0.60 per share by delivering $0.68, resulting in a surprise of +13.33% [13]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [14]. Industry Context - In comparison, Wendy's (WEN), another player in the restaurant industry, is expected to report earnings of $0.14 per share for the same quarter, indicating a year-over-year decline of 44%, with revenues projected at $541.48 million, down 5.7% from the previous year [18]. - Wendy's has an Earnings ESP of -0.63% and a Zacks Rank of 4, making it challenging to predict a beat on the consensus EPS estimate [19].