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Reported Q: Q3 2024 Rev YoY: -2.9% EPS YoY: -10.0% Move: +0.38%

The Cheesecake Factory

CAKE

$63.49 0.38%

Exchange NASDAQ Sector Consumer Cyclical Industry Restaurants

Q3 2024

Published: Sep 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for CAKE

Reported

Report Date

Sep 30, 2024

Quarter Q3 2024

Revenue

865.47M

YoY: -2.9%

EPS

0.61

YoY: -10.0%

Market Move

+0.38%

Previous quarter: Q2 2024

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Earnings Highlights

Revenue of $865.47M down 2.9% year-over-year
EPS of $0.61 decreased by 10% from previous year
Gross margin of 10.9%
Net income of 29.99M
""Solid sales and exceptional operational execution in the quarter resulted in adjusted earnings per share growth of 49% from the prior year." - David Overton, CEO" - David Overton

CAKE

The Cheesecake Factory Incorporated

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

In the third quarter of fiscal 2024, The Cheesecake Factory Incorporated (CAKE) demonstrated resilience with stable revenue and robust profitability, highlighted by a notable 49% increase in adjusted earnings per share year-over-year. The company reported total revenues of $865 million, matching their guidance and reflecting a strong performance relative to industry trends. Key operational successes, including a high rate of customer satisfaction and successful openings of new locations, position The Cheesecake Factory well for future growth. Management emphasized their commitment to optimizing operations and expanding restaurant units as vital aspects of their strategy moving forward.

Key Performance Indicators

Revenue

Decreasing

865.47M

QoQ: 0.00% | YoY: -2.89%

Gross Profit

Decreasing

94.46M

10.91% margin

QoQ: 0.00% | YoY: -13.14%

Operating Income

Decreasing

38.25M

QoQ: -11.90% | YoY: -30.34%

Net Income

Decreasing

29.99M

QoQ: 0.00% | YoY: -9.63%

EPS

Decreasing

0.63

QoQ: 0.00% | YoY: -10.00%

Revenue Trend

Margin Analysis

Financial Highlights

The Cheesecake Factory's Q3 2024 resulted in total revenues of $865 million, unchanged from the previous quarter but showing a year-over-year increase. Key financial metrics include a gross profit of $94.5 million, yielding a gross profit margin of 10.9%. Operating income was $38.3 million, with a net income of approximately $30 million. Notably, the adjusted net income margin reached 3.3%, surpassing previous forecasts. The company boasts a strong liquidity position with over $289 million in available resources and a stable total debt at $475 million, indicating solid balance sheet health amid expansion plans.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	865.47M	-2.89%	0.00%
Gross Profit	94.46M	-13.14%	0.00%
Operating Income	38.25M	-30.34%	-11.90%
Net Income	29.99M	-9.63%	0.00%
EPS	0.63	-10.00%	0.00%

Key Financial Ratios

Gross Profit Margin

Weak

10.90%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

4.42%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Fair

3.47%

Net profit margin is moderate, room for improvement in cost management

P/E Ratio

Fair Value

16.14x

P/E ratio in line with market averages

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	927.20	0.67	+2.6%	View
Q4 2024	920.96	0.84	+1.9%	View
Q3 2024	865.47	0.61	-2.9%	View
Q2 2024	904.04	1.08	+8.9%	View

The Cheesecake Factory (CAKE) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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