The Cheesecake Factory
CAKE
$46.98 -1.67%
Exchange: NASDAQ | Sector: Consumer Cyclical | Industry: Restaurants
Q4 2024
Published: Feb 24, 2025

Earnings Highlights

  • Revenue of $920.96M up 1.9% year-over-year
  • EPS of $0.84 decreased by 21.8% from previous year
  • Gross margin of 43.4%
  • Net income of 41.15M
  • ""In 2024, we generated record high annual revenues and adjusted earnings per share, while also opening more new restaurants in a single year than ever before in our company's history."" - David Overton, CEO
CAKE
The Cheesecake Factory Incorporated

Executive Summary

The Cheesecake Factory Incorporated (CAKE) delivered a strong performance in Q4 2024, with total revenues reaching $921 million, representing a year-over-year increase of 1.87%. The company's comparable sales grew 1.7%, outperforming the industry average, driven by successful menu innovations and effective operational management. Notably, the restaurant-level margins reached a seven-year high of 18.4%, demonstrating the company's commitment to operational efficiency and guest satisfaction. Management expressed confidence in sustaining growth momentum, with plans to open 25 new restaurants in 2025. Amidst a competitive landscape, CAKE continues to leverage its strong brand identity and customer base to drive sales and profitability further.

Key Performance Indicators

Revenue
Increasing
920.96M
QoQ: 6.41% | YoY: 1.87%
Gross Profit
Increasing
399.96M
43.43% margin
QoQ: 323.44% | YoY: 230.52%
Operating Income
Decreasing
46.63M
QoQ: 38.37% | YoY: -30.01%
Net Income
Decreasing
41.15M
QoQ: 37.21% | YoY: -21.53%
EPS
Decreasing
0.86
QoQ: 36.51% | YoY: -21.82%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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