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Cheesecake Factory ( (CAKE) ) has issued an announcement.
On February 19, 2025, The Cheesecake Factory reported a strong financial performance for the fourth quarter of fiscal 2024, with total revenues reaching $921.0 million, up from $877.0 million the previous year. The company’s net income was $41.2 million, and it achieved significant growth in comparable restaurant sales, which increased by 1.7% year-over-year. The company opened nine new restaurants in the fourth quarter, contributing to a total of 23 new openings in 2024, and plans to open up to 25 new locations in 2025. The Board declared a quarterly cash dividend of $0.27 per share, reflecting the company’s confidence in its operational strengths and long-term growth potential.
More about Cheesecake Factory
The Cheesecake Factory Incorporated is a leader in experiential dining, known for its culinary-forward approach and focus on hospitality. It operates 352 restaurants in the United States and Canada under brands such as The Cheesecake Factory, North Italia, and Flower Child. The company also has 34 international locations under licensing agreements and a bakery division that supplies products to its restaurants and external customers.
YTD Price Performance: 15.01%
Average Trading Volume: 1,194,181
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.85B
For an in-depth examination of CAKE stock, go to TipRanks’ Stock Analysis page.
