Cheesecake Factory ( (CAKE) ) has released its Q2 earnings. Here is a breakdown of the information Cheesecake Factory presented to its investors.
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The Cheesecake Factory Incorporated is a prominent player in the experiential dining sector, known for its diverse range of restaurant brands including The Cheesecake Factory, North Italia, and Flower Child, among others. The company operates over 360 restaurants in North America and has a significant international presence through licensing agreements.
In its latest earnings report for the second quarter of fiscal 2025, The Cheesecake Factory reported a revenue increase to $955.8 million, up from $904.0 million in the same quarter of the previous year. The company also achieved a net income of $54.8 million, with a diluted net income per share of $1.14, reflecting a strong financial performance.
Key highlights from the report include a 1.2% increase in comparable restaurant sales and the opening of eight new restaurants across different concepts, contributing to the company’s growth strategy. The company also maintained a robust liquidity position with $515.3 million available, including cash and credit facilities, while managing a total debt of $644.0 million.
Looking ahead, The Cheesecake Factory plans to continue its expansion with up to 25 new restaurant openings in fiscal 2025. The management remains focused on maintaining operational discipline and leveraging the momentum from the first half of the year to sustain its performance in the latter half of 2025.