Record Earnings Per Share Growth
The Cheesecake Factory reported a 27% year-over-year increase in adjusted earnings per share, marking the sixth consecutive quarter of 20% or higher growth.
Strong Restaurant Performance
The Cheesecake Factory achieved a 1% increase in comparable sales with annualized unit volumes exceeding $12.5 million, highlighting its strong market positioning.
Improved Profit Margins
The Cheesecake Factory's restaurant margins increased to 17.4%, up 140 basis points from the previous year, driven by improved operational execution and labor management.
Successful Restaurant Openings
The company opened eight new restaurants in the first quarter and plans to open up to 25 new restaurants in 2025, reflecting confidence in future growth.
Positive Employee Recognition
The Cheesecake Factory was named to the Fortune Magazine 100 Best Companies to Work For list for the 12th consecutive year, highlighting its strong company culture and employee commitment.
Operational Improvements in North Italia and Flower Child
North Italia and Flower Child reported margin expansions and strong sales performance, with Flower Child achieving a 5% increase in comparable sales.