Positive Outlook for Cheesecake Factory Amid Revenue and Margin ImprovementsWe continue to believe: (1) there are still underappreciated margin gains to be had from COVID-era laps and improving tenured employees/operations, and, not unrelated, (2) CAKE will continue to speak to longer-term margin targets (e.g., 16%-17% store margins) with increasing confidence. In a sub- 5% net margin model, this remains a powerful lever to the bottom-line. Key topics/questions for the call – 4Q24 due 2/19 AMC, call 5PM ET — (1) SSS cadence thru 4Q, regional performance and framing any impacts/risks from weather early 1Q25. Trends by household income? (2) Given the recent move in a handful of key commodities (including chicken), does CAKE see any changes to its expectations for LSD-MSD% total inflation? Walk through what’s contracted across the basket.