The Cheesecake Factory (NASDAQ:CAKE) delivered strong fourth-quarter results, with earnings and revenue exceeding analyst expectations, reinforcing the company’s continued momentum and expansion plans.
For Q4, the restaurant chain posted adjusted earnings per share of $1.04, surpassing analyst estimates of $0.91. Revenue climbed to $921 million, exceeding projections of $912.04 million and marking a 5% year-over-year increase from $877 million in the same quarter last year.
Comparable restaurant sales at The Cheesecake Factory rose 1.7% year-over-year, reflecting steady consumer demand for the brand’s dining experience despite macroeconomic uncertainties.
The company accelerated its expansion efforts in Q4, opening nine new restaurants, including three North Italia locations, two Flower Child sites, two Fox Restaurant Concepts (FRC) outlets, and the relocation of two Cheesecake Factory locations. Looking ahead, Cheesecake Factory plans to open up to 25 new restaurants in 2025, as it leverages its diverse brand portfolio to fuel long-term growth.
Management expressed confidence in sustaining financial and operational progress in 2025, emphasizing scalability, operational efficiencies, and brand differentiation as key drivers for shareholder value.