Overview
Restaurant chain's fiscal Q4 revenue grew, beating analyst expectations
Adjusted net income for fiscal Q4 was $48.3 mln
Company increased share repurchase authorization by 5 mln shares
Outlook
Cheesecake Factory plans to open up to 26 new restaurants in fiscal 2026
Result Drivers
GIFT CARD REVENUE - Q4 revenue included $17.3 mln from gift card breakage due to changes in redemption patterns
COMPARABLE SALES DECLINE - Comparable restaurant sales at The Cheesecake Factory declined 2.2% year-over-year
NEW RESTAURANT OPENINGS - Opened seven new restaurants in Q4, contributing to approximately 7% unit growth for the year
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$961.56 mln
$949.51 mln (18 Analysts)
Q4 EPS
$0.60
Q4 Operating Income
$33.24 mln
Q4 Pretax Profit
$30.70 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 9 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy"
Wall Street's median 12-month price target for Cheesecake Factory Inc is $60.50, about 3.3% below its February 17 closing price of $62.56
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nBw8YcFl2a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
