US-based casual dining chain The Cheesecake Factory has announced an increase in total revenue to $927.2m for the fiscal first quarter (Q1) of 2025, up from $891.2m in the previous year’s first quarter.
The company’s net income reached $32.9m and diluted net income per share stood at $0.67.
Go deeper with GlobalData
The brand had pre-tax net expense sof $17.3m due to costs including those related to the extinguishment of debt and the Fox Restaurant Concepts acquisition.
Excluding certain expenses, adjusted net income and adjusted diluted net income per share for the first quarter stood at $45.7m and $0.93 respectively.
The Cheesecake Factory also reported a modest year-on-year increase of 1% in comparable restaurant sales.
Chairman and CEO David Overton stated: “Our first quarter results reflect a strong start to the year as we delivered solid topline revenue, margins and earnings, reflecting continued positive momentum across our business.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“Sales finished towards the higher end of our expectations, led by The Cheesecake Factory restaurants, underscoring the consistent consumer demand for the high-quality, differentiated dining experiences we provide.
“And once again, execution within our restaurants was exceptional, as our operators delivered year-on-year improvements in labour productivity, food efficiency, wage management and retention across both hourly staff and managers, driving strong profit flow-through and margin expansion.”
The first quarter saw the addition of eight new restaurants to the company’s portfolio, including three Flower Child locations, three North Italia locations and two FRC restaurants.
The company plans to launch up to 25 new eateries in 2025, with the portfolio including three to four The Cheesecake Factory outlets, six to seven North Italia and Flower Child locations each, and eight to nine FRC dining spots.
In March 2025, The Cheesecake Factory executed a menu overhaul eliminating 13 items and introducing 22 new options, which encompass a variety of appetisers and mocktails.
