The Cheesecake Factory Incorporated (CAKE) SEC Filings & Earnings Calls
EquiReason read 10 The Cheesecake Factory Incorporated SEC filings in the last 12 months. Latest: 10-Q on 2026-08-03 — The Cheesecake Factory reported strong Q2 2026 results with total revenue up 7.7% YoY and net income up 24.8% YoY..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 5.4B
- P/E TTM
- 29.4
- Dividend yield
- 1.1%
- 52-week
- —
- Next earnings
- 27 Oct, in 3 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
3 Aug 202610-QThe Cheesecake Factory reported strong Q2 2026 results with total revenue up 7.7% YoY and net income up 24.8% YoY.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q2-2026 | $1.03B | +8% y/y |
| Net income · Q2-2026 | $68M | +25% y/y |
| Diluted EPS · Q2-2026 | $1.41 | +24% y/y |
| Total assets · 2026-06-30 | $3.29B | |
| Total debt · 2026-06-30 | $575M | |
| Dividend per share · Q2-2026 | $0.30 | |
| Operating cash flow · H1-2026 | $87M | -9% y/y |
| Capital expenditures · Q2-2026 | $43M | +3% y/y |
| The Cheesecake Factory Restaurants revenue · The Cheesecake Factory Restaurants · Q2-2026 | $729M | +7% y/y |
| North Italia revenue · North Italia · Q2-2026 | $98M | +8% y/y |
Risks flagged
Litigation risk from California labor law class actions
“On December 11, 2023, a former restaurant hourly employee filed a class action lawsuit in the California Superior Court, County of San Diego, alleging that the Company violated the California Labor Code by failing to properly pay hourly wages and overtime, provide meal and rest periods, and furnish compliant wage statements, among other claims.” · word for word
Regulatory inquiry from California Privacy Protection Agency
“On April 27, 2026, the California Privacy Protection Agency filed a Notice of Privacy Act Inquiry with the Company, requesting information about the Company’s online privacy practices with respect to its recruiting website, mobile application tracking and marketing practices” · word for word
Convertible debt dilution risk
“The initial conversion rate is 14.1377 shares of our common stock per $ 1,000 principal amount of 2030 Notes, which represents an initial conversion price of approximately $ 70.73 per share of our common stock.” · word for word
28 Jul 20268-K · 2.02, 7.01, 8.01Q2 FY2026 revenue $1,029.6M (+7.7% YoY), net income $68.4M, diluted EPS $1.41; comparable sales +5.8% YoY; guidance reaffirmed at up to 26 new restaurants; quarterly dividend $0.30 declared.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q2-2026 | $1.03B | +8% y/y |
| Net income · Q2-2026 | $68M | |
| Diluted net income per share · Q2-2026 | $1.41 | |
| Adjusted net income · Q2-2026 | $70M | |
| Adjusted diluted net income per share · Q2-2026 | $1.44 | |
| Comparable restaurant sales · The Cheesecake Factory · Q2-2026 | 5.8% | |
| Cash and cash equivalents · Q2-2026 | $195M | |
| Revolving credit facility availability · Q2-2026 | $367M | |
| Total debt outstanding · Q2-2026 | $575M | |
| Dividend per share · Q3-2026 | $0.30 |
Guidance
FY2026 new restaurant openings: as many as 26 total (5-6 Cheesecake Factory, 6-7 North Italia, 7 Flower Child, up to 7 FRC restaurants)
Management reaffirmed FY2026 development guidance of up to 26 new restaurants, with strong comparable sales and margin improvement trends.
Risks flagged
Competitive pressure in casual dining industry
“ensuring our concepts evolve and resonate with guests in an increasingly competitive environment.” · word for word
Convertible debt maturity risk (2.00% notes due 2030)
“total principal amount of debt outstanding was $575 million, representing the principal amount of 2.00% convertible senior notes due 2030.” · word for word
4 May 202610-QTotal Revenue $979M (+6% y/y); Net Income $50M (+50% y/y); Operating Income $55M (+6% y/y)open
Figures in the filing · each found in the filing text
| Total Revenue · Q1-2026 | $979M | +6% y/y |
| Net Income · Q1-2026 | $50M | +50% y/y |
| Operating Income · Q1-2026 | $55M | +6% y/y |
| Capital Expenditures · Q1-2026 | $43M | +1% y/y |
| Cheesecake Factory Restaurants Revenue · The Cheesecake Factory Restaurants · Q1-2026 | $690M | +3% y/y |
| North Italia Revenue · North Italia · Q1-2026 | $89M | +7% y/y |
| Other FRC Revenue · Other FRC · Q1-2026 | $105M | +20% y/y |
| Diluted EPS · Q1-2026 | $1.02 | +52% y/y |
| Dividend per Share · Q1-2026 | $0.30 |
Risks flagged
IRS Tax Dispute
“On June 7, 2024, the Internal Revenue Service issued its examination report for tax years 2015 through 2020 in which it proposed to disallow a portion of our depreciation deductions and domestic production activity deductions and to assess penalties.” · word for word
Convertible Debt Dilution
“As of March 31, 2026, we had $69.0 million aggregate principal amount of convertible senior notes due 2026 and $575.0 million aggregate principal amount of convertible senior notes due 2030 outstanding.” · word for word
29 Apr 20268-K · 2.02, 7.01, 8.01Quarterly cash dividend per share $0.30earningsopen
Figures in the filing · each found in the filing text
| Quarterly cash dividend per share · Q2-2026 | $0.30 |
10 Apr 2026DEF 14ARevenue $3.75B (+5% y/y); Diluted EPS $3.06 (-4% y/y); Adjusted Diluted EPS $3.77 (+10% y/y)open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $3.75B | +5% y/y |
| Diluted EPS · FY2025 | $3.06 | -4% y/y |
| Adjusted Diluted EPS · FY2025 | $3.77 | +10% y/y |
| Net Income · FY2025 | $148M | -6% y/y |
| EBITDAR · FY2025 | $544M | +3% y/y |
| Adjusted EBITDAR · FY2025 | $621M | +8% y/y |
| Shareholder Returns (Dividends and Buybacks) · FY2025 | $206M | |
| New Restaurant Openings · FY2025 | 25 | |
| Total Shareholder Return (TSR) · FY2025 | $150.15 | +8% y/y |
| CEO Pay Ratio · FY2025 | $268.00 |
31 Mar 20268-K · 1.01, 2.03The Cheesecake Factory entered a $400M revolving credit facility maturing 2031, with an accordion feature for an additional $200M, replacing prior facility. Unsecured, used for general corporate purposes including dividends and buybacks.open
Figures in the filing · each found in the filing text
| Revolving credit facility size · Q1-2026 | $400M | |
| Accordion feature · Q1-2026 | $200M |
Risks flagged
Covenant risk: maximum net adjusted leverage ratio of 4.25x and minimum EBITDAR/interest+rent of 1.90x; non-compliance could accelerate maturity.
“maximum ratio of net adjusted debt to EBITDAR of 4.25 to 1.00 and a minimum ratio of EBITDAR to interest and rent expense of 1.90 to 1.00” · word for word
23 Feb 202610-KImpairment of assets and lease terminations expense $23Mopen
Figures in the filing · each found in the filing text
| Impairment of assets and lease terminations expense · FY2025 | $23M |
Risks flagged
Cloud Service Disruption
“In October 2025 we experienced limited disruptions to our information technology systems as part of the Amazon Web Services outage that impacted thousands of businesses.” · word for word
Asset Impairment Risk
“During fiscal 2025, we recorded impairment of assets and lease terminations expense of $23.0 million primarily related to the impairment of long-lived assets.” · word for word
18 Feb 20268-K · 2.02, 7.01, 8.01Quarterly Cash Dividend per Share $0.30; Share Repurchase Authorization Increase 5,000,000; Total Share Repurchase Authorization 66,000,000earningsopen
Figures in the filing · each found in the filing text
| Quarterly Cash Dividend per Share · Q1-2026 | $0.30 | |
| Share Repurchase Authorization Increase · point_in_time | 5,000,000 | |
| Total Share Repurchase Authorization · point_in_time | 66,000,000 | |
| Remaining Share Repurchase Authorization · point_in_time | 6,000,000 |
3 Nov 202510-QThe Cheesecake Factory reported Q3 2025 results with revenue up 4.8% YoY and operating income up 10.6% YoY.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q3-2025 | $907M | +5% y/y |
| Net income · Q3-2025 | $32M | +6% y/y |
| Diluted EPS · Q3-2025 | $0.66 | +8% y/y |
| Operating income · Q3-2025 | $37M | +11% y/y |
| Capital expenditures · Q3-2025 | $37M | -32% y/y |
Risks flagged
IRS tax dispute
“On June 7, 2024, the Internal Revenue Service (IRS) issued its examination report for tax years 2015 through 2020 in which it proposed to disallow a portion of our depreciation deductions and domestic production activity deductions and to assess penalties.” · word for word
Convertible note dilution risk
“The 2030 Notes are convertible into shares of common stock, which could dilute existing shareholders.”
28 Oct 20258-K · 2.02, 7.01, 8.01Total revenues $907M (+5% y/y); Net income $32M; Diluted net income per share $0.66; Guidance: As many as 25 new restaurants in FY2025earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q3-2025 | $907M | +5% y/y |
| Net income · Q3-2025 | $32M | |
| Diluted net income per share · Q3-2025 | $0.66 | |
| Adjusted net income · Q3-2025 | $33M | |
| Adjusted diluted net income per share · Q3-2025 | $0.68 | |
| Comparable restaurant sales growth · The Cheesecake Factory · Q3-2025 | 0.3% | |
| Total liquidity · Q3-2025 | $557M | |
| Cash balance · Q3-2025 | $190M | |
| Revolving credit facility availability · Q3-2025 | $367M | |
| Total debt outstanding · Q3-2025 | $644M |
Guidance
As many as 25 new restaurants in FY2025
Guidance reaffirmed with earnings beat; unit growth on track; margin improvement from operational efficiencies.
Risks flagged
Challenging restaurant industry environment
“While the restaurant industry is navigating a softer environment” · word for word
Competitive pressure
“amid a more challenging and competitive environment” · word for word
The Cheesecake Factory Incorporated — questions
- What did The Cheesecake Factory Incorporated file recently?
- 10 SEC filings in the last 12 months. Latest: 10-Q on 2026-08-03 — The Cheesecake Factory reported strong Q2 2026 results with total revenue up 7.7% YoY and net income up 24.8% YoY.
Every figure on this page comes from The Cheesecake Factory Incorporated's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.