Cheesecake Factory Files 10-Q for Q2 2024
Ticker: CAKE · Form: 10-Q · Filed: 2024-08-05T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
CFG 10-Q filed: Financials for Q2 2024 out. Check for details.
AI Summary
The Cheesecake Factory Inc. filed its 10-Q for the period ending July 2, 2024. The filing details financial performance and operational updates for the company. Key financial figures and strategic information are presented within this report.
Why It Matters
This filing provides investors and analysts with a detailed look at The Cheesecake Factory's financial health and operational status, crucial for understanding the company's performance and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently present new risks.
Key Players & Entities
- CHEESECAKE FACTORY INC (company) — Filer of the 10-Q
- 20240702 (date) — End of reporting period
- 20240805 (date) — Filing date
- CALABASAS HILLS, CA (location) — Company headquarters
FAQ
What was the total number of outstanding shares as of July 2, 2024?
The filing indicates that as of July 2, 2024, there were 34,701,060 shares of common stock outstanding.
What is the company's fiscal year end date?
The company's fiscal year ends on January 2nd (0102).
What is the SEC file number for The Cheesecake Factory Inc.?
The SEC file number is 000-20574.
What is the Standard Industrial Classification (SIC) code for The Cheesecake Factory Inc.?
The SIC code is 5812, which corresponds to RETAIL-EATING PLACES.
When was the company's name last changed?
The company's name was last changed on March 28, 1993.
Filing Stats: 4,530 words · 18 min read · ~15 pages · Grade level 16.3 · Accepted 2024-08-05 17:00:45
Filing Documents
- cake-20240702x10q.htm (10-Q) — 1609KB
- cake-20240702xex31d1.htm (EX-31.1) — 9KB
- cake-20240702xex31d2.htm (EX-31.2) — 9KB
- cake-20240702xex32d1.htm (EX-32.1) — 8KB
- cake-20240702xex32d2.htm (EX-32.2) — 8KB
- 0001410578-24-001151.txt ( ) — 6924KB
- cake-20240702.xsd (EX-101.SCH) — 40KB
- cake-20240702_cal.xml (EX-101.CAL) — 46KB
- cake-20240702_def.xml (EX-101.DEF) — 138KB
- cake-20240702_lab.xml (EX-101.LAB) — 386KB
- cake-20240702_pre.xml (EX-101.PRE) — 262KB
- cake-20240702x10q_htm.xml (XML) — 1371KB
Financial Statements
Financial Statements : Condensed Consolidated Balance Sheets (Unaudited) 1 Condensed Consolidated Statements of Income (Unaudited) 2 Condensed Consolidated Statements of Comprehensive Income (Unaudited) 3 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) 4 Condensed Consolidated Statements of Cash Flows (Unaudited) 5 Notes to Condensed Consolidated Financial Statements (Unaudited) 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 28 Item 4.
Controls and Procedures
Controls and Procedures 28 PART II OTHER INFORMATION 29 Item 1.
Legal Proceedings
Legal Proceedings 29 Item 1A.
Risk Factors
Risk Factors 29 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 5. Other Information 30 Item 6. Exhibits 31
Signatures
Signatures 32 Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. THE CHEESECAKE FACTORY INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) July 2, January 2, 2024 2024 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 40,654 $ 56,290 Accounts and other receivables 72,420 103,094 Income taxes receivable 24,855 20,670 Inventories 70,987 57,654 Prepaid expenses 69,019 63,090 Total current assets 277,935 300,798 Property and equipment, net 810,444 791,093 Other assets: Intangible assets, net 252,039 251,727 Operating lease assets 1,338,155 1,302,150 Other 201,018 194,615 Total other assets 1,791,212 1,748,492 Total assets $ 2,879,591 $ 2,840,383 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 68,644 $ 63,152 Gift card liabilities 192,344 222,915 Operating lease liabilities 149,899 134,905 Other accrued expenses 231,720 239,699 Total current liabilities 642,607 660,671 Long-term debt 471,054 470,047 Operating lease liabilities 1,258,933 1,254,955 Other noncurrent liabilities 133,017 136,648 Total liabilities 2,505,611 2,522,321 Commitments and contingencies (Note 7) Stockholders' equity: Preferred stock, $ .01 par value, 5,000,000 shares authorized; none issued — — Common stock, $ .01 par value, 250,000,000 shares authorized; 107,916,784 shares issued and 50,902,796 shares outstanding at July 2, 2024 and 107,195,287 shares issued and 50,652,129 shares outstanding at January 2, 2024 1,079 1,072 Additional paid-in capital 928,015 913,442 Retained earnings 1,274,339 1,216,239 Treasury stock inclusive of excise tax, 57,013,988 and 56,543,158 shares at cost at July 2, 2024 and January 2, 2024, respectively ( 1,828,382 ) ( 1,811,997 ) Accumulated other comprehensive loss ( 1,071 ) ( 694 ) Total stockholders' equity 373,980 318,062 Total liabilities and stoc