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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Information  
Segment Information

18.   Segment Information

Our chief operating decision maker (“CODM”) is the Chief Executive Officer, President and Chief Financial Officer. Our CODM allocates resources and evaluates the performance of each operating segment based on the segment’s revenue and income/(loss) from operations, comparing actual results to historical and previously forecasted financial information. Significant expenses are expenses that are regularly provided to the CODM and are include in segment income/(loss). Our operating segments, are aligned with our strategic priorities and are the businesses for which our CODM reviews discrete financial information for decision-making purposes, are comprised of The Cheesecake Factory, North Italia, Flower Child, the other FRC brands and our bakery division. Based on quantitative thresholds set forth in ASC 280, “Segment Reporting,” The Cheesecake Factory, North Italia and the other FRC brands are the only businesses that meet the criteria of a reportable operating segment. The remaining operating segments (Flower Child and our bakery division) along with our businesses that do not qualify as operating segments are combined in Other. Unallocated corporate expenses, capital expenditures and assets are also combined in Other.

Segment information is presented below (in thousands):

For the fifty-two weeks ended December 31, 2024

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Factory

​

North

​

​

​

​

​

​

​

​

​

​

    

Restaurants

    

Italia

    

Other FRC

    

Other

    

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenues

​

$

2,661,627

​

$

299,575

​

$

299,969

​

$

320,528

​

$

3,581,699

​

 

​

​

​

​

​

​

 

​

 

​

​

 

​

​

Costs and expenses:

 

​

​

​

​

​

​

​

​

 

​

​

 

​

​

Food and beverage costs

 

​

599,899

​

​

69,505

​

 

66,665

 

​

69,952

 

​

806,021

Labor expenses

 

​

913,560

​

​

111,082

​

 

108,377

 

​

131,363

 

​

1,264,382

Other operating costs and expenses

 

​

696,739

​

​

82,290

​

 

88,672

 

​

91,520

 

​

959,221

General and administrative expenses

 

​

—

​

​

—

​

​

—

 

​

228,737

 

​

228,737

Depreciation and amortization expenses

 

​

66,010

​

​

9,244

​

 

11,389

 

​

14,807

 

​

101,450

Impairment of assets and lease termination (income)/expenses

 

​

(1,402)

​

​

—

​

​

14,893

 

​

156

 

​

13,647

Acquisition-related contingent consideration, compensation and amortization expenses

 

​

—

​

​

—

​

 

1,262

 

​

1,167

 

​

2,429

Preopening costs

 

​

7,499

​

​

7,409

​

 

9,206

 

​

3,381

 

​

27,495

Total costs and expenses

 

​

2,282,305

​

​

279,530

​

 

300,464

 

​

541,083

 

​

3,403,382

Income/(loss) from operations

 

$

379,322

​

$

20,045

​

$

(495)

​

$

(220,555)

​

$

178,317

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Capital expenditures

 

$

65,465

​

$

37,811

​

$

30,405

​

$

26,683

​

$

160,364

Total assets

 

$

1,545,227

​

$

419,812

​

$

420,957

​

$

655,764

​

$

3,041,760

​

For the fifty-two weeks ended January 2, 2024

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Factory

​

North

​

​

​

​

​

​

​

​

​

​

    

Restaurants

    

Italia

    

Other FRC

    

Other

    

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenues

​

$

2,595,066

​

$

258,878

​

$

263,923

​

$

321,636

​

$

3,439,503

​

 

​

​

​

​

​

 

​

​

 

​

​

 

​

​

Costs and expenses:

 

​

​

​

​

​

 

​

​

 

​

​

 

​

​

Food and beverage costs

 

​

607,439

​

​

64,425

 

​

59,865

 

​

71,771

 

​

803,500

Labor expenses

 

​

907,579

​

​

93,540

 

​

93,840

 

​

132,936

 

​

1,227,895

Other operating costs and expenses

 

​

685,521

​

​

69,918

 

​

72,554

 

​

94,435

 

​

922,428

General and administrative expenses

 

​

—

​

​

—

 

​

—

 

​

217,449

 

​

217,449

Depreciation and amortization expenses

 

​

64,206

​

​

6,407

 

​

7,916

 

​

14,607

 

​

93,136

Impairment of assets and lease termination expenses

 

​

20,401

​

​

1,015

 

​

2,582

 

​

5,466

 

​

29,464

Acquisition-related contingent consideration, compensation and amortization expenses

 

​

—

​

​

—

 

​

1,262

 

​

10,424

 

​

11,686

Preopening costs

 

​

12,857

​

​

5,058

 

​

6,482

 

​

982

 

​

25,379

Total costs and expenses

 

​

2,298,003

​

​

240,363

 

​

244,501

 

​

548,070

 

​

3,330,937

Income/(loss) from operations

 

$

297,063

​

$

18,515

​

$

19,422

​

$

(226,434)

​

$

108,566

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Capital expenditures

 

$

80,752

​

$

26,882

​

$

27,562

​

$

16,369

​

$

151,565

Total assets

 

$

1,571,943

​

$

346,810

​

$

399,038

​

$

522,592

​

$

2,840,383

​

For the fifty-three weeks ended January 3, 2023

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

The Cheesecake

​

  

​

​

    

  

    

  

​

    

  

​

​

​

Factory

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Restaurants

    

North Italia

    

Other FRC

    

Other

    

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenues

​

$

2,528,043

​

$

228,622

​

$

237,552

​

$

308,939

​

$

3,303,156

​

 

​

​

​

​

​

​

​

​

 

​

​

 

​

​

Costs and expenses:

 

​

​

​

​

​

​

​

​

 

​

​

 

​

​

Food and beverage costs

 

​

627,224

​

​

59,290

​

​

56,132

 

​

68,280

 

​

810,926

Labor expenses

 

​

915,559

​

​

84,692

​

​

83,366

 

​

128,334

 

​

1,211,951

Other operating costs and expenses

 

​

668,730

​

​

60,687

​

​

61,703

 

​

90,507

 

​

881,627

General and administrative expenses

 

​

—

​

​

—

​

​

—

 

​

205,753

 

​

205,753

Depreciation and amortization expenses

 

​

66,539

​

​

5,714

​

​

6,231

 

​

13,896

 

​

92,380

Impairment of assets and lease termination expenses

 

​

19,701

​

​

—

​

​

3,909

 

​

7,777

 

​

31,387

Acquisition-related contingent consideration, compensation and amortization expenses

 

​

—

​

​

—

​

​

1,273

 

​

12,095

 

​

13,368

Preopening costs

 

​

9,525

​

​

4,305

​

​

1,361

 

​

1,638

 

​

16,829

Total costs and expenses

 

​

2,307,278

​

​

214,688

​

​

213,975

 

​

528,280

 

​

3,264,221

Income/(loss) from operations

 

$

220,765

​

$

13,934

​

$

23,577

​

$

(219,341)

​

$

38,935

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Capital expenditures

 

$

65,996

​

$

14,818

​

$

18,895

​

$

12,755

​

$

112,464

Total assets

 

$

1,625,073

​

$

306,642

​

$

301,618

​

$

541,887

​

$

2,775,220

​