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Segment Information | 6 Months Ended
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Jul. 01, 2025
Segment Information |
Segment Information | 11. 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 included 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 Restaurants, 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 Restaurants, 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 thirteen weeks ended July 1, 2025 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | The |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
​ | ​ | Cheesecake | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Factory | ​ | North | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Restaurants |  | Italia |  | FRC |  | Other |  | Total
Revenues | ​ | $ | 683,257 | ​ | $ | 90,830 | ​ | $ | 90,178 | ​ | $ | 91,560 | ​ | $ | 955,825
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs and expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Food and beverage costs |  | ​ | 147,377 |  | ​ | 19,835 |  | ​ | 19,794 |  | ​ | 18,837 |  | ​ | 205,843
Labor expenses |  | ​ | 231,241 |  | ​ | 33,519 |  | ​ | 33,445 |  | ​ | 35,314 |  | ​ | 333,519
Other operating costs and expenses |  | ​ | 178,142 |  | ​ | 24,057 |  | ​ | 27,229 |  | ​ | 26,294 |  | ​ | 255,722
General and administrative expenses |  | ​ | — |  | ​ | — |  | ​ | — |  | ​ | 58,778 |  | ​ | 58,778
Depreciation and amortization expenses |  | ​ | 16,196 |  | ​ | 3,074 |  | ​ | 3,264 |  | ​ | 4,326 |  | ​ | 26,860
Impairment of assets and lease termination expenses |  | ​ | 196 |  | ​ | — |  | ​ | 15 |  | ​ | 11 |  | ​ | 222
Acquisition-related contingent consideration, compensation and amortization expenses |  | ​ | — |  | ​ | — |  | ​ | 315 |  | ​ | 697 |  | ​ | 1,012
Preopening costs |  | ​ | 3,558 |  | ​ | 1,946 |  | ​ | 2,202 |  | ​ | 1,341 |  | ​ | 9,047
Total costs and expenses |  | ​ | 576,710 |  | ​ | 82,431 |  | ​ | 86,264 |  | ​ | 145,598 |  | ​ | 891,003
Income/(loss) from operations | ​ | $ | 106,547 | ​ | $ | 8,399 | ​ | $ | 3,914 | ​ | $ | (54,038) | ​ | $ | 64,822
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | $ | 21,437 | ​ | $ | 4,996 | ​ | $ | 8,068 | ​ | $ | 7,048 | ​ | $ | 41,549
​ For the thirteen weeks ended July 2, 2024 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | The | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Cheesecake | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Factory | ​ | North | ​ | Other | ​ |  | ​ | ​ |  | ​
​ |  | Restaurants |  | Italia |  | FRC |  | Other |  | Total
Revenues | ​ | $ | 676,697 | ​ | $ | 75,514 | ​ | $ | 73,637 | ​ | $ | 78,194 | ​ | $ | 904,042
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs and expenses: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Food and beverage costs | ​ |  | 151,768 | ​ |  | 17,412 | ​ |  | 16,648 | ​ |  | 15,866 | ​ |  | 201,694
Labor expenses | ​ |  | 230,651 | ​ |  | 27,787 | ​ |  | 26,740 | ​ |  | 32,104 | ​ |  | 317,282
Other operating costs and expenses | ​ |  | 174,345 | ​ |  | 21,074 | ​ |  | 21,368 | ​ |  | 22,310 | ​ |  | 239,097
General and administrative expenses | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 54,384 | ​ |  | 54,384
Depreciation and amortization expenses | ​ |  | 16,257 | ​ |  | 2,322 | ​ |  | 2,790 | ​ |  | 3,591 | ​ |  | 24,960
Impairment of assets and lease termination (income)/expenses | ​ |  | 267 | ​ |  | — | ​ |  | — | ​ |  | (455) | ​ |  | (188)
Acquisition-related contingent consideration, compensation and amortization expenses | ​ |  | — | ​ |  | — | ​ |  | 315 | ​ |  | 831 | ​ |  | 1,146
Preopening costs | ​ |  | 2,374 | ​ |  | 1,412 | ​ |  | 2,186 | ​ |  | 1,003 | ​ |  | 6,975
Total costs and expenses | ​ |  | 575,662 | ​ |  | 70,007 | ​ |  | 70,047 | ​ |  | 129,634 | ​ |  | 845,350
Income/(loss) from operations | ​ | $ | 101,035 | ​ | $ | 5,507 | ​ | $ | 3,590 | ​ | $ | (51,440) | ​ | $ | 58,692
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | $ | 11,701 | ​ | $ | 5,433 | ​ | $ | 6,861 | ​ | $ | 5,192 | ​ | $ | 29,187
​ For the twenty-six weeks ended July 1, 2025 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | The | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Cheesecake | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Factory | ​ | North | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Restaurants |  | Italia |  | FRC |  | Other |  | Total
Revenues | ​ | $ | 1,355,991 | ​ | $ | 174,240 | ​ | $ | 177,602 | ​ | $ | 175,189 | ​ | $ | 1,883,022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs and expenses: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Food and beverage costs | ​ |  | 295,032 | ​ |  | 38,250 | ​ |  | 38,943 | ​ |  | 35,879 | ​ |  | 408,104
Labor expenses | ​ |  | 464,632 | ​ |  | 65,436 | ​ |  | 65,007 | ​ |  | 69,519 | ​ |  | 664,594
Other operating costs and expenses | ​ |  | 352,746 | ​ |  | 46,677 | ​ |  | 52,794 | ​ |  | 49,930 | ​ |  | 502,147
General and administrative expenses | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 118,710 | ​ |  | 118,710
Depreciation and amortization expenses | ​ |  | 32,422 | ​ |  | 5,872 | ​ |  | 6,299 | ​ |  | 8,349 | ​ |  | 52,942
Impairment of assets and lease termination expenses | ​ |  | 271 | ​ |  | — | ​ |  | 315 | ​ |  | 14 | ​ |  | 600
Acquisition-related contingent consideration, compensation and amortization expenses | ​ |  | — | ​ |  | — | ​ |  | 631 | ​ |  | 1,379 | ​ |  | 2,010
Preopening costs | ​ |  | 4,908 | ​ |  | 4,626 | ​ |  | 4,995 | ​ |  | 2,605 | ​ |  | 17,134
Total costs and expenses | ​ |  | 1,150,011 | ​ |  | 160,861 | ​ |  | 168,984 | ​ |  | 286,385 | ​ |  | 1,766,241
Income/(loss) from operations | ​ | $ | 205,980 | ​ | $ | 13,379 | ​ | $ | 8,618 | ​ | $ | (111,196) | ​ | $ | 116,781
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | $ | 47,588 | ​ | $ | 11,126 | ​ | $ | 10,748 | ​ | $ | 14,903 | ​ | $ | 84,365
​ For the twenty-six weeks ended July 2, 2024 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | The | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Cheesecake | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Factory | ​ | North | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Restaurants |  | Italia |  | FRC |  | Other |  | Total
Revenues | ​ | $ | 1,344,491 | ​ | $ | 146,388 | ​ | $ | 147,866 | ​ | $ | 156,520 | ​ | $ | 1,795,265
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs and expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Food and beverage costs |  | ​ | 305,338 |  | ​ | 34,449 |  | ​ | 33,234 |  | ​ | 31,926 |  | ​ | 404,947
Labor expenses |  | ​ | 465,863 |  | ​ | 54,989 |  | ​ | 52,856 |  | ​ | 64,504 |  | ​ | 638,212
Other operating costs and expenses |  | ​ | 346,826 |  | ​ | 40,566 |  | ​ | 42,138 |  | ​ | 43,108 |  | ​ | 472,638
General and administrative expenses |  | ​ | — |  | ​ | — |  | ​ | — |  | ​ | 114,750 |  | ​ | 114,750
Depreciation and amortization expenses |  | ​ | 33,100 |  | ​ | 4,293 |  | ​ | 5,215 |  | ​ | 7,108 |  | ​ | 49,716
Impairment of assets and lease termination expenses/(income) |  | ​ | 2,126 |  | ​ | — |  | ​ | — |  | ​ | (231) |  | ​ | 1,895
Acquisition-related contingent consideration, compensation and amortization expenses |  | ​ | — |  | ​ | — |  | ​ | 631 |  | ​ | 1,636 |  | ​ | 2,267
Preopening costs |  | ​ | 4,132 |  | ​ | 3,414 |  | ​ | 3,910 |  | ​ | 1,399 |  | ​ | 12,855
Total costs and expenses |  | ​ | 1,157,385 |  | ​ | 137,711 |  | ​ | 137,984 |  | ​ | 264,200 |  | ​ | 1,697,280
Income/(loss) from operations | ​ | $ | 187,106 | ​ | $ | 8,677 | ​ | $ | 9,882 | ​ | $ | (107,680) | ​ | $ | 97,985
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | $ | 30,582 | ​ | $ | 15,363 | ​ | $ | 10,279 | ​ | $ | 10,073 | ​ | $ | 66,297
​ The following table presents information related to segment assets (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | July 1, 2025 |  | December 31, 2024
Total assets: | ​ | ​ | ​ | ​ | ​ | ​
The Cheesecake Factory Restaurants | ​ | $ | 1,600,431 | ​ | $ | 1,545,227
North Italia | ​ | ​ | 434,688 | ​ | ​ | 419,812
Other FRC | ​ |  | 441,432 | ​ |  | 420,957
Other | ​ |  | 675,353 | ​ |  | 655,764
Total | ​ | $ | 3,151,904 | ​ | $ | 3,041,760
​

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- Definition The entire disclosure for reporting segments including data and tables. 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