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Segment Information | 9 Months Ended
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Sep. 30, 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 September 30, 2025 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | The | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Cheesecake | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Factory | ​ | North | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Restaurants |  | Italia |  | FRC |  | Other |  | Total
Revenues | ​ | $ | 651,375 | ​ | $ | 83,482 | ​ | $ | 78,017 | ​ | $ | 94,352 | ​ | $ | 907,226
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs and expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Food and beverage costs |  | ​ | 140,859 | ​ | ​ | 18,091 | ​ | ​ | 17,360 | ​ | ​ | 21,344 | ​ | ​ | 197,654
Labor expenses |  | ​ | 225,885 | ​ | ​ | 31,312 | ​ | ​ | 30,885 | ​ | ​ | 34,692 | ​ | ​ | 322,774
Other operating costs and expenses |  | ​ | 178,249 | ​ | ​ | 24,100 | ​ | ​ | 25,926 | ​ | ​ | 27,449 | ​ | ​ | 255,724
General and administrative expenses |  | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 58,996 | ​ | ​ | 58,996
Depreciation and amortization expenses |  | ​ | 16,841 | ​ | ​ | 3,060 | ​ | ​ | 3,288 | ​ | ​ | 4,230 | ​ | ​ | 27,419
Impairment of assets and lease termination (income)/expenses |  | ​ | 33 | ​ | ​ | — | ​ | ​ | (178) | ​ | ​ | 41 | ​ | ​ | (104)
Acquisition-related contingent consideration, compensation and amortization (income)/expenses |  | ​ | — | ​ | ​ | — | ​ | ​ | 316 | ​ | ​ | 594 | ​ | ​ | 910
Preopening costs |  | ​ | 1,610 | ​ | ​ | 1,003 | ​ | ​ | 3,623 | ​ | ​ | 348 | ​ | ​ | 6,584
Total costs and expenses |  | ​ | 563,477 | ​ | ​ | 77,566 | ​ | ​ | 81,220 | ​ | ​ | 147,694 | ​ | ​ | 869,957
Income/(loss) from operations | ​ | $ | 87,898 | ​ | $ | 5,916 | ​ | $ | (3,203) | ​ | $ | (53,342) | ​ | $ | 37,269
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | $ | 16,348 | ​ | $ | 7,709 | ​ | $ | 5,776 | ​ | $ | 6,850 | ​ | $ | 36,683
​ For the thirteen weeks ended October 1, 2024 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | The | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Cheesecake | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Factory | ​ | North | ​ | Other | ​ |  | ​ | ​ |  | ​
​ |  | Restaurants |  | Italia |  | FRC |  | Other |  | Total
Revenues | ​ | $ | 647,754 | ​ | $ | 71,878 | ​ | $ | 66,984 | ​ | $ | 78,855 | ​ | $ | 865,471
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs and expenses: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Food and beverage costs | ​ |  | 145,431 | ​ | ​ | 16,685 | ​ | ​ | 15,085 | ​ | ​ | 18,105 | ​ |  | 195,306
Labor expenses | ​ |  | 226,203 | ​ | ​ | 26,534 | ​ | ​ | 25,580 | ​ | ​ | 32,622 | ​ |  | 310,939
Other operating costs and expenses | ​ |  | 174,531 | ​ | ​ | 20,126 | ​ | ​ | 21,444 | ​ | ​ | 23,369 | ​ |  | 239,470
General and administrative expenses | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 56,204 | ​ |  | 56,204
Depreciation and amortization expenses | ​ |  | 16,142 | ​ |  | 2,360 | ​ |  | 3,031 | ​ |  | 3,766 | ​ |  | 25,299
Impairment of assets and lease termination (income)/expenses | ​ |  | (3,858) | ​ |  | — | ​ |  | — | ​ |  | 386 | ​ |  | (3,472)
Acquisition-related contingent consideration, compensation and amortization expenses | ​ |  | — | ​ |  | — | ​ |  | 316 | ​ |  | 704 | ​ |  | 1,020
Preopening costs | ​ |  | 1,483 | ​ |  | 1,765 | ​ |  | 2,900 | ​ |  | 857 | ​ |  | 7,005
Total costs and expenses | ​ |  | 559,932 | ​ |  | 67,470 | ​ |  | 68,356 | ​ |  | 136,013 | ​ |  | 831,771
Income/(loss) from operations | ​ | $ | 87,822 | ​ | $ | 4,408 | ​ | $ | (1,372) | ​ | $ | (57,158) | ​ | $ | 33,700
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | $ | 22,036 | ​ | $ | 9,705 | ​ | $ | 13,393 | ​ | $ | 9,080 | ​ | $ | 54,214
​ For the thirty-nine weeks ended September 30, 2025 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | The | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Cheesecake | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Factory | ​ | North | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Restaurants |  | Italia |  | FRC |  | Other |  | Total
Revenues | ​ | $ | 2,007,366 | ​ | $ | 257,722 | ​ | $ | 255,619 | ​ | $ | 269,541 | ​ | $ | 2,790,248
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs and expenses: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Food and beverage costs | ​ |  | 435,891 | ​ | ​ | 56,341 | ​ | ​ | 56,303 | ​ | ​ | 57,223 | ​ | ​ | 605,758
Labor expenses | ​ |  | 690,517 | ​ | ​ | 96,748 | ​ | ​ | 95,892 | ​ | ​ | 104,211 | ​ | ​ | 987,368
Other operating costs and expenses | ​ |  | 530,995 | ​ | ​ | 70,777 | ​ | ​ | 78,720 | ​ | ​ | 77,379 | ​ | ​ | 757,871
General and administrative expenses | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 177,706 | ​ | ​ | 177,706
Depreciation and amortization expenses | ​ |  | 49,263 | ​ | ​ | 8,932 | ​ | ​ | 9,587 | ​ | ​ | 12,579 | ​ | ​ | 80,361
Impairment of assets and lease termination expenses | ​ |  | 304 | ​ | ​ | — | ​ | ​ | 137 | ​ | ​ | 55 | ​ | ​ | 496
Acquisition-related contingent consideration, compensation and amortization expenses | ​ |  | — | ​ | ​ | — | ​ | ​ | 947 | ​ | ​ | 1,973 | ​ | ​ | 2,920
Preopening costs | ​ |  | 6,518 | ​ | ​ | 5,629 | ​ | ​ | 8,618 | ​ | ​ | 2,953 | ​ | ​ | 23,718
Total costs and expenses | ​ |  | 1,713,488 | ​ | ​ | 238,427 | ​ | ​ | 250,204 | ​ | ​ | 434,079 | ​ | ​ | 2,636,198
Income/(loss) from operations | ​ | $ | 293,878 | ​ | $ | 19,295 | ​ | $ | 5,415 | ​ | $ | (164,538) | ​ | $ | 154,050
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | $ | 63,936 | ​ | $ | 18,835 | ​ | $ | 16,524 | ​ | $ | 21,753 | ​ | $ | 121,048
​ For the thirty-nine weeks ended October 1, 2024 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | The | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Cheesecake | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Factory | ​ | North | ​ | Other | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Restaurants |  | Italia |  | FRC |  | Other |  | Total
Revenues | ​ | $ | 1,992,245 | ​ | $ | 218,266 | ​ | $ | 214,850 | ​ | $ | 235,375 | ​ | $ | 2,660,736
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs and expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Food and beverage costs |  | ​ | 450,769 | ​ | ​ | 51,134 | ​ | ​ | 48,319 | ​ | ​ | 50,031 |  | ​ | 600,253
Labor expenses |  | ​ | 692,066 | ​ | ​ | 81,523 | ​ | ​ | 78,436 | ​ | ​ | 97,126 |  | ​ | 949,151
Other operating costs and expenses |  | ​ | 521,357 | ​ | ​ | 60,692 | ​ | ​ | 63,582 | ​ | ​ | 66,477 |  | ​ | 712,108
General and administrative expenses |  | ​ | — |  | ​ | — |  | ​ | — |  | ​ | 170,954 |  | ​ | 170,954
Depreciation and amortization expenses |  | ​ | 49,242 |  | ​ | 6,653 |  | ​ | 8,246 |  | ​ | 10,874 |  | ​ | 75,015
Impairment of assets and lease termination (income)/expenses |  | ​ | (1,732) |  | ​ | — |  | ​ | — |  | ​ | 155 |  | ​ | (1,577)
Acquisition-related contingent consideration, compensation and amortization expenses |  | ​ | — |  | ​ | — |  | ​ | 947 |  | ​ | 2,340 |  | ​ | 3,287
Preopening costs |  | ​ | 5,615 |  | ​ | 5,179 |  | ​ | 6,810 |  | ​ | 2,256 |  | ​ | 19,860
Total costs and expenses |  | ​ | 1,717,317 |  | ​ | 205,181 |  | ​ | 206,340 |  | ​ | 400,213 |  | ​ | 2,529,051
Income/(loss) from operations | ​ | $ | 274,928 | ​ | $ | 13,085 | ​ | $ | 8,510 | ​ | $ | (164,838) | ​ | $ | 131,685
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures | ​ | $ | 52,619 | ​ | $ | 25,068 | ​ | $ | 23,672 | ​ | $ | 19,153 | ​ | $ | 120,512
​ The following table presents information related to segment assets (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2025 |  | December 31, 2024
Total assets: | ​ | ​ | ​ | ​ | ​ | ​
The Cheesecake Factory Restaurants | ​ | $ | 1,593,858 | ​ | $ | 1,545,227
North Italia | ​ | ​ | 443,421 | ​ | ​ | 419,812
Other FRC | ​ |  | 461,416 | ​ |  | 420,957
Other | ​ |  | 742,659 | ​ |  | 655,764
Total | ​ | $ | 3,241,354 | ​ | $ | 3,041,760
​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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