The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2022 and Provides Business Update
Retrieved on:
Wednesday, February 22, 2023
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2022, which ended on January 3, 2023.
Key Points:
- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2022, which ended on January 3, 2023.
- Total revenues were $892.8 million in the fourth quarter of fiscal 2022 compared to $776.7 million in the fourth quarter of fiscal 2021.
- The fourth quarter of fiscal 2022 included 14 weeks compared to 13 weeks in the fourth quarter of fiscal 2021; the additional week in fiscal 2022 contributed approximately $78.4 million of sales.
- In addition, one Cheesecake Factory restaurant opened internationally in Mexico under a licensing agreement during the fourth quarter of fiscal 2022.