The Cheesecake Factory Incorporated (CAKE) Earnings Report, Financial Results, Financial analysis

The Cheesecake Factory Incorporated reported in the second quarter of 2023 net earnings per share of $0.87 an increase by 74 % year on year from $0.50 and an improvement of 55.36 % from $0.56 realized in I. Quarter (Apr 04 2023).

*second quarter of 2023*
Earnings Per Share	Revenues
$ 0.87	$ 866 Mill
$+0.37 +74 %	$+34M +4.03 %

The Cheesecake Factory Incorporated's Revenue rose by 4.03 % in second quarter of 2023 (Jul 04 2023) year on year, to $866 million and advanced by 0.01 % sequentially.

The Cheesecake Factory Incorporated is Expected to report next financial results on November 01, 2023.

More on CAKE's Income Statement

CAKE's NET INCOME

The Cheesecake Factory Incorporated's net income of $42.675 million in the second quarter of 2023 increased by 66.34 % from net earnings of $25.656 million achieved in II. Quarter a year ago.

Sequentially net earnings grew by 52.14 % from net income of $28.050 million realized in previous quarter.

More on CAKE's Growth

The Cheesecake Factory Incorporated Inventories
Inventories grew by 16.41 % to $61 million from II. Quarter a year ago, sequentially inventories rose by 3.19 %. In Jul 04 2023 company's net cash and cash equivalents decreased by $-25 million, capital expenditures fell by 42.89%, to $-25 millions compare to same quarter a year ago and rose by -34.70% from I. Quarter (Apr 04 2023).

More on CAKE's Cash flow Statement

Earnings quality

The Cheesecake Factory Incorporated payed out dividend of $1.11 per share in last 52 weeks representing 76.55 % of net earning per share in trailing twelve-month period.

During the same period The Cheesecake Factory Incorporated earned $ 3.58 cash per share, on a free-cash flow basis 247.18 % of net earning per share.

Book value grew by 10.23 % sequentially to $6.64 per share, -31.96% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 1.51 per share from $ 0.97.

Company repurchased 0.69 million shares or 1.39 % in Jul 04 2023.
Debt Coverage Ratio was 0.2.

• More on CAKE's Dividends

Market Capitalization (Millions)	1,420
Shares Outstanding (Millions)	49
Total Debt (Millions $)	469
Revenue (TTM) (Millions $)	3,033
Net Income (TTM) (Millions $)	90
Cash Flow (TTM) (Millions $)	-103
Capital Exp. (TTM) (Millions $)	-130
Dividend TTM ($)	1.11 $
Dividend Yield TTM (%)	3.87 %
Employees (TTM) $	-

Earnings quality

The Cheesecake Factory Incorporated payed out dividend of $1.11 per share in the last 52 weeks representing 76.55 % of net earning per share in trailing twelve-month period.

During the same period The Cheesecake Factory Incorporated had $ 3.58 cash flow per share, on a free-cash flow basis 247.18 % of net earning per share.

Book value grew by 10.23 % sequentially to $6.64 per share, -31.96% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 1.51 per share from $ 0.97.

Company repurchased 0.69 million shares or 1.39 % in Jul 04 2023.
Debt Coverage Ratio was 0.2.

• More on CAKE's Balance Sheets

Market Capitalization (Millions)	1,420
Shares Outstanding (Millions)	49
Total Debt (Millions $)	469
Revenue (TTM) (Millions $)	3,033
Net Income (TTM) (Millions $)	90
Cash Flow (TTM) (Millions $)	-103
Capital Exp. (TTM) (Millions $)	-130
Dividend TTM ($)	1.11 $
Dividend Yield TTM (%)	3.87 %
Employees (TTM) $	-

The Cheesecake Factory Incorporated

CAKE's Financial Statements and Analysis