Cheesecake Factory (CAKE) Misses Q4 EPS by 1c
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The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2022 and Provides Business Update
February 22, 2023 4:15 PM ESTCALABASAS HILLS, Calif.--(BUSINESS WIRE)-- 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. Net loss and diluted net loss per common share were $3.3 million and $0.07, respectively, in the fourth quarter of fiscal 2022.
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