v3.26.1
Segment Information
6 Months Ended
Jun. 30, 2026
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. They 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 June 30, 2026

The

Cheesecake

Factory

North

Other

  ​ ​ ​

Restaurants

  ​ ​ ​

Italia

  ​ ​ ​

 FRC

  ​ ​ ​

Other

  ​ ​ ​

Total

Revenues

$

729,476

$

98,440

$

104,032

$

97,685

$

1,029,633

Costs and expenses:

Food and beverage costs

 

158,674

22,301

23,187

19,685

223,847

Labor expenses

 

237,383

37,134

39,319

37,639

351,475

Other operating costs and expenses

 

186,371

26,386

31,242

28,689

272,688

General and administrative expenses

 

65,592

65,592

Depreciation and amortization expenses

 

17,526

3,624

3,598

4,355

29,103

Impairment of assets and lease termination expenses

 

11

3

110

124

Acquisition-related contingent consideration, compensation and amortization expenses

 

315

920

1,235

Preopening costs

 

1,509

2,255

2,412

785

6,961

Total costs and expenses

 

601,474

91,700

100,076

157,775

951,025

Income/(loss) from operations

$

128,002

$

6,740

$

3,956

$

(60,090)

$

78,608

Capital expenditures

$

21,513

$

13,913

$

2,234

$

5,270

$

42,930

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 twenty-six weeks ended June 30, 2026

  ​ ​ ​

The

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Cheesecake

Factory

North

Other

Restaurants

Italia

FRC

Other

Total

Revenues

$

1,419,949

$

187,919

$

208,554

$

192,044

$

2,008,466

Costs and expenses:

Food and beverage costs

 

309,832

 

42,565

 

46,219

 

37,481

 

436,097

Labor expenses

 

475,737

 

70,555

 

78,488

 

74,464

 

699,244

Other operating costs and expenses

 

366,668

 

51,103

 

61,906

 

57,364

 

537,041

General and administrative expenses

 

 

 

 

129,523

 

129,523

Depreciation and amortization expenses

 

34,696

 

6,818

 

6,963

 

8,610

 

57,087

Impairment of assets and lease termination expenses

 

568

 

 

5

 

380

 

953

Acquisition-related contingent consideration, compensation and amortization expenses

 

 

 

631

 

1,806

 

2,437

Preopening costs

 

2,924

 

4,169

 

4,143

 

1,195

 

12,431

Total costs and expenses

 

1,190,425

 

175,210

 

198,355

 

310,823

 

1,874,813

Income/(loss) from operations

$

229,524

$

12,709

$

10,199

$

(118,779)

$

133,653

Capital expenditures

$

43,513

$

21,506

$

11,025

$

10,263

$

86,307

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

The following table presents information related to segment assets (in thousands):

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 30, 2025

Total assets:

The Cheesecake Factory Restaurants

$

1,518,985

$

1,636,027

North Italia

467,198

441,827

Other FRC

 

477,440

 

447,978

Other

 

830,551

 

735,840

Total

$

3,294,174

$

3,261,672