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Cheesecake Factory CAKE The Cheesecake Factory — Pre Opening Costs

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$1.91M-28.6%
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$1.73M-38.0%
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$410K-67.6%

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Other financials

Income statement

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Revenue$978.8M+5.6%
Gross profit$586.2M+0.2%
Operating income$55.0M+5.9%
Net income$49.5M+50.4%
EPS (diluted)$1.02+52.2%

Balance sheet

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Cash & equivalents$235.1M+73.6%
Total debt$2.1B+1.9%
Total equity$459.2M+35.3%
Total assets$3.3B+6.0%

Cash flow

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Operating cash flow$96.7M+22.6%
CapEx$43.4M+1.3%
Free cash flow$53.3M+47.8%

Valuation

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Market cap$3.83B+8.6%

Profitability

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Gross margin75.9%-1.9pp
Operating margin5%-0.3pp
Net margin4.3%0.0pp
FCF margin4.5%+1.3pp

Returns & leverage

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Return on equity41.3%-5.3pp
Debt / equity4.7×-1.5×
Current ratio0.6×+0.1×

Where this comes from

Reported directly by Cheesecake Factory in its filing.

Tagged under the XBRL concept us-gaap:PreOpeningCosts.

The official record: Cheesecake Factory’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cheesecake Factory's the cheesecake factory — pre opening costs?
Cheesecake Factory (CAKE) reported the cheesecake factory — pre opening costs of $1.42M in Q1 2026.
How has Cheesecake Factory's the cheesecake factory — pre opening costs changed year-over-year?
Cheesecake Factory's the cheesecake factory — pre opening costs increased by 4.8% year-over-year, from $1.35M to $1.42M.
What is the long-term trend for Cheesecake Factory's the cheesecake factory — pre opening costs?
Over 3 years (2022 to 2025), Cheesecake Factory's the cheesecake factory — pre opening costs has grown at a 2.5% compound annual growth rate (CAGR), from $9.53M to $10.25M.
What does the cheesecake factory — pre opening costs mean?
These are the expenses incurred to prepare new restaurant locations for operation, including staff training and initial marketing before the grand opening. High levels of these costs indicate an aggressive expansion strategy and future growth potential.