起司工坊 2025年季度报告

Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange THE CHEESECAKE FACTORY INCORPORATEDINDEX PARTIFINANCIAL INFORMATIONItem1.Financial Statements: Condensed Consolidated Balance Sheets (Unaudited)Condensed Consolidated Statements of Income (Unaudited)Condensed Consolidated Statements of Comprehensive Income (Unaudited)Condensed Consolidated Statements of Stockholders’ Equity (Unaudited)Condensed Consolidated Statements of Cash Flows (Unaudited)Notesto Condensed Consolidated Financial Statements (Unaudited)Item2.Management’s Discussion and Analysis of Financial Condition and Results ofOperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and Procedures PARTIIOTHER INFORMATION30Item1.Legal Proceedings30Item1A.Risk Factors30Item2.Unregistered Sales of Equity Securities and Use of Proceeds32Item5.Other Information32Item6.Exhibits33 34 Signatures PARTI — FINANCIAL INFORMATION THE CHEESECAKE FACTORY INCORPORATEDCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except share and per share data) THE CHEESECAKE FACTORY INCORPORATEDCONDENSED CONSOLIDATED STATEMENTS OF INCOME THE CHEESECAKE FACTORY INCORPORATEDCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THE CHEESECAKE FACTORY INCORPORATEDCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY THE CHEESECAKE FACTORY INCORPORATEDCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS THE CHEESECAKE FACTORY INCORPORATEDNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of The CheesecakeFactory Incorporated and its wholly owned subsidiaries (referred to herein collectively as the “Company,” “we,”“us” and “our”) and are prepared in accordance with accounting principles generally accepted in the United Statesof America (“GAAP”). All intercompany accounts and transactions for the periods presented have beeneliminated in consolidation. The unaudited financial statements presented herein include all material adjustments(consisting of normal recurring adjustments) which are, in the opinion of management, necessary for the fairstatement of the financial condition, results of operations and cash flows for the period. However, these results We utilize a 52/53-week fiscal year ending on the Tuesday closest to December 31 for financialreporting purposes. Fiscal year 2025 consists of52weeks and will end on December 30, 2025. Fiscal year 2024, In the first quarter of fiscal year 2025, we separately disclosed interest expense, net and other income,net on the condensed consolidated statement of income. Corresponding prior year balances were reclassified to Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates andassumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect Geopolitical and Other Macroeconomic Impacts to our Operating Environment In recent years, our operating results were impacted by geopolitical and macroeconomic events, causingsupply chain challenges and significantly increased commodity and wage inflation. Our commodity and wage The impact of ongoing geopolitical and macroeconomic events could lead to further wage inflation,product and services cost inflation, disruptions in the supply chain, staffing challenges, shifts in consumerbehavior, and delays in new restaurant openings. Adverse weather conditions and natural disasters may furtherexacerbate a number of these factors. For more information regarding the risks to our business relating to the Recent Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting StandardsUpdate (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which updatesincome tax disclosures related to the rate reconciliation and requires disclosure of income taxes paid byjurisdiction. The update also provides further disclosure comparability. The amendment is effective for fiscal In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting ComprehensiveIncome - Expense Disaggregation Disclosures (Subtopic 220-40), which requires more detailed disclosures ofcertain categories of expenses such as inventory purchases, employee compensation and depreciation that arecomponents of existing expense captions presented on the face of the income statement. The amendment is In November 2024, the FASB issued ASU 2024-04, Debt - Debt with Conversion and Other Options(Topic 470): Induced Conversions of Convertible Debt Instruments, which clarifies the requirements fordetermining whether certain settlements of convertible debt instruments should be accounted for as an inducedconversion. The ASU also clarifies that the induced conversion guidance applies to a convertible debt instrumentthat is no