起司工坊 2025年度报告

FORM10-K ☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGEACT OF 1934 ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGEACT OF 1934 THE CHEESECAKE FACTORY INCORPORATED(Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☒ Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ The aggregate market value of the voting stock held by non-affiliates of the registrant as of the last business day of the second fiscal quarter, July 1,2025, was $2,906,437,670 (based on the last reported sales on The Nasdaq Stock Market on that date). As of February17, 2026, 49,859,091 shares of the registrant’s Common Stock, $.01 par value per share, were outstanding. DOCUMENTS INCORPORATED BY REFERENCE Parts II andIII of this Form10-K incorporate by reference information from the registrant’s proxy statement for the annual meeting of stockholdersexpected to be held on May 28, 2026. THE CHEESECAKE FACTORY INCORPORATEDINDEX PARTIItem 1. BusinessItem1A.Risk FactorsItem1B.Unresolved Staff CommentsItem1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PARTIIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquitySecurities38Item 6. Reserved40Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations40Item7A.Quantitative and Qualitative Disclosures About Market Risk51Item 8.Financial Statements and Supplementary Data52Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure52Item9A.Controls and Procedures52Item9B.Other Information53Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections53 PARTIIIItem10.Directors, Executive Officers and Corporate Governance54Item11.Executive Compensation54Item12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters54Item13.Certain Relationships and Related Transactions, and Director Independence54Item14.Principal Accountant Fees and Services54 PARTIVItem15.Exhibits, Financial Statement Schedules55Item16.Form10-K Summary55 PARTI Forward-Looking Statements Certain information included in this Form 10-K and other materials we have filed or may file with theSecurities and Exchange Commission (“SEC”), as well as information included in oral or written statements made byus or on our behalf, may contain forward-looking statements about our current and presently expected performancetrends, growth plans, business goals and other matters.