Financial Data and Key Metrics Changes - The Cheesecake Factory reported total revenues of $907 million for Q3 2025, finishing near the midpoint of the guidance range [11] - Adjusted net income margin was 3.7%, exceeding the high end of the guidance [12] - GAAP diluted net income per share was $0.66, while adjusted diluted net income per share was $0.68 [14] Business Line Data and Key Metrics Changes - Comparable sales at The Cheesecake Factory restaurants increased by 0.3%, with total sales reaching $651.4 million, up 1% from the prior year [4][12] - North Italia's total sales were $83.5 million, up 16% from the prior year, with comparable sales declining by 3% [10][12] - Flower Child experienced a 7% increase in comparable sales, translating into annualized AUVs of $4.6 million [10][12] Market Data and Key Metrics Changes - The Cheesecake Factory's annualized unit volumes averaged over $12 million [4] - North Italia's annualized AUVs reached $7.3 million [9] - Flower Child's restaurant-level profit margins improved by 140 basis points year over year to 17.4% [11] Company Strategy and Development Direction - The company plans to open as many as 25 new restaurants in 2025 and 26 new restaurants in 2026, focusing on delivering exceptional food and service [6][17] - The strategic focus on menu innovation is seen as a key differentiator, with new menu offerings resonating well with consumers [5][8] - The company aims to enhance the guest experience through a dedicated rewards app, expected to launch in the first half of 2026 [78] Management's Comments on Operating Environment and Future Outlook - Management noted a softer macro and consumer environment but emphasized stable overall performance and healthy demand for their concepts [4][20] - The company anticipates total revenues for Q4 2025 to be between $940 million and $955 million, reflecting a cautious outlook due to recent industry trends [15] - Management expressed confidence in navigating the dynamic macro environment, citing strong execution and a resilient business model [20] Other Important Information - The Cheesecake Factory's restaurant-level profit margin increased by 60 basis points year over year to 16.3% [5] - The company returned $13.8 million to shareholders through dividends and stock repurchases [12] - Total available liquidity at the end of the quarter was approximately $556.5 million [14] Q&A Session Summary Question: What is driving the caution in consumer behavior? - Management indicated that the caution is primarily related to traffic trends, with stable day parts but a slight decline in overall traffic [22] Question: Can you provide the breakdown of comps for The Cheesecake Factory and North Italia? - For The Cheesecake Factory, pricing was about 4%, traffic was negative 2.5%, and mix was positive [24] - For North Italia, pricing was 4%, mix was negative 1%, and traffic was negative 6% [25] Question: What is the outlook for commodity inflation in Q4? - Commodity inflation was flat in Q3, but is expected to rise to about 2% in Q4, primarily driven by beef prices [27] Question: How is the company addressing the lower price points in the menu? - Management plans to continue promoting lower price point items and menu innovation to attract customers [32] Question: Are there any changes in labor demand and retention? - The company has not seen changes in labor demand and continues to experience strong applicant flow and low turnover [75] Question: What are the expectations for the loyalty program and app? - The loyalty program is expected to contribute positively in 2026, with the app aimed at enhancing guest experience and engagement [82]

Welcome back to another episode of Earnings Allstars. And this week is huge. We're getting the Mag Sevens.I've already covered those last week. Go see the video on the Mag Seven charts. I think that's what it's called.Five or six Mag Seven charts, something like that. Go check that one out. But there's a lot going on other than the Mag Seven this week.And I'm bringing you two videos this week to try to cover at least 10 of those stocks. And I'll have many more on my Twitterx feed, on Stock Twits, on Blue Sk ...

INVESTOR PRESENTATION October 28, 2025 SAFE HARBOR STATEMENT / NON-GAAP INFORMATION Non-GAAP Financial Measures In addition to the results provided in accordance with the Generally Accepted Accounting Principles ("GAAP") in this presentation, the Company is providing non-GAAP measurements which present free cash flow, adjusted net income, adjusted diluted net income per common share, adjusted net income margin and adjusted earnings before interest, tax, depreciation and amortization ("EBITDA"). The non-GAAP ...

Core Insights - The chain reported a profit of $31.9 million amid a softer operating environment for the restaurant industry [1] Company Performance - The reported profit of $31.9 million indicates the company's ability to maintain profitability despite challenges [1] Industry Context - The operating environment for the restaurant industry is described as softer, suggesting potential headwinds affecting overall performance [1]

Core Insights - Nostalgia can attract customers but is insufficient for repeat business if food quality and value do not meet expectations [1][2] - Brands are leveraging nostalgic marketing to provide comfort amid economic uncertainty and political unrest [2] - Denny's is experiencing challenges in maintaining relevance despite its nostalgic appeal, leading to restaurant closures [3][4] Financial Performance - Denny's reported total operating revenue of $117.7 million for the second quarter, up from $115.9 million year-over-year [5][8] - The chain's domestic same-restaurant sales decreased by 1.3% compared to the previous year, while Keke's saw a 4% increase [8] - Denny's net income was $2.5 million, translating to $0.05 per diluted share, with adjusted net income of $4.8 million or $0.09 per share [8] Strategic Actions - Denny's plans to close dozens of additional locations, with closed locations averaging $1.1 million in sales [7] - The closures are part of a strategy to enhance overall profitability and improve brand health [5][7]

Core Viewpoint - Starbucks is expected to report a significant decline in fourth-quarter earnings, with a projected 31% decrease compared to the previous year [2] Financial Performance - The consensus EPS estimate for Starbucks is $0.55 [2] - Revenue is anticipated to reach $9.35 billion, reflecting a year-on-year improvement of 3.1% [2]

Core Viewpoint - Investor optimism is declining ahead of Starbucks Corporation's fourth-quarter earnings, with growing caution regarding 2026 expectations [1] Earnings Expectations - Consensus earnings per share (EPS) have decreased by 37% over the past 12 months, with ongoing revision risks [2] - The analyst projects fourth-quarter 2025 EPS at 55 cents, slightly below the consensus of 57 cents [3] Same-Store Sales Projections - North America same-store sales are expected to decline by 1.0%, compared to the Street's estimate of a 0.5% decline [3] - International same-store sales are projected to increase by 2.0%, aligning with Street estimates [4] 2026 Guidance and Operating Costs - There is uncertainty regarding whether Starbucks will provide 2026 guidance during the fourth-quarter call, with expectations for a more comprehensive update at an Investor Day in early 2026 [3] - The analyst has lowered the 2026 EPS estimate to $2.34, which is the second-lowest among 31 analysts, compared to a consensus of $2.59 [4] - Per-store operating expenses are anticipated to rise by approximately 7% in 2025, with mid-single-digit growth expected in 2026, including $500 million allocated for labor [5] Competitive Landscape and Traffic Concerns - The analyst notes that tougher competition and ongoing price-value concerns may impact traffic, which is projected to be healthier in 2026 but still below consensus expectations [5] - Street models underestimate 2026 store operating expenses by only 2.5%, with every 100 basis points of weekly operating expense growth reducing EPS by roughly 10 cents [5] Stock Performance - Starbucks shares were trading lower by 1.31% at $86.07 [6]

Core Viewpoint - Investor optimism is declining ahead of Starbucks Corporation's fourth-quarter earnings, with growing caution regarding 2026 expectations [1] Earnings Expectations - Consensus earnings per share (EPS) have decreased by 37% over the past 12 months, with ongoing revision risks [2] - The analyst projects fourth-quarter 2025 EPS at 55 cents, slightly below the consensus of 57 cents [3] Same-Store Sales Projections - North America same-store sales are expected to decline by 1.0%, compared to the Street's estimate of a 0.5% decline [3] - International same-store sales are projected to increase by 2.0%, aligning with Street estimates [4] 2026 Guidance and Operating Costs - There is uncertainty regarding whether Starbucks will provide 2026 guidance during the fourth-quarter call, with expectations for a more comprehensive update at an Investor Day in early 2026 [3] - The analyst has lowered the 2026 EPS estimate to $2.34, which is the second-lowest among 31 analysts, compared to a consensus of $2.59 [4] Traffic and Competition - Management anticipates improved traffic from the "green apron service" initiative, which aims to enhance operational efficiency [4] - Despite projections for healthier 2026 traffic, it remains below consensus expectations due to increased competition and ongoing price-value concerns [5] Operating Expenses - Per-store operating expenses are expected to rise by approximately 7% in 2025, with mid-single-digit growth anticipated in 2026, including $500 million allocated for labor [5] - The analyst notes that the Street underestimates 2026 store operating expenses by about 2.5% [5] Stock Performance - Starbucks shares were trading down by 1.31% to $86.07 [6]

Core Viewpoint - Starbucks Corporation (NASDAQ:SBUX) is undergoing a turnaround similar to Nike, with CEO Brian Niccol emphasizing that this process will take time [2]. Group 1: Company Performance - The recent sluggishness in Starbucks shares is attributed to analyst over-optimism rather than the actual turnaround progress [2]. - There is a belief that the current quarter may be the last challenging period for Starbucks, with expectations for a positive outlook by 2026 [3]. Group 2: Investment Perspective - While Starbucks is seen as a potential investment, there is a conviction that certain AI stocks may offer higher returns with limited downside risk [3].

The fried chicken wars are leaving KFC "irrelevant." Bloomberg's @redd_brown55 reports that the company has a plan for a comeback: Ditch the bones https://t.co/JFk0sqffmX https://t.co/qgvUK3cTKq ...