The Cheesecake Factory(US:CAKE)2023-11-02 03:48Growth Strategy - The company aims for significant growth, projecting as many as 16 new units in 2023 across various concepts[16] - North Italia has the potential for 200 domestic locations over time[11] - The company sees an opportunity for 300 domestic locations over time and continued international expansion[8] - The company expects 7% annual unit growth driven by diversified growth engines[56] Financial Performance & Metrics - North Italia's 3Q23 comp sales increased by 8% compared to 3Q22 and 28% compared to 3Q19[12] - North Italia's annualized average unit volume equates to approximately $11.9 million[49] - The Cheesecake Factory's off-premise sales are approximately $2.5 million per restaurant annualized based on 3Q23[35] - The company targets a net income margin of approximately 3.9% at stated sales level[54] - The company projects consolidated sales of approximately $3.45 billion[53] Brand & Operations - The Cheesecake Factory menu has 235 items made fresh, from scratch[18] - North Italia has an alcohol mix of approximately 25%[11]