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Earnings call · FY2026 Q2
Executive readout · one minute
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Management tone
Confident
Net tone +72 · low hedging
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crunch chocolate cheesecake we're especially excited about this year's flavor and believe it will resonate well with our guests turning to development we opened four restaurants during the second quarter including two north italian locations a flower child and a henry subsequent to quarter n we opened one cheesecake factory location we remain on track to open as many as 26 restaurants this year consistent with our longer term objective of seven percent annual unit growth in summary we delivered a record-setting quarter and entered the second half of the year from a position of strength our success remains rooted in the fundamentals that have defined us for decades exceptional hospitality high quality food and memorable dining experiences we are building on that foundation with menu innovation deeper guest engagement through our rewards program and operational excellence across our restaurants our results demonstrate that our strategy is working and reinforce our confidence in our ability to drive growth and create shareholder value with that i will now hand the call over to david gordon to provide an operational update thank you David second quarter increasing 2.7 percent from the prior
year and meaningfully outperforming the black box casual dining index by 350 basis points this performance contributed to average a new all-time higher already industry-leading million dollars we believe these results reflect three key areas operational execution and industry-leading retention going menu innovation and third the continued growth since launching three years ago the program has become an increasingly effective ported by a growing member base enhanced digital capability executing at a high level retention among both creates greater process deliver we believe our experience continued sale early menu updates from this new category are visiting more frequently reinforcing the importance of continued menu innovation moving on to cheesecake rewards and engagement and creating a powerful new channel for direct communication. The app is already providing guest behavior and enabling us to deliver increasingly personalized, targeted offers to drive incremental visits and improve marketing efficiency. Positive guest feedback and rising engagement reinforce our confidence in the platform as a meaningful long-term growth driver. Leveraging social media, influencer partnerships, targeted digital campaigns, and key promotional moments to amplify awareness of our menu innovation and rewards offerings. Marketing, operations, and technology helps strengthen guest engagement and brand visibility. Looking ahead, we believe the combination of operational excellence, continued menu innovation, growing rewards engagement, and increasingly sophisticated marketing capabilities position us well to sustain momentum and deliver long-term profitable growth. million dollars in comparable sales we continue to see healthy demand in new generating average weekly sales well above 200 half of the year retention has improved among both management and building on strategies and learnings that have proven effective at the cheesecake factory and flower child to develop targeted initiatives to drive improvement at north italia these include more value-oriented menu offerings and accessible price points such as lower priced pasta options and lunch specials to enhance affordability and strengthen guest perception of value. We are also increasing targeted marketing to build brand awareness and drive conversion. At the local level, we are expanding our marketing efforts through in-mall digital and community events to test these initiatives during the second half of the year. While we believe they can support and will take time over the next several quarters as we begin to see the impact of these efforts our focus is on strengthening the brand for durable long-term growth strong level profit margin for the adjusted mature north italian locations was 15.6 percent for the quarter versus 18.2 percent for the prior year the change reflects sales deleverage and higher commodity inflation continued to perform exceptionally well and once again meaningfully outpaced the fast casual segment comp sales increase of 17 percent to annualized AUVs of 5.3 million dollars. Restaurant level profit margin for the adjusted mature flower child locations was 20.1 percent in its unique positioning within fast casual. It's made from scratch menu as planned execution in our restaurants. These attributes are driving repeat visits or eating capabilities while leveraging the cheesecake factories and expertise opportunity ahead and flower child's potential for meaningful long-term growth we opened another location of the henry in wilmette a suburb of chicago to solve the demand with average weekly sales trending at 200 000 for the first six weeks for an annualized auv of over 10 million dollars let me turn the call over to matt for thank you david for results clearly above an adjusted that
was $1 year-over-year. EBITDA of $118 million and sales per operating week were 101 new unit development to 14%, and with 4% higher node dilution and increased double-2026.
SEC filing · Item 2.02
Filed Jul 28, 2026 · complete as-filed document
SEC periodic report
Filed Aug 3, 2026 · complete as-filed document