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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 904M | 1.4% |
Gross Profit | 525M | 4.2% |
Cost of Revenue | 379M | 2.2% |
Operating expense | 300M | 0.2% |
Net Income | 52M | 58% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 2.88B | 1.5% |
Total Liabilities | 2.51B | 0% |
Total Equity | 374M | 12.5% |
Shares Outstanding | 51M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 28M | 58.5% |
Cash from investing | -29M | 21.2% |
Cash from financing | -18M | 29.9% |
EPS
Financial Highlights for The Cheesecake Factory in Q2 '24
The Cheesecake Factory reported a revenue of 904M, which is a 1.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 525M, marking a 4.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 379M, a -2.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 300M, showing a 0.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 52M, showing a 58% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for The Cheesecake Factory with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.