Cheesecake Factory (CAKE) Earnings Transcript

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Wednesday, Feb. 18, 2026, astatine 5 p.m. ET

• Chairman and Chief Executive Officer — David M. Overton

• President — David M. Gordon

• Executive Vice President and Chief Financial Officer — Matthew Eliot Clark

David M. Overton, our Chairman and Chief Executive Officer, David M. Gordon, our President, and Matthew Eliot Clark, our Executive Vice President and Chief Financial Officer. Before we begin, fto maine rapidly punctual you that during this call, items volition beryllium discussed that are not based connected humanities facts and are considered forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could beryllium materially antithetic from those stated oregon implied successful forward-looking statements arsenic a effect of the factors elaborate successful today's property release, which is disposable connected our website astatine investors.thecheesecakefactory.com and successful our filings with the Securities and Exchange Commission.

All forward-looking statements made connected this telephone talk lone arsenic of today's date, and the institution undertakes nary work to update immoderate forward-looking statements. In addition, during this league call, we volition beryllium presenting results connected an adjusted ground which exclude acquisition-related items, impairment of assets and lease termination expenses, and different items. Explanations of our usage of non-GAAP fiscal measures and reconciliations to the astir straight comparable GAAP measures look successful our property merchandise connected our website arsenic antecedently described. David M. Overton volition statesman today's telephone with immoderate opening remarks, and David M. Gordon volition supply an operational update.

Matthew Eliot Clark volition past reappraisal our 4th fourth fiscal results and supply commentary connected our fiscal outlook earlier opening the telephone up to questions. With that, I crook the telephone implicit to David M. Overton. Thank you, Etienne. We closed retired the twelvemonth with a coagulated 4th fourth delivering unchangeable apical enactment performance

David M. Overton: and profitability. While the edifice manufacture continued to look a much challenging operating environment, including weather-related impacts, our concern remains dependable with gross for the 4th finishing wrong our expected range. I americium precise arrogant of however our teams navigated done the situation and proceed to present delicious memorable experiences for our guests. Our operators managed the factors wrong their power exceptionally well, driving year-over-year improvements successful labour productivity, wage management, retention, and impermanent satisfaction. This beardown operational execution supported margins and adjusted diluted nett income per stock finishing toward the higher extremity of our expectations. This show reflects the resilience of our high-quality concepts and the spot of our operators.