The Cheesecake Factory has posted a solid lift in fourth-quarter revenue, though declining comparable sales signal continued pressure on traffic in the casual dining sector.

For the 13 weeks ended December 30, total revenue rose to $961.6 million, up from $921.0 million in the prior year. The uplift was partly supported by approximately $17.3 million in gift card breakage revenue tied to changes in redemption patterns.

However, comparable sales at Cheesecake Factory restaurants declined 2.2 per cent year-on-year, reflecting softer guest traffic and ongoing macroeconomic headwinds impacting discretionary dining spend.

The company opened seven new restaurants during the quarter, contributing to approximately 7 per cent unit growth for the full fiscal year. 

“Despite a more challenging operating environment across the restaurant industry, including weather-related impacts, revenue for the quarter finished within our expected range,” said David Overton, chairman and CEO. 

“Our operators remained focused on the factors within their control, delivering year-over-year improvements in labor productivity, wage management, hourly staff and manager retention, and guest satisfaction.” 

Looking ahead, it plans to open up to 26 new restaurants in fiscal 2026, including locations under its Cheesecake Factory brand as well as concepts operated by North Italia, Flower Child and Fox Restaurant Concepts.