Form 8-K

8-K — CHEESECAKE FACTORY INC

Accession: 0001104659-26-051574

Filed: 2026-04-29

Period: 2026-04-23

CIK: 0000887596

SIC: 5812 (RETAIL-EATING PLACES)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — tm2612833d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2612833d1_ex99-1.htm)

EX-99.2 — EXHIBIT 99.2 (tm2612833d1_ex99-2.htm)

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8-K — FORM 8-K

8-K (Primary)

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0000887596

2026-04-23

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

April 23, 2026

THE CHEESECAKE

FACTORY INCORPORATED

(Exact name of registrant as specified in its

charter)

Delaware

0-20574

51-0340466

(State

or other jurisdiction

(Commission

(IRS

Employer

incorporation)

File

Number)

Identification

No.)

26901

Malibu Hills Road

Calabasas Hills,

California

91301

(Address

of principal executive offices)

(Zip

Code)

Registrant’s telephone number, including

area code (818) 871-3000

Not Applicable

(Former name or former address, if changed since

last report.)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading

Symbol(s)

Name of each exchange on which registered:

Common

Stock, par value $.01 per share

CAKE

The

Nasdaq Stock Market LLC

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2

of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ¨

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

The following information under Item 2.02 of

Form 8-K, “Results of Operations and Financial Condition” and Item 7.01 of Form 8-K, “Regulation FD Disclosure”

is intended to be furnished. This information shall not be deemed “filed” for purposes of Section 18 of the Securities

Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act

of 1933, as amended, or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation

language in the filing.

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

In a press release dated April 29, 2026, a copy

of which is furnished as Exhibit 99.1 to this report, The Cheesecake Factory Incorporated (the “Company”) reported financial

results for the first quarter of fiscal 2026, which ended on March 31, 2026.

ITEM 7.01 REGULATION FD DISCLOSURE

On April 29, 2026, the Company posted an updated

Investor Presentation on the Company’s Investor Relations website at investors.thecheesecakefactory.com. A copy of the presentation

is furnished as Exhibit 99.2 hereto and is incorporated by reference herein.

ITEM 8.01 OTHER EVENTS

On April 23,

2026, the Board of Directors of the Company (the “Board”) declared a quarterly cash dividend of $0.30 per share, which will

be paid on May 26, 2026 to the stockholders of record of each share of the Company’s common stock at the close of business on May

13, 2026. Future decisions to pay or to increase or decrease dividends are at the discretion of the Board and will depend upon operating

performance and other factors.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)

Exhibits

99.1

Press

release dated April 29, 2026 entitled “The Cheesecake Factory Reports Results for First Quarter of Fiscal 2026”

99.2

The

Cheesecake Factory Investor Presentation dated April 29, 2026

104.1

Cover Page Interactive Data

File (embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities

Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 29, 2026

THE CHEESECAKE FACTORY INCORPORATED

By:

/s/ Matthew E. Clark

Matthew E. Clark

Executive Vice President and Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2612833d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE

Contact: Etienne Marcus

(818) 871-3000

investorrelations@thecheesecakefactory.com

THE CHEESECAKE

FACTORY REPORTS RESULTS FOR

FIRST QUARTER

OF FISCAL 2026

CALABASAS HILLS, Calif. – April 29,

2026 – The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the first quarter of fiscal

2026, which ended on March 31, 2026.

Total revenues were $978.8 million in the

first quarter of fiscal 2026 compared to $927.2 million in the first quarter of fiscal 2025. Net income and diluted net income per

share were $49.5 million and $1.02, respectively, in the first quarter of fiscal 2026.

The Company recorded a pre-tax net expense of

$2.0 million related to impairment of assets and lease termination expenses, and Fox Restaurant Concepts (“FRC”) acquisition-related

items. Excluding the after-tax impact of these items, adjusted net income and adjusted diluted net income per share for the first quarter

of fiscal 2026 were $51.1 million and $1.05, respectively. Please see the Company’s reconciliation of non-GAAP financial measures

at the end of this press release.

Comparable restaurant sales at The Cheesecake

Factory restaurants increased 1.6% year-over-year in the first quarter of fiscal 2026.

“We delivered strong first quarter results,

with revenue, margins and earnings finishing above our expectations,” said David Overton, Chairman and Chief Executive Officer.

“Our top-line performance was led by comparable sales growth at The Cheesecake Factory restaurants, which outperformed the broader

casual dining industry in the quarter. These results, delivered in a competitive environment and despite significant weather-related impacts,

reflect the resilient demand for the distinct, high-quality dining experiences we provide our guests and strong affinity for our namesake

concept. At the same time, execution within our restaurants was excellent, with operators driving year-over-year improvements in labor

productivity and food efficiency, supporting solid flow-through to profitability.”

Mr. Overton continued, “For more than

four decades, our approach has been grounded in a commitment to taking care of our guests and each other, delivering exceptional hospitality

and memorable dining experiences that set our concepts apart. We are honored to be recognized on the Fortune magazine ‘100 Best

Companies to Work For’ list for the 13th consecutive year, a distinction that reflects the strength of our culture, how

our teams bring our values to life across our restaurants every day, and reinforces our position as an employer of choice.”

26901 Malibu Hills

Road, Calabasas Hills, CA 91301 · Telephone (818) 871-3000

Development

During the first quarter of fiscal 2026, the Company

opened one North Italia, one Flower Child, one FRC restaurant, and one The Cheesecake Factory restaurant opened internationally under

a licensing agreement in Guadalajara, Mexico. Subsequent to quarter-end, the Company opened one North Italia location.

The Company continues to expect to open as many

as 26 new restaurants in fiscal 2026, including as many as six The Cheesecake Factory restaurants, six to seven North Italia locations,

six to seven Flower Child locations and as many as seven FRC restaurants.

Liquidity and Capital Allocation

As of March 31, 2026, the Company had total

available liquidity of $601.6 million, including a cash balance of $235.1 million and $366.5 million of availability on its revolving

credit facility with no outstanding balance. Total principal amount of debt outstanding was $644.0 million, including $69.0 million in

principal amount of 0.375% convertible senior notes due 2026 and $575.0 million in principal amount of 2.00% convertible senior notes

due 2030.

During the first quarter of fiscal 2026, the Company

repurchased approximately 332,000 shares of its stock at a cost of $19.2 million. In addition, the Company’s Board of Directors

has declared a quarterly dividend of $0.30 per share to be paid on May 26, 2026, to shareholders of record at the close of business

on May 13, 2026.

Conference Call and Webcast

The Company will hold a conference call to review

its results for the first quarter of fiscal 2026 today at 2:00 p.m. Pacific Time. The conference call will be webcast live on the

Company’s website at investors.thecheesecakefactory.com.

About The Cheesecake Factory Incorporated

The Cheesecake Factory Incorporated is a leader

in experiential dining. We are culinary forward and relentlessly focused on hospitality. Delicious, memorable experiences created by

passionate people—this defines who we are and where we are going. We currently own and operate 371 restaurants throughout the United

States and Canada under brands including The Cheesecake Factory®, North Italia®, Flower Child®

and a collection of other FRC brands. Internationally, 36 The Cheesecake Factory® restaurants operate under licensing

agreements. Our bakery division operates two facilities that produce quality cheesecakes and other baked products for our restaurants,

international licensees and third-party bakery customers. In 2026, we were named to the FORTUNE Magazine “100 Best Companies to

Work For®” list for the thirteenth consecutive year. To learn more, visit www.thecheesecakefactory.com, www.northitalia.com,

www.iamaflowerchild.com and www.foxrc.com.

Used under license. Fortune® and Fortune 100 Best Companies to Work For® are registered trademarks of Fortune Media IP Limited

and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of,

The Cheesecake Factory Incorporated.

26901 Malibu Hills

Road, Calabasas Hills, CA 91301 · Telephone (818) 871-3000

Safe Harbor Statement

This press release

contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as codified in Section 27A

of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include,

without limitation, statements regarding the Company’s operations, growth, restaurant development and other objectives. Such forward-looking

statements include all other statements that are not historical facts, as well as statements that are preceded by, followed by or that

include words or phrases such as “believe,” “plan,” “will likely result,” “expect,” “intend,”

“will continue,” “is anticipated,” “estimate,” “project,” “may,” “could,”

“would,” “should” and similar expressions. These statements are based on current expectations and involve risks

and uncertainties which may cause results to differ materially from those set forth in such statements. Investors are cautioned that forward-looking

statements are not guarantees of future performance and that undue reliance should not be placed on such statements. These forward-looking

statements may be affected by various factors including: economic, public health and political conditions that impact consumer confidence

and spending, including government shutdowns, trade policy, interest rate fluctuations, periods of heightened inflation and market instability,

and armed conflicts; supply chain disruptions; demonstrations, political unrest, potential damage to or closure of the Company’s

restaurants and potential reputational damage to the Company or any of its brands; pandemics and related containment measures, including

the potential for quarantines or restriction on in-person dining; acceptance and success of The Cheesecake Factory in international markets;

acceptance and success of North Italia, Flower Child and Other Fox Restaurant Concepts restaurants; the risks of doing business abroad

through Company-owned restaurants and/or licensees; foreign exchange rates, tariffs and cross border taxation; changes in unemployment

rates; increases in minimum wages and benefit costs; the economic health of the Company’s landlords and other tenants in retail

centers in which its restaurants are located, and the Company’s ability to successfully manage its lease arrangements with landlords;

the economic health of suppliers, licensees, vendors and other third parties providing goods or services to the Company; the timing of

new unit development and related permitting; compliance with debt covenants; strategic capital allocation decisions including with respect

to share repurchases or dividends; the ability to achieve projected financial results; the resolution of uncertain tax positions with

the Internal Revenue Service and the impact of changes in tax laws; changes in laws impacting the

Company’s business; adverse weather conditions and natural disasters in regions in which the Company’s restaurants are located;

factors that are under the control of government agencies, landlords and other third parties; the risks, costs and uncertainties associated

with opening new restaurants; and other risks and uncertainties detailed from time to time in the Company’s filings with the Securities

and Exchange Commission (“SEC”). Forward-looking statements speak only as of the dates on which they are made, and the Company

undertakes no obligation to publicly update or revise any forward-looking statements or to make any other forward-looking statements,

whether as a result of new information, future events or otherwise, unless required to do so by law. Investors are referred to the full

discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s

latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the SEC,

which are available at www.sec.gov.

26901 Malibu Hills

Road, Calabasas Hills, CA 91301 · Telephone (818) 871-3000

The Cheesecake Factory Incorporated

Condensed Consolidated Statements of Income

(unaudited; in thousands, except per share data)

13 Weeks Ended

Consolidated Statements of Income

March 31, 2026

April 1, 2025

Amount

Percent of

Revenues

Amount

Percent of

Revenues

$ 978,833

100.0 %

$ 927,197

100.0 %

Costs and expenses:

Food and beverage costs

212,250

21.7 %

202,261

21.8 %

Labor expenses

347,769

35.5 %

331,075

35.7 %

Other operating costs and expenses

264,353

27.0 %

246,425

26.6 %

General and administrative expenses

63,931

6.5 %

59,932

6.5 %

Depreciation and amortization expenses

27,984

2.9 %

26,082

2.8 %

Impairment of assets and lease termination expenses

829

0.1 %

378

0.0 %

Acquisition-related contingent consideration, compensation and amortization expenses

1,202

0.1 %

998

0.1 %

Preopening costs

5,470

0.6 %

8,087

0.9 %

Total costs and expenses

923,788

94.4 %

875,238

94.4 %

Income from operations

55,045

5.6 %

51,959

5.6 %

Interest expense, net

(1,995 )

(0.2 )%

(2,328 )

(0.3 )%

Loss on debt extinguishment

0.0 %

(15,891 )

(1.7 )%

Other income, net

301

0.1 %

743

0.1 %

Income before income taxes

53,351

5.5 %

34,483

3.7 %

Income tax provision

3,803

0.4 %

1,542

0.1 %

Net income

$ 49,548

5.1 %

$ 32,941

3.6 %

Basic net income per share

$ 1.06

$ 0.69

Basic weighted average shares outstanding

46,585

47,526

Diluted net income per share

$ 1.02

$ 0.67

Diluted weighted average shares outstanding

48,455

49,284

26901 Malibu Hills

Road, Calabasas Hills, CA 91301 · Telephone (818) 871-3000

The Cheesecake Factory Incorporated

Selected Segment Information

(unaudited; in thousands)

For the 13 Weeks Ended March 31, 2026

The Cheesecake

Factory

North

Other

restaurants

Italia

FRC

Other

Total

Revenues

$ 690,473

$ 89,479

$ 104,522

$ 94,359

$ 978,833

Costs and expenses:

Food and beverage costs

151,158

20,264

23,032

17,796

212,250

Labor expenses

238,354

33,421

39,169

36,825

347,769

Other operating costs and expenses

180,297

24,717

30,664

28,675

264,353

General and administrative expenses

63,931

Depreciation and amortization expenses

17,170

3,194

3,365

4,255

27,984

Impairment of assets and lease terminations expense

557

270

829

Acquisition-related contingent consideration, compensation and amortization expenses

316

886

1,202

Preopening costs

1,415

1,914

1,731

410

5,470

Total costs and expenses

588,951

83,510

98,279

153,048

923,788

Income/(loss) from operations

$ 101,522

$ 5,969

$ 6,243

$ (58,689 )

$ 55,045

For the 13 Weeks Ended April 1, 2025

The Cheesecake

Factory

North

Other

restaurants

Italia

FRC

Other

Total

Revenues

$ 672,734

$ 83,410

$ 87,424

$ 83,629

$ 927,197

Costs and expenses:

Food and beverage costs

147,655

18,415

19,149

17,042

202,261

Labor expenses

233,391

31,917

31,562

34,205

331,075

Other operating costs and expenses

174,604

22,620

25,565

23,636

246,425

General and administrative expenses

59,932

Depreciation and amortization expenses

16,226

2,798

3,035

4,023

26,082

Impairment of assets and lease terminations expenses

300

378

Acquisition-related contingent consideration, compensation and amortization expenses

316

682

998

Preopening costs

1,350

2,680

2,793

1,264

8,087

Total costs and expenses

573,301

78,430

82,720

140,787

875,238

Income/(loss) from operations

$ 99,433

$ 4,980

$ 4,704

$ (57,158 )

$ 51,959

26901 Malibu Hills

Road, Calabasas Hills, CA 91301 · Telephone (818) 871-3000

The Cheesecake Factory Incorporated

Selected Operating, Restaurant and Balance Sheet Information

(unaudited; in thousands, except statistical data)

13 Weeks Ended

The Cheesecake Factory restaurants operating information:

March 31, 2026

April 1, 2025

Comparable restaurant sales vs. prior year

1.6 %

1.0 %

Restaurants opened during period

Restaurants open at period-end

216

215

Restaurant operating weeks

2,816

2,795

North Italia operating information:

Comparable restaurant sales vs. prior year

(2 )%

(1 )%

Restaurants opened during period

Restaurants open at period-end

Restaurant operating weeks

625

560

Other Fox Restaurant Concepts (FRC) operating information:(1)

Restaurants opened during period

Restaurants open at period-end

Restaurant operating weeks

720

626

Other operating information:(2)

Restaurants opened during period

Restaurants open at period-end

Restaurant operating weeks

639

583

Number of company-owned restaurants:

The Cheesecake Factory

216

North Italia

Other FRC

Other

Total

370

Number of international-licensed restaurants:

The Cheesecake Factory

(1) The Other FRC segment includes all FRC brands except Flower Child.

(2) The Other segment includes the Flower Child and Grand Lux Cafe concepts, as well as the Company's third-party bakery, international and consumer packaged goods businesses, unallocated corporate expenses and gift card costs.

Selected Consolidated Balance Sheet Information

March 31, 2026

December 30, 2025

Cash and cash equivalents

$ 235,090

$ 215,729

Current and long-term debt, net of issuance costs (1)

630,993

630,074

(1) Includes $68.9 million net balance of 0.375% convertible senior notes due 2026 (principal amount of $69 million less $0.1 million in unamortized issuance costs) and $562.1 million net balance of 2.00% convertible senior notes due 2030 (principal amount of $575 million less $12.9 million in unamortized issuance costs). The unamortized issuance costs were recorded as a contra-liability and netted with current and long-term debt on the Condensed Consolidated Balance Sheet and are being amortized as interest expense.

26901 Malibu Hills

Road, Calabasas Hills, CA 91301 · Telephone (818) 871-3000

Reconciliation of Non-GAAP Results to GAAP Results

In addition to the results provided in accordance

with accounting principles generally accepted in the United States of America (“GAAP”) in this press release, the Company

is providing non-GAAP measurements which present net income and net income per share excluding the impact of certain items. The non-GAAP

measurements are intended to supplement the presentation of the Company’s financial results in accordance with GAAP. These non-GAAP

measures are calculated by eliminating from net income and diluted net income per share the impact of items the Company does not consider

indicative of its ongoing operations. The Company uses these non-GAAP financial measures for financial and operational decision-making

and as a means to evaluate period-to-period comparisons.

The Cheesecake Factory Incorporated

Reconciliation of Non-GAAP Financial Measures

(unaudited; in thousands, except per share data)

13 Weeks Ended

March 31, 2026

April 1, 2025

Net income (GAAP)

$ 49,548

$ 32,941

Impairment of assets and lease termination expenses(1)

829

378

Acquisition-related contingent consideration, compensation and amortization expenses(2)

1,202

998

Loss on extinguishment of debt(3)

15,891

Tax effect of adjustments(4)

(529 )

(4,489 )

Adjusted net income (non-GAAP)

$ 51,050

$ 45,719

Diluted net income per share (GAAP)

$ 1.02

$ 0.67

Impairment of assets and lease termination expenses(1)

0.02

0.01

Acquisition-related contingent consideration, compensation and amortization expenses(2)

0.02

Loss on extinguishment of debt(3)

0.32

Tax effect of adjustments(4)

(0.01 )

(0.09 )

Adjusted diluted net income per share (non-GAAP)(5)

$ 1.05

$ 0.93

(1) A detailed breakdown of impairment of assets and lease termination expenses recorded in the thirteen weeks ended March 31, 2026 and April 1, 2025 can be found in the Selected Segment Information table.

(2) Represents changes in the fair value of the deferred consideration and contingent consideration and compensation liabilities related to the North Italia and FRC acquisition, as well as amortization of acquired definite-lived licensing agreements.

(3) Represents premium paid and acceleration of previously unamortized deferred financing costs as a result of partial redemption of our convertible senior notes due 2026.

(4) Based on the federal statutory rate and an estimated blended state tax rate, the tax effect on all adjustments assumes a 26% tax rate for the fiscal 2026 and 2025 periods.

(5) Adjusted net income per share may not add due to rounding.

26901 Malibu Hills

Road, Calabasas Hills, CA 91301 · Telephone (818) 871-3000

EX-99.2 — EXHIBIT 99.2

EX-99.2

Filename: tm2612833d1_ex99-2.htm · Sequence: 3

Exhibit

99.2

INVESTOR

PRESENTATION

April 29, 2026

SAFE HARBOR STATEMENT / NON-GAAP INFORMATION

Cautionary Statement Regarding Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This

includes, without limitation, financial guidance and projections, including underlying assumptions, and statements with respect to expectations of the Company’s future financial condition, results of operations, cash

flows, share repurchases, objectives, growth potential, engines and opportunities, expected growth rates and targets, market potential and total addressable market runway; growth outlook; industry-leading

comparable sales growth, retention and competitive position; quality control and supply chain efficiencies; operational execution and retention; annualized average unit volume; the Company’s differentiation and

strong foothold in the off-premise channel; the opportunity for additional domestic and foreign locations and licensees and territories; target returns for new restaurant openings; international expansion; North Italia

and Fox Restaurant Concepts (“FRC”) as growth drivers and FRC as an incubation engine; new restaurant targeted ranges and unit growth rates.

Such forward-looking statements include all other statements that are not historical facts, as well as statements that are preceded by, followed by or that include words or phrases such as “believe,” “plan,” “will likely

result,” “expect,” “intend,” “will continue,” “is anticipated,” “estimate,” “project,” “may,” “could,” “would,” “should” and similar expressions. These statements are based on current expectations and involve risks and

uncertainties which may cause results to differ materially from those set forth in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that undue

reliance should not be placed on such statements. These forward-looking statements may be affected by various factors including: economic, public health and political conditions that impact consumer confidence

and spending, including government shutdowns, trade policy, changes in interest rates, periods of heightened inflation and market instability, and armed conflicts; supply chain disruptions; demonstrations, political

unrest, potential damage to or closure of our restaurants and potential reputational damage to us or any of our brands; pandemics and related containment measures, including the potential for quarantines or

restriction on in-person dining; acceptance and success of The Cheesecake Factory in international markets; acceptance and success of North Italia, Flower Child and other FRC restaurants; the risks of doing

business abroad through Company-owned restaurants and/or licensees; foreign exchange rates, tariffs and cross border taxation; changes in unemployment rates; increases in minimum wages and benefit costs;

the economic health of our landlords and other tenants in retail centers in which our restaurants are located, and our ability to successfully manage our lease arrangements with landlords; the economic health of

suppliers, licensees, vendors and other third parties providing goods or services to us; the timing of our new unit development and related permitting; compliance with debt covenants; strategic capital allocation

decisions including with respect to share repurchases or dividends; the ability to achieve projected financial results; the resolution of uncertain tax positions with the Internal Revenue Service and the impact of

changes in tax laws; changes in laws impacting our business; adverse weather conditions and natural disasters in regions in which our restaurants are located; factors that are under the control of government

agencies, landlords and other third parties; the risks, costs and uncertainties associated with opening new restaurants; and other risks and uncertainties detailed from time to time in the Company’s filings with the

Securities and Exchange Commission (“SEC”). Forward-looking statements speak only as of the dates on which they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise, unless required to do so by law. Investors are referred to the full discussion of

risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current

Reports on Form 8-K as filed with the SEC, which are available at www.sec.gov.

Non-GAAP Financial Measures

In addition to the results provided in accordance with the Generally Accepted Accounting Principles (“GAAP”) in this presentation, the Company is providing non-GAAP measurements which present free cash flow,

adjusted net income, adjusted diluted net income per common share, adjusted net income margin and adjusted earnings before interest, tax, depreciation and amortization (“EBITDA”). The non-GAAP

measurements are intended to supplement the presentation of the Company’s financial results in accordance with GAAP. The Company believes that the presentation of these items provides additional information

to facilitate the comparison of past and present financial results. These non-GAAP measures may not be comparable to similarly-titled measures used by other companies and should not be considered in isolation

or as a substitute for measures of performance prepared in accordance with GAAP. We calculate these non-GAAP measures by eliminating from cash flow from operations, net income, diluted net income per

common share, net income margin and EBITDA the impact of items we do not consider indicative of our ongoing operations. Additionally, free cash flow, EBITDA and adjusted EBITDA exclude the impact of certain

non-cash transactions. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our inclusion of these adjusted measures

should not be construed as an indication that our future results will be unaffected by unusual or infrequent items. In the future, we may incur expenses or generate income similar to the adjusted items. Please refer

to the Appendix of this presentation for a reconciliation of non-GAAP measures to the most directly comparable financial measures prepared in accordance with GAAP.

COMPANY

OVERVIEW

INVESTMENT HIGHLIGHTS

• Experiential dining category leader with diversified growth engines

• Best-in-class operational execution and industry-leading retention

• Significant growth opportunities driving one of the highest expected growth rates

in the casual dining industry

• Strong free cash flow generation supporting consistent shareholder returns

through dividends and opportunistic share repurchases

CAKE AT A GLANCE

(1) Market data as of March 31, 2026.

(2) Represents fiscal year 2025 revenue for the twelve months ended December 30, 2025.

(3) Locations as of April 29, 2026.

From Fortune. ©2026 Fortune Media IP Limited. All rights reserved. Used under license. Fortune® and Fortune 100 Best Companies to Work For® are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited

are not affiliated with, and do not endorse products or services of, The Cheesecake Factory Incorporated.

We own and operate 371 restaurants(3) across

the US and Canada including:

• 216 The Cheesecake Factory locations

• 50 North Italia locations

• 43 Flower Child locations

• 56 Fox Restaurant Concepts locations

Our more than 48,000 staff members

helped us become one of the Fortune

“100 Best Companies to Work For®”

for the 13th consecutive year

International

CCF Locations

China

Thailand

Mexico

Bahrain

Kuwait

Saudi Arabia

Qatar | UAE

FOUNDED

1972

IPO

1992

TICKER

CAKE

REVENUE(2)

$3.8B

HEADQUARTERS

CALABASAS HILLS, CA

MARKET CAP(1)

$2.7B

PORTFOLIO OF EXPERIENTIAL DINING CONCEPTS

Cindy to update

GLOBAL FOOTPRINT

Company-Owned: 216

(Including Toronto, Canada)

Latin America

Mexico City (5)

Monterrey (1)

Guadalajara (2)

Querétaro (1)

Puebla (1)

Metepec (1)

Asia

Shanghai (3)

Beijing (1)

Chengdu (1)

Hong Kong (1)

Macau (1)

Thailand (1)

Middle East

UAE (6)

Saudi Arabia (4)

Kuwait (3)

Qatar (3)

Bahrain (1)

International – Licensed: 36

Opportunity for 300

Domestic Locations

Long runway for growth as

we continue to open in new

and existing markets

Continued International

Expansion

In existing and new markets with

current licensees and evaluating

new markets

High-quality, High-profile

Locations Worldwide

Strong presence in premier

markets with attractive consumer

demographics

High-Energy Atmosphere

Contemporary Décor

Distinct, High-Quality

Cheesecakes and Desserts

Best-in-Class Execution

Exceptional Service

Menu Breadth and Innovation

Made Fresh From Scratch

MENU OPERATIONS AMBIANCE BAKERY

A HIGHLY DIFFERENTIATED CONCEPT

INTEGRATED BAKERY – THE “CHEESECAKE” MAGIC

Enables creativity, quality control and

supply chain efficiencies

58 Varieties of

cheesecakes & 2 desserts

Bakery

production

facilities

17%

FY 2025(1)

FY 2019

(1)

(1) Percent of total sales.

Impressive Level of Dessert Sales

BEST-IN-CLASS STAFFING AND OPERATIONS

Well-positioned to attract and retain high-quality, experienced

staff as an employer of choice

• Top-tier recruiting and training programs

• Fortune ‘100 Best Companies to Work For®’ List for 13 consecutive years

• 2025 Black Box Intelligence Employer of Choice Award in Upscale Casual

• Competitive compensation, benefits and healthcare options

• High sales volume restaurants provide predictability and stability for staff

Average Tenure by Position

37 years

29 years

25 years

23 years

17 years

16 years

Executive VP of Operations

Regional Vice Presidents

Area Directors of Operations

Area Kitchen Operations Managers

General Managers

Executive Kitchen Managers

EXCEPTIONAL SERVICE AND OPERATIONAL EXECUTION SUPPORTED BY INDUSTRY-LEADING RETENTION

2025 PEOPLE’s Companies that Care Logo® is a registered trademark of TI Gotham, Inc., a Dotdash Meredith company. Used under license.

Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, The Cheesecake Factory Incorporated.

DIFFERENTIATION IN OFF-PREMISE

• Extensive menu with over 225 items made from scratch daily

• Large portions designed for sharing

• Lower incremental delivery pricing versus peers

• Fully integrated systems for better execution

• Separate bakery counter and register for pick-up of orders

Exceptional Value

Operational Execution

• Omni channel ordering – Online | Delivery | Phone | In-person

• Curbside delivery, geo-location and real-time tracking

• Redesigned to-go packaging to improve food quality

Guest Experience and Convenience

11% 16%

25% 22% 21% 21% 22%

OFF-PREMISE SALES % OF TOTAL REVENUE

OFF-PREMISE AWS FOR FY 2025(2)

(1) $2.8 million in off-premise sales per restaurant based on annualized 1Q26.

(2) Company reports and Gordon Haskett Research Advisors.

($ in thousands)

$2.8 million per restaurant (1)

LEVERAGING OUR DIFFERENTIATED POSITIONING TO

DRIVE THE HIGHEST OFF-PREMISE AVERAGE WEEKLY SALES

$10.1

$13.3

$15.5

$19.9

$20.2

$21.6

$22.0

$24.5

$26.3

$50.0

Bonefish

LongHorn

Cracker Barrel

Outback

BJ's Restaurants

Chili's

Texas Roadhouse

Carrabba's

Olive Garden

The Cheesecake Factory

ICONIC

BRAND

AND

CULT

STATUS

STRONG

CONSUMER

ENGAGEMENT

CAKE has more Instagram followers

and significantly outpaces peers in

followers relative to sales

Leveraging the STRENGTH OF

OUR BRAND across social media

channels to ENGAGE WITH OUR

CONSUMERS and further

ENHANCE BRAND AWARENESS

MILLIONS OF FOLLOWERS

(1) Instagram Follower count as of March 11, 2026.

(2) Sales represent fiscal year 2025 revenue based on latest SEC 10-K filings and company presentations.

- 200 400 600 800 1,000 1,200

$0 $75 $150 $225 $300 $375 $450

Texas Roadhouse

LongHorn

Carrabba's

BJ's Restaurants

Cracker Barrel

Chili's

Olive Garden

Yard House

Outback

Bonefish

Maggiano's

CAKE

Followers(1) (in thousands)

Followers / $M Sales(2)

Followers / $M Sales Instagram Followers

BROAD APPEAL AND BRAND AFFINITY

Diverse

Appeal

Across a broad

demographic range

Extensive

Something for every taste,

every price point

Special

Occasions

Seen as a destination for

experiential dining

Signature

Desserts

High-quality cheesecakes

and desserts

Consumers (millennials in particular)

regularly rank the Cheesecake Factory

as one of the best chain restaurants,

as well as having the best

ambiance and the best quality food.

A chain restaurant triple threat if there

was ever one.

-Vox, December 24, 2022

Sources:

(1) The Cheesecake Factory Ranks No. 1 in Casual Dining Online Reputation Study, SOCi Marketing Study, FSR Magazine, December 12, 2023.

(2) Most-Beloved Restaurant Brands in America – Savanta’s Marketing Intelligence Platform BrandVue Eating Out, FSR Magazine, October 11, 2023.

CHEESECAKE REWARDS®

Published

Offers

To support

member

acquisition and

consistent

engagement

Offered to all

rewards members

Personalized

Offers

Tailored offers based on

guest behavior and

preferences — designed

to surprise, engage, and

increase frequency

Tailored rewards offered

to all members

Marketable

Offers

Tied to cultural and brand

moments (April Fools’,

National Cheesecake Day)

that drive excitement and

broad engagement

Offered to all rewards

members

Opportunity to drive incremental traffic

To drive incremental sales and support restaurant-level margins

by leveraging data analytics to more effectively engage guests

PROGRAM

OBJECTIVE

A SURPRISE and DELIGHT program

$39 $37 $36 $32 $29 $28 $27 $24 $24 $23 $22

$15

Maggiano's Bonefish Yard House The

Cheesecake

Factory

Outback LongHorn Carrabba's Texas

Roadhouse

Olive

Garden

BJ's

Restaurants

Chili's Cracker

Barrel

With a Moderate Average Check(1)

Driving the Highest Unit Volumes in the Industry(1)

($ in millions)

16 (1) Latest SEC 10-K filings and company presentations for FY 2025.

(2) Average check for The Cheesecake Factory defined as on-premise average check for FY 2025.

$12.4

$10.0 $9.9 $8.7

$6.4 $5.6 $5.2 $4.5 $4.2 $4.0 $3.7 $3.1

The

Cheesecake

Factory

Yard House Maggiano's Texas

Roadhouse

BJ's

Restaurants

Olive Garden LongHorn Chili's Cracker

Barrel

Outback Carrabba's Bonefish

(2)

• Filling White Space for an On-Trend, Contemporary Italian Offering

• Menu features classic Italian favorites with a fresh twist from hand-tossed pizzas and

homemade pastas to crave-worthy appetizers, salads and seasonal entrees

• Unique menu items tailored to local markets

• All dishes handmade from scratch daily

• Serving lunch, dinner, weekend brunch & weekday happy hour

• Robust selection of wine, beer and craft cocktails driving ~25% alcohol mix

• Average check of mid $30s for lunch and mid $40s for dinner

• Potential for 200 domestic locations over time

• Currently have 50 locations in 16 states &

Washington D.C.

• Italian is one of the most popular ethnic cuisines

in the United States

• Targeting ~20% average annual unit growth

• Attractive return profile and sales growth

Comp Sales

1Q26 (vs. 1Q25): (2)%

FY25 (vs. FY24): (2)%

• Potential for 700 domestic locations over time

• A differentiated concept in the growing fast casual dining segment

• 43 locations in 15 states

• Targeting ~20% average annual unit growth

• A healthy, balanced dining experience with organic, gluten-free and vegan dishes

• All dishes handmade from scratch daily

• Menu features customizable bowls, wraps, salads, veggies and healthy proteins

• Attractive consumer demographic

• Significant off-premise volumes - averaging over 50% of sales

• Separate take-out area for third-party delivery and take-out business

On a simple, soul-satisfying mission to spread positively delicious vibes and healthy food.

FOX RESTAURANT CONCEPTS (FRC)

FRC HIGHLIGHTS

• Locations: 56

• Geographies 11 states

• FY 2025 Revenue(1) $355M

(1) Fiscal year 2025 revenue represents revenue for the twelve months ended December 30, 2025 and excludes revenue for Flower Child.

FRC serves as an incubator, innovating new food, dining and hospitality experiences

to create fresh, exciting concepts for the future

FRC’s experiential concepts are designed to deliver unique guest experiences across different

industry segments, occasions, square footage and geographies

Provides Diversification | Accretive Unit Growth Potential | Value Creation Opportunities

“Great hospitality, every time.”

- Sam Fox

Culinary forward. First class hospitality. Concepts like no other.

DIVERSIFYING OUR PORTFOLIO ACROSS

EXPERIENTIAL FOR GROWTH

National

Expansion

Boutique

Brands

Incubation

Stage

Testing

Growth

Global

Footprint

ACCELERATING UNIT GROWTH Accelerating Unit Growth

AS MANY AS 26 NEW UNITS IN 2026 4 NROs YTD As of April 29, 2026

North Italia Flower Child Riverton, UT The Henry Scottsdale, AZ Walnut Creek, CA

Brea, CA

FINANCIAL

PERFORMANCE

DRIVING STRONG SALES GROWTH

(1) 1Q26 Average Unit Volumes (AUV) annualized based on average weekly sales.

(2) FRC excludes Flower Child.

FY 2025

COMP SALES

AVERAGE WEEKLY

SALES (2)

FY 2025

AVERAGE WEEKLY SALES

Q1 2026

COMP SALES

AVERAGE WEEKLY SALES (2)

Q1 2026

vs 2024

0.1%

(2)%

vs 2024

vs 1Q25

1.6%

(2)%

vs 1Q25

~$245,200

Equates to $12.8M

Annualized AUV(1)

~$143,200

Equates to $7.4M

Annualized AUV(1)

~$145,200

Equates to $7.5M

Annualized AUV(1)

REVENUES

$2,689M

Up 1% from PY

$346M

Up 15% from PY

REVENUES

$355M

Up 18% from PY

Q1 2026 HIGHLIGHTS(1)

Total Revenue

$979M

Up 6% from PY

Capital Allocation

Adjusted Diluted Net

Income Per Share(1)

$1.05

Up 13% from PY

$43M

CapEx(3)

$14M

Dividends

Unit Growth

3 NROs

Restaurant

Count(2)

370

Up 4% from 355

in PY

Adjusted

EBITDA(1)

$92M

Up 5% from PY

Net Income

$50M

Up 50% from PY

Diluted Net

Income Per Share

$1.02

Up 53% from PY

$19M

Repurchases

(1) A reconciliation of Non-GAAP measures to the most directly comparable GAAP measure can be found in the appendix.

(2) Represents total company owned and operated restaurants across the US and Canada as of March 31, 2026.

(3) CapEx excludes some new restaurant construction expenses, which may be classified as operating lease assets instead of additions to property and equipment in the statement of cash flows.

2026 UNDERLYING KEY ASSUMPTIONS(1)

(1) Assumes no material operating or consumer disruptions as well as assumptions with respect to future decisions, which are subject to change. Actual results will vary and those

variations may be material.

(2) Future decisions to pay or to increase or decrease dividends or to repurchase shares are at the discretion of the Board and will be dependent on several factors.

Consolidated Sales Approximately $3.91 Billion

CCF AUVs Approximately $12.5 Million

Net Income Margin Targeting approximately 5% at the stated sales level

New Unit Growth

As many as 26 New Restaurant Openings

• ~6 The Cheesecake Factory locations

• 6-7 North Italia locations

• 6-7 Flower Child locations

• ~7 FRC restaurants

Cash Capital Expenditures Approximately $210 Million

Dividend Program Q2 2026 dividend of $0.30 per share(2)

Share Repurchase Program Offset dilution, over time, from employee stock-based

compensation and support EPS(2)

QUALITY GROWTH OPPORTUNITY

New Unit Growth Targets(1)(2)

Size(3) Sales per Sq Ft(3) Annual Unit

Growth

7,000 -10,000 ~$1,100 - $1,200 ~2% - 3%

6,000 -7,000 ~$1,100 - $1,200 ~20%

3,000 -4,000 ~$1,100 - $1,200 ~20%

6,000 -8,000 ~$1,100 ~10% - 15%

Diversified Portfolio

Differentiated experiential concepts

diversified across industry segment, price

point, cuisine, occasion and real estate

Value Creation Opportunities

Leveraging brand power, operational

excellence, scale, supply chain and real

estate development expertise

Attractive Growth Potential

Significant runway for future development

across portfolio of concepts to drive

accretive growth over time

(1) Illustrative example of new restaurant openings targeted size, sales per square foot and annual unit growth; Targets represent steady-state and typically are reached after 3 years of operations.

(2) Targets are forward-looking and are based upon assumptions that there are no material operating or consumer disruptions as well as assumptions with respect to future decisions, which are subject to change. Actual results

will vary and those variations may be material.

(3) Target size and sales per square foot are an average based on productive square feet defined as all interior square footage plus seasonally adjusted exterior patio square footage.

1% - 2%

Comparable Sales Growth

GROWTH OUTLOOK(2)

AVERAGE ANNUAL GROWTH TARGETS

7% - 8%

Top-line Revenue Growth

MARKET POTENTIAL LARGE TAM RUNWAY

# OF

LOCATIONS(1)

FY 2025

AUVS

$12.4M 216

$7.6M 50

$4.6M 43

MARKET

POTENTIAL

300

200

700

(1) Locations as of April 29, 2026.

~$3.2B

~$8.5B

FUTURE

REVENUE

OPPORTUNITY

REVENUE

GROWTH $5BPOTENTIAL

NOTABLE UPSIDE POTENTIAL

FROM OTHER GROWTH

CONCEPTS FY 2025

$146

$49 $67 $108 $155

$67

$112

$152

$160

$146

$213

$162

$218

$268 $301

'21 '22 '23 '24 '25

FINANCIAL STRENGTH TO SUPPORT

GROWTH AND RETURNS(1)

Capital Allocation Detail

Cash Flow

'20

(1) A reconciliation of Non-GAAP measures to the most directly comparable GAAP measure can be found in the appendix.

(2) Due to impact of COVID-19 pandemic on results 2021, 2022, 2023, 2024 and 2025 compare against 2019.

(3) Free cash flow, Cash Flow from Operations, Net Income and Adjusted EBITDA may not add due to rounding.

(4) CapEx excludes some new restaurant construction expenses, which may be classified as operating lease assets instead of additions to property and equipment in the statement of cash flows.

Net Income and Adjusted EBITDA(3)

'20

($ in millions)

Cash Flow From Ops Capex / Investment(4)

Free Cash Flow(3)

$72 $43 $101 $157 $148

$166 $159

$169

$172 $205

$238 $202

$270

$329 $354

'21 '22 '23 '24 '25

Adjusted EBITDA(3) Adjustments Net Income (3)

3.3%

10.5%

13.9% 14.9% 15.0%

'21 '22 '23 '24 '25

$67 $112 $152 $160 $146 $6 $63 $46 $18

$154

$42 $53 $53

$52

48,510 50,414 49,050 48,974 48,550

$100

$200

$300

$400

$500

$600

'21 '22 '23 '24 '25

Capex / Investment Share Repurchases Dividends WASO

Comparable Sales(2)

(4)

APPENDIX

NON-GAAP RECONCILIATIONS

(1) CapEx excludes some new restaurant construction expenses, which may be classified as operating lease assets instead of additions to property and equipment in the statement of cash flows.

(2) Free cash flow, EBITDA and Adjusted EBITDA may not add due to rounding.

(3) A detailed breakdown of impairment of assets and lease termination expenses recorded can be found in the Selected Segment Information table in the 10-K and 10-Q.

(4) Represents changes in the fair value of the deferred consideration and contingent consideration and compensation liabilities related to the North Italia and FRC acquisition, as well as amortization of acquired definite-lived licensing agreements.

(5) Represents gift card breakage revenue of $17.3 million as a result of a change in historical redemption patterns, partially offset by a non-recurring $7.9 million write-down of gift card inventory.

(6) Represents premium paid and acceleration of previously unamortized deferred financing costs as a result of partial redemption of our convertible senior notes due 2026.

(7) Represents incremental costs associated with COVID-19 such as sick and vaccination pay, healthcare and meal benefits for furloughed staff members, additional sanitation and personal protective equipment.

($ in thousands) Fiscal Year Fiscal Quarter

2021 2022 2023 2024 2025 1Q25 1Q26

Net income $ 72,373 $ 43,123 $ 101,351 $ 156,783 $ 148,427 $ 32,941 $ 49,548

Depreciation and amortization expenses 89,654 92,380 93,136 101,450 109,031 26,082 27,984

Interest expense, net 11,625 7,488 10,160 10,107 10,448 2,328 1,995

Income tax (benefit)/provision (753) (10,231) (1,337) 14,264 14,468 1,542 3,803

EBITDA(2) $ 172,899 $ 132,760 $ 203,310 $ 282,604 $ 282,374 $ 62,893 $ 83,330

Impairment of assets and lease termination expenses(3) $ 18,139 $ 31,387 $ 29,464 $ 13,647 $ 22,990 $ 378 $ 829

Acquisition-related contingent consideration, compensation and amortization

expenses(4) 19,510 13,368 11,686 2,429 14,449 998 1,202

Gift card adjustment, net(5) - - - - (9,396) - -

Loss on debt extinguishment(6) - - - - 15,891 15,891 -

Stock-based compensation 22,988 24,426 25,781 29,962 27,234 7,581 7,014

COVID-19 related costs(7) 4,917 - - - - - -

Adjusted EBITDA(2) $ 238,453 $ 201,941 $ 270,241 $ 328,642 $ 353,542 $ 87,741 $ 92,375

($ in thousands) Fiscal Year

2021 2022 2023 2024 2025

Cash flow from operations $ 213,006 $ 161,926 $ 218,401 $ 268,325 $ 301,281

Capital expenditures / investments(1) 66,943 112,464 151,565 160,364 146,204

Free cash flow(2) $ 146,063 $ 49,462 $ 66,836 $ 107,961 $ 155,077

NON-GAAP RECONCILIATIONS

(1) Net income presented for 2021 includes adjustments related to Series A Preferred Stock.

(2) A detailed breakdown of impairment of assets and lease termination expenses recorded can be found in the Selected Segment Information table in the 10-K and 10-Q.

(3) Represents changes in the fair value of the deferred consideration and contingent consideration and compensation liabilities related to the North Italia and FRC acquisition, as well as amortization of acquired definite-lived licensing agreements.

(4) Represents gift card breakage revenue of $17.3 million as a result of a change in historical redemption patterns, partially offset by a non-recurring $7.9 million write-down of gift card inventory.

(5) Represents premium paid and acceleration of previously unamortized deferred financing costs as a result of partial redemption of our convertible senior notes due 2026.

(6) Represents incremental costs associated with COVID-19 such as sick and vaccination pay, healthcare and meal benefits for furloughed staff members, additional sanitation and personal protective equipment.

(7) The tax effect assumes a tax rate based on the federal statutory rate and an estimated blended state tax rate.

(8) Adjusted diluted net income/(loss) per share may not add due to rounding.

($ in thousands, except per share data) Fiscal Year Fiscal Quarter

2021 2022 2023 2024 2025 1Q25 1Q26

Net income (1) $ 49,131 $ 43,123 $ 101,351 $ 156,783 $ 148,427 $ 32,941 $ 49,548

Impairment of assets and lease termination expenses(2) 18,139 31,387 29,464 13,647 22,990 378 829

Termination of interest rate swap 2,354 - - - - - -

Acquisition-related contingent consideration, compensation and amortization

expenses(3) 19,510 13,368 11,686 2,429 14,449 998 1,202

Gift card adjustment, net (4) - - - - (9,396) - -

Loss on extinguishment of debt (5) - - - - 15,891 15,891 -

Dividends on Series A preferred stock 18,661 - - - - - -

Net income attributable to Series A preferred stock to apply if-converted method 4,581 - - - - - -

COVID-19 related costs (6) 4,917 - - - - - -

Uncertain tax positions 7,139 - - - 2,023 - -

Tax effect of adjustments (7) (11,679) (11,637) (10,699) (4,180) (11,423) (4,489) (529)

Adjusted net income $ 112,753 $ 76,241 $ 131,802 $ 168,679 $ 182,961 $ 45,719 $ 51,050

Revenues $ 927,197 $ 978,833

Adjusted net income margin 5% 5%

Diluted net income per share $ 1.01 $ 0.86 $ 2.07 $ 3.20 $ 3.06 $ 0.67 $ 1.02

Impairment of assets and lease termination expenses(2) 0.34 0.62 0.61 0.28 0.47 0.01 0.02

Termination of interest rate swap 0.04 - - - - - -

Acquisition-related contingent consideration, compensation and amortization

expenses(3) 0.37 0.27 0.24 0.05 0.30 0.02 0.02

Gift card adjustment, net (4) - - - - (0.19) - -

Loss on extinguishment of debt (5) - - - - 0.33 0.32 -

Dividends on Series A preferred stock 0.35 - - - - - -

Net income attributable to Series A preferred stock to apply if-converted method 0.09 - - - - - -

Assumed impact of potential conversion of Series A preferred stock into common stock (0.08) - - - - - -

COVID-19 related costs(6) 0.09 - - - - - -

Uncertain tax positions 0.13 - - - 0.04 - -

Tax effect of adjustments(7) (0.22) (0.23) (0.22) (0.09) (0.24) (0.09) (0.01)

Adjusted diluted net income per share(8) $ 2.13 $ 1.51 $ 2.69 $ 3.44 $ 3.77 $ 0.93 $ 1.05

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