1233 ET - Cheesecake Factory says its own data support recent surveys that suggest casual dining demand is holding up better than it historically has in periods of economic instability. CFO Matthew Clark on an earnings call says one reason for the change is that consumers have shifted toward eating away from home over the last 10 to 20 years, driven in part by much more full service offerings. But he adds that QSRs -- places like McDonald's, for example -- have been ubiquitous with eating out for longer but are more sensitive to pressure on lower-income cohorts, whereas the dining chain's income cohort is north of $100,000. "There's a lot of potential here for resiliency," Clark says. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 01, 2025 12:33 ET (16:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。