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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。