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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.