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heesecake Factory PRESS RELEASE FOR IMMEDIATE RELEASE Contact : Etienne Marcus ( 818 ) 871-3000 investorrelations@thecheesecakefactory.com THE CHEESECAKE FACTORY REPORTS RESULTS FOR THIRD QUARTER OF FISCAL 2021 AND PROVIDES BUSINESS UPDATE Fourth quarter - to - date through November 2nd comparable sales at The Cheesecake Factory restaurants increased 10.5 % over 2019 levels CALABASAS HILLS , Calif . , November 3 , 2021 The Cheesecake Factory Incorporated ( NASDAQ : CAKE ) today reported financial results for the third quarter of fiscal 2021 , which ended on September 28 , 2021 . Total revenues were $ 754.5 million in the third quarter of fiscal 2021 compared to $ 517.7 million in the third quarter of fiscal 2020. Net income available to common stockholders and diluted net income per common share were $ 32.7 million and $ 0.64 , respectively , in the third quarter of fiscal 2021 . These results reflect the impact of $ 3.3 million in higher than anticipated group medical insurance costs , as well as $ 4.6 million in incremental costs associated with the pandemic environment . Excluding the after - tax impact of the non - cash acquisition - related contingent consideration and amortization expense , adjusted net income and adjusted net income per share for the third quarter of fiscal 2021 were $ 33.2 million and $ 0.65 , 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 41.1 % year - over- year in the third quarter of fiscal 2021. Relative to the third quarter of fiscal 2019 , comparable restaurant sales at The Cheesecake Factory restaurants increased 8.3 % . As of today , nearly all of the Company's restaurants across its concepts are operating with no indoor dining restrictions . Fiscal 2021 fourth quarter - to - date through November 2nd comparable sales for The Cheesecake Factory restaurants increased approximately 20 % year - over - year and 10.5 % relative to the same period in fiscal 2019 , supported by approximately 28 % off - premise sales mix . Average weekly sales quarter - to - date are approximately $ 213,000 and off - premise average weekly sales of $ 60,000 are nearly double the level seen during the same period in fiscal 2019 . " We drove strong sales performance at The Cheesecake Factory restaurants and across our concepts during the third quarter despite the surge in COVID - 19 cases from the Delta variant , " said David Overton , Chairman and Chief Executive Officer . " Our teams also generated solid profitability in the face of higher than anticipated group medical insurance costs and pandemic environment cost pressures during the quarter . " 26901 Malibu Hills Road , Calabasas Hills , CA 91301 • Telephone ( 818 ) 871-3000 • Fax ( 818 ) 871-3100