The Cheesecake Factory Incorporated (NASDAQ:CAKE) Q2 2022 Earnings Conference Call July 27, 2022 5:00 PM ET

Company Participants

Etienne Marcus - Vice President of Finance and Investor Relations

David Overton - Chairman and Chief Executive Officer

David Gordon - President

Matthew Clark - Executive Vice President and Chief Financial Officer

Conference Call Participants

Nicole Miller - Piper Sandler

Sharon Zackfia - William Blair

Jared Garber - Goldman Sachs

Brian Bittner - Oppenheimer

Jeffrey Bernstein - Barclays

John Glass - Morgan Stanley

Brian Vaccaro - Raymond James

Jon Tower - Citi

Andy Barish - Jefferies

Brian Mullan - Deutsche Bank

Operator

Good afternoon. My name is Emma, and I will be your conference operator today. At this time, I would like to welcome everyone to The Cheesecake Factory Second Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Etienne Marcus, Vice President of Finance and Investor Relations, you may begin your conference.

Etienne Marcus

Thank you, Emma. Good afternoon, and welcome to our second quarter fiscal 2022 earnings call. On the call with me today are David Overton, our Chairman and Chief Executive Officer; David Gordon, our President; and Matt Clark, our Executive Vice President and Chief Financial Officer.

Before we begin, let me quickly remind you that during this call, items will be discussed that are not based on historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could be materially different from those stated or implied in forward-looking statements as a result of the factors detailed in today's press release, which is available on our website at investors.thecheesecakefactory.com and in our filings with the Securities and Exchange Commission. All forward-looking statements made on this call speak only as of today's date and the Company undertakes no duty to update any forward-looking statements.

In addition, during this conference call, we will be presenting results on an adjusted basis, which exclude impairment of assets and lease terminations and acquisition-related contingent consideration, compensation and amortization expense, an explanation of our use of non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures appear in our press release on our website, as previously described.

David Overton will begin today's call with some opening remarks, and David Gordon will provide an operational update. Matt will then review our second quarter results and provide a financial update. Following that we’ll open the call for questions.