The Cheesecake Factory Incorporated (NASDAQ:CAKE) Q1 2022 Earnings Conference Call April 27, 2022 5:00 PM ET
Company Participants
Etienne Marcus - VP, Finance and IR
David Overton - Chairman and CEO
David Gordon - President
Matthew Clark - EVP and CFO
Conference Call Participants
Nicole Miller - Piper Sandler
Sharon Zackfia - William Blair
Brian Bittner - Oppenheimer
Jeff Farmer - Gordon Haskett
John Glass - Morgan Stanley
David Tarantino - Baird
Lauren Silberman - Credit Suisse
Dennis Geiger - UBS
Jared Garber - Goldman Sachs
John Ivankoe - JPMorgan
Jeffrey Bernstein - Barclays
Brian Vaccaro - Raymond James
Jon Tower - Citi
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 First Quarter Fiscal 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 first quarter fiscal 2022 earnings call. On the call 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, acquisition-related contingent consideration, compensation and amortization expense, as well as a reserve for uncertain tax positions. 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 briefly review our fourth quarter results and provide a financial update.