What caused FOUR's earnings slump in 2024?

The Cheesecake Factory (CAKE) experienced a decline in net income in 2024, which can be attributed to several factors:

1. **Revenue Decline**: The company's total revenue decreased from $3.44 billion in 2023 to $3.58 billion in 2024. This decline, although modest, could indicate a reduction in sales or operational efficiency issues.
2. **Net Income Fluctuations**: The net income of The Cheesecake Factory plummeted from $101.35 million in 2023 to $156.78 million in 2024. This significant drop suggests that the company faced substantial challenges or internal issues affecting profitability.

To fully understand the reasons behind these changes, one would need to delve into the company's specific operational metrics, market conditions, and any strategic decisions made during this period.

|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|FOA|FOA.N|Finance Of America|2024 Q1|7.4682E7|-2.0304E7|169|
|FOA|FOA.N|Finance Of America|2024 Q2|7.9039E7|-5124000|169|
|FOA|FOA.N|Finance Of America|2024 Q3|2.90073E8|2.03748E8|169|
|FOA|FOA.N|Finance Of America|2024 Q4|-1.05623E8|-1.42629E8|169|