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The Cheesecake Factory Incorporated (symbol: CAKE) is a prominent player in the upscale casual dining industry, having pioneered the segment with its namesake concept introduced in 1978. The company is renowned for its extensive and diverse menu, featuring over 250 items made fresh from scratch daily, including the signature cheesecakes and desserts that have become a staple of the brand. Headquartered in Calabasas Hills, CA, The Cheesecake Factory owns and operates restaurants in the United States and Canada, under various brands such as The Cheesecake Factory, North Italia, and several subsidiaries within the Fox Restaurant Concepts.
The company's international footprint extends to the Middle East and Mexico through licensing agreements with third-party operators. Additionally, The Cheesecake Factory has a robust bakery division that supplies cheesecakes and other baked goods to its restaurants, international licensees, and third-party customers in the bakery sector.
With four primary business segments—The Cheesecake Factory restaurants, North Italia, other FRC (Fox Restaurant Concepts) brands, and Flower Child—the company generates the bulk of its revenue from The Cheesecake Factory restaurants. Recent achievements include continued expansion of their restaurant portfolio, strategic enhancements to their menu, and increased focus on digital and delivery platforms to meet evolving consumer preferences.
The Cheesecake Factory offers dynamic career opportunities, with defined paths for advancement in both restaurant and kitchen management roles. The corporate headquarters support various business units and include departments such as construction, design, executive management, guest services, legal, purchasing, risk services, finance, human resources, marketing, and performance development.
For investors, The Cheesecake Factory remains a compelling option in the dining sector, driven by a strong brand identity, diversified revenue streams, and a commitment to quality and innovation.
The Cheesecake Factory (NASDAQ: CAKE) is launching two new cheesecake-flavored ice cream bars, now available in grocery stores nationwide. These bars, inspired by the brand's Original cheesecake, come in two flavors: Original and Strawberry Cheesecake, both coated in a chocolatey cookie-crunch coating. Retail price ranges from $5.49 to $5.99 for a four-pack. This rollout expands The Cheesecake Factory At Home product line, which includes premium cheesecake ice cream pints introduced in 2020. The company collaborated with Wells Enterprises, Inc. for production, aiming to enhance its retail presence.
The Cheesecake Factory Incorporated (NASDAQ: CAKE) will release its fourth quarter fiscal 2022 financial results after market close on February 22, 2023. A conference call to discuss these results will take place at 2:00 p.m. PT on the same day and will be available via webcast on the Company’s website. The Cheesecake Factory operates 319 restaurants across the U.S. and Canada, alongside 30 international locations under licensing agreements. The company was recognized on FORTUNE Magazine's 100 Best Companies to Work For list for the ninth consecutive year.
CALABASAS HILLS, Calif. — The Cheesecake Factory (NASDAQ: CAKE) has appointed Adam S. Gordon as an independent director, replacing Paul D. Ginsberg on its Board of Directors. Gordon is currently a managing director at Gordon Property Group and has extensive experience in marketing and strategic relationships, particularly in the entertainment sector. CEO David Overton praised Gordon's global marketing background. This change comes as the company continues to enhance its leadership structure, following a successful conversion of preferred stock previously held by Roark Capital Group.
The Cheesecake Factory (NASDAQ: CAKE) announced its participation in two upcoming investor conferences. The management team, including President David Gordon and CFO Matthew Clark, will engage in a fireside chat at the Stephens Annual Investment Conference from November 15-17, 2022 in Nashville, TN, and participate in meetings at the Deutsche Bank Gaming, Lodging, Leisure & Restaurant One on One Conference on November 17-18, 2022, in Palm Beach Gardens, FL. The fireside chat can be streamed live on the Company's website.
The Cheesecake Factory reported Q3 fiscal 2022 revenues of $784.0 million, up from $754.5 million in Q3 2021. The net loss was $2.4 million, translating to a diluted loss per share of $0.05. Adjusted net loss stood at $1.6 million or $0.03 per share. Comparable restaurant sales rose by 1.1% year-over-year. The company plans to open up to 13 new restaurants in 2022, with available liquidity of $372 million. A dividend of $0.27 per share is scheduled for November 28, 2022.
The Cheesecake Factory has expanded its agreement with Maxim’s Caterers Limited to include Thailand, adding a minimum of 18 new restaurants by 2028. Initially, the partnership focused on Hong Kong and surrounding areas, where six locations currently operate. The first Thai restaurant is set to open in 2023. This marks a continuation of the company’s international growth strategy, reflecting its strong reception in new markets.
The Cheesecake Factory (NASDAQ: CAKE) has launched its annual Treat or Treat promotion, offering customers a complimentary slice of either REESE'S Peanut Butter Chocolate Cake Cheesecake or HERSHEY'S Chocolate Bar Cheesecake with any online pickup or delivery order of $40 or more. The promotion runs until October 28. This initiative aims to enhance customer engagement and boost sales during the promotional period. The restaurant chain emphasizes its convenient curbside service and exclusive partnership with DoorDash for deliveries. This offer is limited to participating locations and terms apply.
The Cheesecake Factory (NASDAQ: CAKE) will announce its third quarter fiscal 2022 financial results on November 1, 2022, after market close. A conference call to discuss the results is scheduled for the same day at 2:00 PM Pacific Time, accessible via the Company’s investor relations website. The Cheesecake Factory operates 312 restaurants in the U.S. and Canada and has been recognized in Fortune's '100 Best Companies to Work For' for nine consecutive years. The company also runs a bakery division providing products to restaurants and third-party customers.
The Cheesecake Factory has launched a limited-time promotion for online gift card purchases, offering a $10 Bonus Card for every $50 spent. This promotion runs from August 8 to September 5, 2022, with Bonus Cards redeemable from September 6 to October 28, 2022. The initiative aims to boost sales during the back-to-school season, emphasizing the brand's extensive menu and popular desserts. Customers can purchase gift cards through the company's website, making it convenient for dining in or takeout options. Terms and conditions apply to the promotional offer.
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