Welcome to our dedicated page for Cheesecake Factory news (Ticker: CAKE), a resource for investors and traders seeking the latest updates and insights on Cheesecake Factory stock.
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 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.
The Cheesecake Factory reported Q2 fiscal 2022 revenues of $832.6 million, up from $769.0 million in Q2 2021. Net income was $25.7 million, or $0.50 per diluted share. Adjusted figures, excluding a $0.8 million charge, showed adjusted net income of $26.4 million and $0.52 per share. Comparable restaurant sales increased 4.7% year-over-year. The company plans to open up to 15 new restaurants in 2022 and reported $433 million in total liquidity, including $195 million in cash.
The Cheesecake Factory (NASDAQ: CAKE) is set to release its second quarter fiscal 2022 financial results on July 27, 2022, after market close. A conference call to discuss these results will occur that same day at 2:00 p.m. Pacific Time, with a webcast available on the Company’s website. The replay of the webcast will be accessible until August 26, 2022. The Cheesecake Factory operates 308 restaurants across the U.S. and Canada, and has been recognized on the FORTUNE Magazine’s “100 Best Companies to Work For” list for nine consecutive years.
The Cheesecake Factory (NASDAQ: CAKE) is offering a special promotion for Father's Day. Customers who purchase
The Cheesecake Factory (NASDAQ: CAKE) is making significant strides in animal welfare by working to eliminate gestation crates from its pork supply. The company aims to transition 75% of its U.S. pork supply to be fully gestation crate-free by the end of 2022. This effort is supported by partnerships with strategic suppliers, who are aligning with standards that protect breeding sows. The Humane Society of the United States has commended this progress, highlighting the importance of animal welfare within The Cheesecake Factory's supply chain.
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