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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.
CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) announced its participation in the Raymond James 43rd Annual Institutional Investors Conference on March 8, 2022, at 9:50 a.m. Eastern Time. David Gordon, President, and Matthew Clark, Executive VP and CFO, will represent the company. The presentation will be available via webcast on the company’s website, with a replay accessible for seven days. The Cheesecake Factory operates 306 restaurants in the U.S. and Canada, emphasizing experiential dining and hospitality.
The Cheesecake Factory reported a strong fourth quarter for fiscal 2021, with revenues reaching $776.7 million, up 40% year-over-year from $554.6 million. Net income for the quarter was $2.1 million or $0.04 per share, while adjusted net income was $24.9 million or $0.49 per share, after accounting for $29.1 million in pre-tax charges. Comparable restaurant sales increased 33.8% year-over-year and 7.7% compared to Q4 2019. The company opened four new locations and had $430 million in available liquidity, indicating a robust financial position.
The Cheesecake Factory (NASDAQ: CAKE) will release its fourth quarter fiscal 2021 financial results on February 16, 2022, after market close. A conference call to discuss these results is scheduled for 2:00 p.m. Pacific Time on the same day. The call will be webcast and available for replay until March 18, 2022. The company operates 308 restaurants in the U.S. and Canada and has been recognized by FORTUNE Magazine as one of the 100 Best Companies to Work For for eight consecutive years.
The Cheesecake Factory has launched a holiday gift card offer from
The Cheesecake Factory reported a strong third quarter for fiscal 2021, with total revenues reaching $754.5 million, up from $517.7 million in the same quarter last year. Net income stood at $32.7 million, or $0.64 per diluted share. Comparable restaurant sales increased by 41.1% year-over-year and 8.3% compared to fiscal 2019. In the fourth quarter-to-date through November 2nd, comparable sales rose 10.5% relative to 2019 levels. The company opened eight new restaurants despite pandemic challenges and has a strong liquidity position of $371.1 million.
The Cheesecake Factory is launching 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 online orders over $40 through Friday, October 29. To redeem, customers must use the promo code “TREATME.” This initiative enhances customer engagement and convenience, with options for curbside service and delivery through DoorDash. The offer is limited to 20,000 slices for online orders and subject to availability.
The Cheesecake Factory (NASDAQ: CAKE) will release its third quarter fiscal 2021 financial results on November 3, 2021, after market close. A conference call to discuss these results will follow at 2:00 p.m. Pacific Time on the same day. Investors can access the call via the Company’s website, with a replay available until December 3, 2021. The company operates 304 restaurants in the U.S. and Canada and was named one of the "100 Best Companies to Work For" by FORTUNE Magazine for the eighth consecutive year.
The Cheesecake Factory reported impressive second quarter fiscal 2021 results, with total revenues soaring to $769 million, compared to $295.9 million in the same quarter of fiscal 2020. Net income was $17.1 million, translating to $0.37 per share. Excluding certain expenses, adjusted net income reached $43.9 million ($0.80 per share). Comparable restaurant sales increased 150% year-over-year, showcasing strong recovery. The company generated $108.8 million in cash flow and reported total available liquidity of $401.9 million.
The Cheesecake Factory (NASDAQ: CAKE) has expanded its Board of Directors from nine to ten members, appointing Khanh “Connie” Collins as an independent director. Ms. Collins, who brings over 30 years of restaurant industry experience, will serve on the Corporate Governance and Nominating Committee and is set for election at the upcoming 2022 Annual Meeting of Stockholders. Her expertise in human capital management is expected to enhance the Board's perspective, furthering the company’s strategic goals.
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