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.
Cheesecake Factory Inc (NASDAQ: CAKE) operates a diversified portfolio of upscale casual dining concepts, including its flagship Cheesecake Factory restaurants and brands like North Italia. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases alongside curated analysis covering earnings reports, leadership changes, and operational expansions. The repository focuses on material developments including menu innovations, restaurant openings, and partnership announcements, while maintaining compliance with financial disclosure standards.
Key updates span quarterly financial results, executive appointments, and international licensing agreements through the company-owned bakery division. Content is organized to help users quickly identify developments impacting CAKE's market position in the competitive casual dining sector.
Bookmark this page for streamlined access to verified information about Cheesecake Factory's operational milestones. Combine these updates with broader market analysis to inform your understanding of CAKE's performance within the restaurant industry.
The Cheesecake Factory (NASDAQ: CAKE) has announced a special Mother's Day gift card promotion running from April 28, 2025, through May 11, 2025. Customers who purchase $50 in gift cards online in a single transaction will receive a complimentary $10 Bonus Card.
The Bonus Cards will be redeemable from May 12, 2025, through June 4, 2025, and can be used for the restaurant's extensive menu featuring:
- Over 250 freshly prepared dishes, including 20+ new items
- More than 30 legendary cheesecakes
The gift cards can be used for both dining in and online orders for pickup or curbside to-go through the company's website. The promotion is subject to availability and cannot be combined with other discounts or offers.
The Cheesecake Factory (NASDAQ: CAKE) has announced its upcoming first quarter fiscal 2025 earnings release and conference call schedule. The company will disclose its financial results after market close on Wednesday, April 30, 2025. A conference call to discuss the quarterly performance will be held the same day at 2:00 p.m. Pacific Time. Investors and interested parties can access the webcast through the company's investor relations website at investors.thecheesecakefactory.com.
The Cheesecake Factory (NASDAQ: CAKE) has achieved a significant milestone by being named to Fortune's 100 Best Companies to Work For® list for the twelfth consecutive year, ranking #23. The company stands as the only restaurant business to maintain this recognition for twelve straight years.
The prestigious recognition is primarily based on a confidential employee survey that evaluates workplace culture, including factors such as trust in management, coworker connections, and company loyalty. The assessment combines both quantitative and qualitative feedback about the organization's culture.
David Overton, Founder, Chairman and CEO, highlighted the company's 45-year journey in building a strong corporate culture and creating memorable guest experiences. The recognition reflects The Cheesecake Factory's commitment to maintaining an exceptional work environment and fostering positive workplace relationships.
The Cheesecake Factory (NASDAQ: CAKE) has priced an upsized offering of $500 million convertible senior notes due 2030, increased from the previously announced $450 million. The notes will carry a 2.00% annual interest rate, payable semi-annually, and mature on March 15, 2030.
The initial conversion rate is 14.1377 shares per $1,000 principal amount, representing a conversion price of approximately $70.73 per share - a 30% premium over the last reported share price of $54.41.
Of the estimated $485.6 million net proceeds, the company plans to use:
- $130 million to repurchase 2.4 million shares of common stock
- $290 million to repurchase $276 million of its 2026 convertible notes
- Remaining funds for general corporate purposes and debt repayment
The Cheesecake Factory (NASDAQ: CAKE) announced plans to offer $450 million in convertible senior notes due 2030, with an additional $67.5 million option for initial purchasers. The notes will be senior, unsecured obligations with semi-annual interest payments, convertible under certain conditions into cash and potentially common stock.
The company plans to use $130 million of the proceeds to repurchase shares of its common stock and another portion to repurchase some of its outstanding 0.375% Convertible Senior Notes due 2026. The remaining funds will be allocated for general corporate purposes, including debt repayment under its revolving credit facility.
The notes will be redeemable after March 20, 2028, if the stock price exceeds 130% of the conversion price. In case of a fundamental change, noteholders may require the company to repurchase their notes for cash.
The Cheesecake Factory (NASDAQ: CAKE) reported strong Q4 2024 financial results with total revenues of $921.0 million, up from $877.0 million in Q4 2023. Net income reached $41.2 million with diluted EPS of $0.83. Adjusted for impairment and lease expenses, net income was $51.8 million with adjusted EPS of $1.04.
Comparable restaurant sales increased 1.7% year-over-year. The company opened nine new restaurants in Q4, including three North Italia locations, two Flower Child locations, and two FRC restaurants. For fiscal 2025, they plan to open up to 25 new restaurants.
The company maintains strong liquidity of $340.7 million, including $84.2 million in cash. They repurchased 11,800 shares at $0.5 million in Q4 and declared a quarterly dividend of $0.27 per share, payable March 18, 2025.
The Cheesecake Factory (NASDAQ: CAKE) has announced its upcoming participation in the Raymond James 46th Annual Institutional Investors Conference. The presentation is scheduled for March 4, 2025, at 9:50 a.m. Eastern Time.
The company will be represented by David Gordon, President, and Matthew Clark, Executive Vice President and Chief Financial Officer. Investors and interested parties can access the presentation through a webcast available on the company's investor relations website at investors.thecheesecakefactory.com.
The Cheesecake Factory (NASDAQ: CAKE) has announced it will release its fourth quarter fiscal 2024 financial results after market close on Wednesday, February 19, 2025. The company will host a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time. The conference call will be accessible via webcast through the company's investor relations website at investors.thecheesecakefactory.com.
The Cheesecake Factory (NASDAQ: CAKE) has announced a special Winter Rewards Gift Card promotion exclusively for Cheesecake Rewards members. From January 22 through February 18, 2025, members will receive a $10 dining credit for every $50 in gift cards purchased online through their rewards account.
The dining credits will be available from February 19 through March 31, 2025, and can only be redeemed for dine-in purchases. Credits cannot be used for alcohol, gift cards, tax, or gratuity. Multiple credits can be redeemed on the same check. The promotion is accessible only through members' reward accounts, not through the main website.
Cheesecake Rewards is the company's nationwide loyalty program that offers members benefits including online reservations, birthday cheesecake, and exclusive promotional offers. New members who join by February 18 will be eligible for this promotion.
The Cheesecake Factory (NASDAQ: CAKE) has announced the return of its Peppermint Stick Chocolate Swirl Cheesecake for the holiday season. The dessert, which features peppermint swirled with white and dark chocolate cheesecake on a mint chocolate brownie, is now available at all locations nationwide.
Additionally, the company is offering a special holiday gift card promotion: customers who purchase $50 worth of gift cards will receive a $15 bonus card, redeemable from January 1 through February 28, 2025. The offer is available both online and in restaurants through the end of the year.
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