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The Cheesecake Factory Incorporated - CAKE STOCK NEWS

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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.

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The Cheesecake Factory announced it will release its second-quarter fiscal 2024 financial results after market close on July 31, 2024.

A conference call will be held on the same day at 2:00 p.m. Pacific Time to discuss the results.

The call will be webcast and accessible via the company's investor relations website.

A replay of the webcast will be available until August 30, 2024.

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The Cheesecake Factory is extending National Cheesecake Day to a two-day event this year with three special offerings. First, the new Triple Berry Bliss Cheesecake will debut on July 29, featuring creamy cheesecake layered with vanilla cake, three types of berries, and a hint of citrus. For every slice of this cheesecake sold until July 29, 2025, the company will donate 25 cents to Feeding America.

Second, Cheesecake Rewards members can enjoy any slice of their more than 30 cheesecake flavors for half price on July 29 and 30. Lastly, the Cake Merch California Summer Collection will launch on July 29, featuring -edition caps, t-shirts, and beach towels. Rewards members will get free shipping and a free Celebration Cheesecake Luggage Tag with any Cake Merch purchase on July 29 and 30.

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The Cheesecake Factory (NASDAQ: CAKE) has launched a special online gift card promotion targeting 'Dads and Grads'. From June 6 to June 28, 2024, customers purchasing $100 in gift cards online will receive a $20 bonus card. The bonus card can be redeemed from June 29 to July 26, 2024. This offer is aimed at enhancing gift shopping experiences for Father's Day and graduation season. The gift cards and bonus cards can be used for dining in, pickup, or curbside to-go orders. Terms and conditions apply.

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The Cheesecake Factory (NASDAQ: CAKE) has announced its participation in two upcoming investor conferences. President David Gordon and CFO Matthew Clark will represent the company at the Baird 2024 Global Consumer, Technology and Services Conference in New York City from June 4-6, 2024. They will hold investor meetings on June 4th. Additionally, the executives will present and engage in investor meetings at William Blair’s 44th Annual Growth Stock Conference in Chicago, Illinois, on June 5th at 10:00 a.m. CT. The presentation will be webcast live on the company's website and available for replay for thirty days.

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The Cheesecake Factory Incorporated (NASDAQ: CAKE) reported total revenues of $891.2 million for the first quarter of fiscal 2024, with net income of $33.2 million and diluted net income per share of $0.68. Comparable restaurant sales declined by 0.6% year-over-year. The Company opened five new restaurants during the quarter and expects to open up to 22 new restaurants in fiscal 2024. The Company had total available liquidity of $296.7 million as of April 2, 2024. The Board of Directors declared a quarterly dividend of $0.27 per share.

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The Cheesecake Factory (NASDAQ: CAKE) is offering a special online gift card promotion for Mother's Day, where guests receive a $10 Bonus Card for every $50 in Gift Cards purchased online from April 29, 2024, through Mother's Day, May 12, 2024. The Bonus Card is redeemable from May 13, 2024, through June 5, 2024. The offer is available on the restaurant's website and can be used for dining in, pickup, or curbside to-go orders.

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The Cheesecake Factory Incorporated (NASDAQ: CAKE) will release its first quarter fiscal 2024 financial results on May 8, 2024, after market close. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time on the same day. The webcast of the call can be accessed on the Company’s website, investors.thecheesecakefactory.com, with a replay available until June 7, 2024.
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The Cheesecake Factory Incorporated (NASDAQ: CAKE) has been recognized as one of the Fortune 100 Best Companies to Work For® for the eleventh consecutive year. The company ranked 40 on the list, showcasing its commitment to creating a great employee work experience. The recognition is based on a confidential employee survey measuring key attributes like trust, communication, respect, and teamwork.
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The Cheesecake Factory Incorporated (CAKE) reported Q4 2023 revenue of $877.0 million, a decrease from Q4 2022 due to a shorter operating period. Adjusted net income was $39.0 million with positive comparable sales growth. The company opened new restaurants domestically and internationally, focusing on long-term growth and shareholder value.
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The Cheesecake Factory Incorporated (CAKE) to present at Raymond James 45th Annual Institutional Investors Conference on March 5, 2024. The presentation by President David Gordon and CFO Matthew Clark will be webcasted on the company's website.
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FAQ

What is The Cheesecake Factory Incorporated?

The Cheesecake Factory Incorporated is a leader in the upscale casual dining industry, known for its diverse menu and signature cheesecakes.

Where is The Cheesecake Factory headquartered?

The Cheesecake Factory is headquartered in Calabasas Hills, CA.

What brands does The Cheesecake Factory operate?

The Cheesecake Factory operates under brands including The Cheesecake Factory, North Italia, and several subsidiaries within the Fox Restaurant Concepts.

Does The Cheesecake Factory have an international presence?

Yes, The Cheesecake Factory has a presence in the Middle East and Mexico through licensing agreements with third parties.

What types of products does The Cheesecake Factory's bakery division produce?

The bakery division produces cheesecakes and other baked goods for sale in its restaurants, to international licensees, and to third-party bakery customers.

What are the main business segments of The Cheesecake Factory?

The main business segments are The Cheesecake Factory restaurants, North Italia, other FRC brands, and Flower Child.

Where does the majority of The Cheesecake Factory's revenue come from?

The majority of the company's revenue comes from The Cheesecake Factory restaurants segment.

What career opportunities does The Cheesecake Factory offer?

The Cheesecake Factory offers career opportunities in restaurant and kitchen management, with pathways for advancement to general manager and executive kitchen manager roles.

What departments are located at The Cheesecake Factory's corporate headquarters?

Departments at the corporate headquarters include construction, design, executive management, guest services, legal, purchasing, risk services, finance, human resources, marketing, and performance development.

How does The Cheesecake Factory stay relevant in the dining sector?

The Cheesecake Factory stays relevant through continuous expansion, menu enhancements, and a focus on digital and delivery platforms.

The Cheesecake Factory Incorporated

Nasdaq:CAKE

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CAKE Stock Data

1.93B
50.96M
6.88%
87.3%
13.08%
Food Service Contractors
Accommodation and Food Services
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United States of America
CALABASAS HILLS