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) reported a significant recovery in fiscal 2021, with comparable sales up approximately 196% year-over-year and 7% compared to fiscal 2019. Average weekly sales reached around $226,500, translating to $11.8 million annualized per unit. Nearly all of its restaurants are currently open with indoor dining, operating at about 70% capacity. The company operates 299 locations across the U.S. and Canada and opened a new location in Atlanta last month.
The Cheesecake Factory (NASDAQ: CAKE) announced that President David Gordon and CFO Matthew Clark will present at virtual investor conferences. These include the William Blair 41st Annual Growth Stock Conference on June 2, 2021, at 11:40 a.m. ET and the Baird 2021 Global Consumer, Technology & Services Conference on June 8, 2021, at 11:25 a.m. ET. The presentations will be webcast on the company's website, with replays available for seven days after the event.
The Cheesecake Factory reported financial results for Q1 fiscal 2021, showing total revenues of $627.4 million, up from $615.1 million in Q1 fiscal 2020. The net loss for common stockholders was $1.2 million, with a diluted loss per common share of $0.03. Adjusted net income was $10.8 million, or $0.20 per share. Comparable restaurant sales increased 2.8% year-over-year. As of April 27, 2021, comparable sales surged 220% year-over-year. The company maintains liquidity of approximately $278 million and has a total debt of $280 million.
The Cheesecake Factory (NASDAQ: CAKE) will release its first quarter fiscal 2021 financial results on April 28, 2021, after market close. A conference call will follow at 2:00 p.m. Pacific Time to discuss these results, which will be accessible via the Company's website. Currently, The Cheesecake Factory operates 298 restaurants across the U.S. and Canada, along with 27 licensed locations internationally. The company has been recognized on the FORTUNE "100 Best Companies to Work For" list for seven consecutive years, reflecting its commitment to hospitality and culinary excellence.
The Cheesecake Factory (NASDAQ: CAKE) announced its participation in the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 1:20 p.m. ET. David Gordon, President, and Matthew Clark, CFO, will represent the company. The presentation will be available via webcast on the company's website, with replays accessible for seven days post-event. The Cheesecake Factory operates 294 restaurants across the U.S. and Canada and was recognized on FORTUNE's '100 Best Companies to Work For' list for the seventh consecutive year.
The Cheesecake Factory (NASDAQ: CAKE) reported a fourth-quarter revenue of $554.6 million for fiscal 2020, down from $694.0 million in the same quarter of 2019, primarily due to COVID-19 impacts. The net loss was $37.3 million, equivalent to a loss of $0.85 per share. Comparable restaurant sales fell by 19.5% in Q4. However, as of February 16, 2021, around 80% of locations have reopened indoor dining at half capacity. The Company generated $35.6 million in operating cash flow and maintains $250 million in liquidity, with total debt at $280 million.
The Cheesecake Factory (NASDAQ: CAKE) is celebrating Random Acts of Kindness Day with special promotions from February 15 to 21. Customers purchasing $50 in gift cards online will receive a $10 Bonus Card. For delivery orders over $50 via DoorDash, customers can use code '10GIFT' for a $10 discount, with $1 donated to Feeding America for each redemption. The initiatives aim to foster community kindness and support hunger relief efforts nationwide, reflecting the company's commitment to charitable endeavors.
The Cheesecake Factory (NASDAQ: CAKE) is set to release its fourth quarter fiscal 2020 financial results on February 17, 2021, after market close. A conference call will follow at 2:00 p.m. PT to discuss the results, which will be available via webcast on the company’s investor website. Cheesecake Factory operates 294 restaurants across the U.S. and Canada, and 27 internationally under licensing agreements. The company has been recognized for its workplace culture, making FORTUNE's 100 Best Companies to Work For list for seven consecutive years.
The Cheesecake Factory (NASDAQ: CAKE) is celebrating the New Year by offering guests two complimentary slices of cheesecake with online orders of $30 or more on January 11, 2021, using promo code 'TWOSLICES'. From January 12 to 17, a complimentary slice is available with similar orders using promo code 'GETASLICE'. The promotion aims to provide customers with an extra slice of happiness as they begin the year. The company offers curbside service and delivers through DoorDash, enhancing convenience for customers.
The Cheesecake Factory (NASDAQ: CAKE) announces a promotional offer for holiday shoppers, providing two eSlice of Joy Cards for every $25 in gift cards or eGift cards purchased through its website from December 18 to December 25, 2020. Each eSlice of Joy Card can be redeemed for a complimentary slice of cheesecake between January 1 and March 31, 2021. This initiative aims to ease holiday shopping stress, as stated by CEO David Overton. The promotion is valid in the U.S. and Puerto Rico and is expected to enhance customer engagement during the festive period.
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