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 (NASDAQ: CAKE) is a restaurant and bakery company that regularly issues news about its operations, promotions and financial performance. The company describes itself as a leader in experiential dining, with a culinary-forward approach and a strong focus on hospitality, and it owns and operates restaurants under brands including The Cheesecake Factory, North Italia, Flower Child and other Fox Restaurant Concepts brands.
News related to CAKE often covers quarterly financial results, where the company reports revenues, segment performance and comparable restaurant sales for concepts such as The Cheesecake Factory restaurants, North Italia and other FRC brands. These releases also discuss development activity, including the number of new restaurants opened across its concepts and the expansion of international-licensed locations operating under The Cheesecake Factory brand.
Investors and followers of the stock will also see announcements about dividends, liquidity and capital allocation, including details on convertible senior notes, share repurchases and quarterly cash dividends declared by the board of directors. Form 8-K filings frequently reference accompanying press releases and investor presentations that provide additional context on the company’s financial condition and strategy.
For customers and brand followers, The Cheesecake Factory’s news highlights promotional offers and guest programs. Examples include seasonal gift card promotions that provide bonus cards or dining credits when purchasing gift cards, as well as information about Cheesecake Rewards, the company’s rewards program that offers benefits such as a complimentary birthday slice and exclusive access to offers. Product-focused news, such as the return of seasonal cheesecake flavors, illustrates how the company uses menu innovation and limited-time offerings to engage guests.
This CAKE news page brings together these categories of updates—earnings, capital decisions, restaurant development, promotions and rewards program announcements—so readers can follow how The Cheesecake Factory communicates with both investors and guests over time.
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.
The Cheesecake Factory (NASDAQ: CAKE) has reintroduced its holiday favorite, Peppermint Bark Cheesecake, alongside a gift card promotion. From now until December 31, 2020, for every $25 spent on gift cards, customers receive a Slice of Joy Card, redeemable for one complimentary slice of cheesecake from January 1 to March 31, 2021. This promotion aims to reward loyal guests and encourage holiday gifting. The Cheesecake Factory operates 295 restaurants in the U.S. and Canada, known for its extensive menu offerings and quality dining experiences.
The Cheesecake Factory (NASDAQ: CAKE) is launching its holiday promotion, offering two eSlice of Joy Cards for every $25 in gift cards purchased online from November 23 to November 30, 2020. This marks the earliest availability of this deal. Additionally, from November 27 to November 30, the same offer will apply at their restaurants. The Slice of Joy Cards provide customers with a complimentary cheesecake slice redeemable from January 1 to March 31, 2021. The company's CEO emphasized the promotion aims to enhance the holiday shopping experience.
The Cheesecake Factory (NASDAQ: CAKE) plans to release its third quarter fiscal 2020 financial results on October 29, 2020, after market close. A conference call discussing these results will follow at 2:00 p.m. Pacific Time. Investors can access the webcast through the company's website. The Cheesecake Factory operates 294 restaurants in the U.S. and Canada, along with 26 international locations, and has been recognized on FORTUNE's '100 Best Companies to Work For' list for the seventh consecutive year.
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