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) 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.
The Cheesecake Factory (NASDAQ: CAKE) announced its participation in two upcoming investor conferences in New York City. David Gordon, President, and Matthew Clark, CFO, will represent the company at both events.
At the Morgan Stanley Global Consumer & Retail Conference (December 3-4, 2024), management will conduct a fireside chat on December 3rd at 11:45 a.m. ET. At the Barclays 10th Annual Eat, Sleep, Play, Shop Conference (December 3-5, 2024), they will participate in a fireside chat on December 4th at 10:30 a.m. ET. Both sessions include investor meetings.
The Morgan Stanley fireside chat will be webcast on the company's investor website with a 30-day replay available.