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 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.
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.
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.
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.
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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