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) is offering a special online gift card promotion from August 5 to September 2, 2024. For every $50 in gift cards purchased online, customers will receive a $10 bonus card, redeemable from September 3 to September 30, 2024. This promotion aims to sweeten the back-to-school season for customers.
The Cheesecake Factory is known for its extensive menu of over 250 dishes and more than 30 cheesecake varieties. Gift cards can be used for dining in, pick-up, or curbside to-go orders. The company recently introduced the Triple Berry Bliss Cheesecake, adding to its legendary dessert lineup.
The Cheesecake Factory (NASDAQ: CAKE) reported strong financial results for Q2 2024. Total revenues reached $904.0 million, up from $866.2 million in Q2 2023. Net income was $52.4 million, with diluted EPS of $1.08. Adjusted net income and EPS were $53.2 million and $1.09, respectively. Comparable restaurant sales at The Cheesecake Factory restaurants increased 1.4% year-over-year.
The company opened five new restaurants in Q2, including one Cheesecake Factory, one North Italia, two Flower Child locations, and one Culinary Dropout. They aim to open up to 22 new restaurants in fiscal 2024. The company's liquidity stood at $277.2 million, with $40.7 million in cash and $236.5 million available on its revolving credit facility. A quarterly dividend of $0.27 per share was declared.
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.
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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