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 Incorporated (NASDAQ: CAKE) announced it will release its first quarter fiscal 2023 financial results after market close on May 10, 2023. A conference call to discuss these results will take place the same day at 2:00 p.m. PT, which will be accessible via the Company's website. A replay will be available until June 9, 2023. Currently, The Cheesecake Factory operates 318 restaurants across the U.S. and Canada, with 30 additional locations internationally under licensing agreements. The Company has been recognized in the FORTUNE Magazine “100 Best Companies to Work For” list for ten consecutive years.
The Cheesecake Factory reported fourth-quarter fiscal 2022 revenues of $892.8 million, up from $776.7 million in the same quarter last year, aided by an additional week of sales. The net loss was $3.3 million, translating to $0.07 per share, largely impacted by $41.5 million in asset impairment charges. Adjusted net income was $27.4 million or $0.56 per share. Comparable restaurant sales rose 4.0% year-over-year, with a 11.4% increase compared to fiscal 2019. The company opened eight new locations and experienced strong consumer demand in its new restaurants. Liquidity as of January 3, 2023, stood at $354 million.
The Cheesecake Factory will present at two upcoming investor conferences. David Gordon, President, and Matthew Clark, CFO, will speak at the Raymond James 44th Annual Institutional Investors Conference in Orlando, FL, on March 7, 2023, at 9:50 a.m. ET. They will also participate in a fireside chat at the J.P. Morgan Gaming, Lodging, Restaurant, and Leisure Management Access Forum in Las Vegas, NV, on March 15, 2023, at 10:30 a.m. PT. Both events will be webcast, with replays available for 30 days. The company operates 319 restaurants across the U.S. and Canada and was named one of Fortune's '100 Best Companies to Work For' in 2022.
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