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 operates a multi-brand casual dining and bakery business built around The Cheesecake Factory restaurants, North Italia, Flower Child and other Fox Restaurant Concepts brands. Company news commonly covers quarterly results, comparable restaurant sales, restaurant openings, operating margin drivers, menu activity and guest engagement programs such as Cheesecake Rewards.
Updates also include gift card promotions, seasonal cheesecake offerings, capital returns through dividends and share repurchase authorizations, investor conference presentations and the company’s international licensing model for The Cheesecake Factory restaurants.
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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