Cheesecake Factory

Cheesecake Factory, Inc. engages in the operation of restaurant chains. It operates through The Cheesecake Factory, North Italia, Other FRC and Other segments. The Cheesecake Factory segment offers appetizers, pizza, seafood, steaks, chicken, burgers, small plates, pastas, salads, sandwiches and omelettes, and a selection of gluten-free items. The North Italia segment specializes in Italian cuisine. The Other FRC segment includes brands acquired from Fox Restaurant Concepts. The Other segment consists of the Flower Child brand, along with other businesses. The company was founded by David M. Overton, Oscar Overton and Evelyn Overton in 1972 and is headquartered in Calabasas Hills, CA.

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Cheesecake Factory achieves record sales, navigates challenges for growth

Cheesecake Factory delivered strong financial performance with record sales and successful restaurant openings, despite facing challenges like lease impairments and cost pressures.
The company's focus on cost management, strategic pricing, and consumer-centric marketing presents opportunities for continued growth and margin improvement.
Maintaining stable comparable sales, attracting talent, and prudent investment decisions underscore Cheesecake Factory's resilience and strategic positioning in the market.
Future success hinges on effectively navigating challenges, optimizing costs, and capitalizing on growth opportunities in a dynamic operating environment.

Cheesecake Factory posts strong Q1 results, eyes growth opportunities

Cheesecake Factory (CAKE) demonstrated solid financial performance in Q1 2023 with revenue growth and margin improvement. The company's strengths in liquidity, staffing, and delivery business position it well for future growth. While facing challenges in traffic trends and store closures, Cheesecake Factory is actively pursuing opportunities for expansion through new restaurant openings and loyalty program enhancements.

Cheesecake Factory achieves record earnings, eyes strategic growth opportunities

Cheesecake Factory (CAKE) delivered a strong performance in Q2 2023, with record earnings and solid liquidity, despite challenges in restaurant openings and labor costs.
The company's focus on food quality, successful rewards program, and positive consumer reception position it well for future growth and profitability.
Strategic pricing decisions, leveraging data for marketing, and expansion plans offer opportunities for continued success and brand growth.

Cheesecake Factory reports revenue growth and margin expansion strategies

Cheesecake Factory's Q3 performance reflects revenue growth and operational improvements.
The company faces challenges from permitting delays, inflation pressures, and potential menu price impacts.
Opportunities lie in expansion plans, margin improvement initiatives, and stable consumer spending.
Overall, Cheesecake Factory anticipates margin expansion in 2024 through operational efficiencies and positive comps.

Cheesecake Factory posts strong Q4 results, eyes growth strategies

Cheesecake Factory (CAKE) delivered a robust Q4 performance with revenue growth and improved profit margins.
Strategic initiatives like restaurant expansion and cost management are poised to drive future growth.
While facing challenges in debt management and maintaining profitability, the company is leveraging opportunities in marketing and operational efficiency.

Cheesecake Factory (CAKE) excels in Q1 2024, eyes growth

Cheesecake Factory's Q1 2024 earnings call highlighted strong financial performance, operational excellence, and strategic growth plans. The company's focus on maintaining guest value and operational efficiency positions it well for future success.

Cheesecake Factory (CAKE) exceeds Q2 expectations, eyes growth opportunities

Cheesecake Factory (CAKE) delivered strong Q2 results, surpassing profitability expectations and demonstrating growth momentum.
The company's focus on operational efficiency, loyalty programs, and growth through new restaurant openings positions it well for future success.
While challenges in maintaining margins exist, Cheesecake Factory has opportunities for growth through market expansion and customer engagement strategies.
Overall, Cheesecake Factory's performance reflects resilience, strategic planning, and a commitment to driving value for customers and shareholders.

Cheesecake Factory (CAKE) reports robust Q3 earnings and expansion plans

Cheesecake Factory's Q3 2024 performance reflects strong financial health and strategic growth initiatives.
The company's focus on customer engagement, cost management, and expansion bodes well for future prospects.
With a solid revenue base, stable off-premise sales, and growth plans, CAKE is positioned for continued success.

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CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory® (NASDAQ: CAKE), known for its extensive menu, generous portions and legendary desserts, is making holiday shopping sweeter with a special gift card offer: Beginning Monday, November 20 through the end of the year, for every $50 worth of gift cards purchased online, guests will receive a $15 bonus card that can be redeemed beginning January 1 through February 29, 2024.* Additionally, this offer will be available at all of The Chee.

The Cheesecake Factory Makes the Holidays Sweeter With Special Gift Card Offer

Cheesecake Factory's (CAKE) fiscal third-quarter 2023 results reflect growth in comparable sales. Yet, the soft sales trend hurts.

Cheesecake Factory (CAKE) Down on Q3 Earnings & Revenue Miss

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced that management will participate in the Stephens Annual Investment Conference to be held November 14-16, 2023 in Nashville, TN. David Gordon, President, and Matthew Clark, Executive Vice President and Chief Financial Officer, will participate in a fireside chat on Wednesday, November 15, 2023 at 10:00 a.m. Central Time and host investor meetings. The fireside chat will be webcast on the.

The Cheesecake Factory to Present at the Stephens Annual Investment Conference

The Cheesecake Factory Incorporated (NASDAQ:CAKE ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Etienne Marcus - Vice President, Finance and Investor Relations David Overton - Chairman and Chief Executive Officer David Gordon - President Matt Clark - Executive Vice President and Chief Financial Officer Conference Call Participants Andy Barish - Jefferies Sharon Zackfia - William Blair Joshua Long - Stephens Jon Tower - Citi Lauren Silberman - Deutsche Bank Brian Mullan - Piper Sandler Jeff Farmer - Gordon Haskett Jim Sanderson - Northcoast Research Brian Vaccaro - Raymond James David Tarantino - Baird Brian Bittner - Oppenheimer Katherine Griffin - Bank of America Brian Harbour - Morgan Stanley Operator Good afternoon. My name is Emma and I will be your conference operator today.

The Cheesecake Factory Incorporated (CAKE) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Cheesecake Factory (CAKE) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Cheesecake Factory (CAKE) Reports Q3 Earnings: What Key Metrics Have to Say

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the third quarter of fiscal 2023, which ended on October 3, 2023. Total revenues were $830.2 million in the third quarter of fiscal 2023 compared to $784.0 million in the third quarter of fiscal 2022. Net income and diluted net income per share were $17.9 million and $0.37, respectively, in the third quarter of fiscal 2023. The Company recorded a pre-tax net expense.

The Cheesecake Factory Reports Results for Third Quarter of Fiscal 2023 and Provides Business Update

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory® (NASDAQ: CAKE) is giving out delicious treats – not tricks – to Cheesecake Rewards™ members in its annual fan-favorite Treat or Treat promotion. Today through Thursday, November 2, Cheesecake Rewards members will be treated to their choice of one complimentary slice of The Cheesecake Factory's legendary REESE'S® Peanut Butter Chocolate Cake Cheesecake or HERSHEY'S® Chocolate Bar Cheesecake with their dine-in, take-out or delivery.

No Tricks, Just Treats! The Cheesecake Factory Treats Cheesecake Rewards Members to Free Slices of Cheesecake

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced that it has acquired a 37 acre site in Charlestown, Indiana where it plans to develop its third bakery production facility. Once constructed, the facility will produce The Cheesecake Factory's world-famous cheesecakes and signature bakery products for its restaurants and other foodservice wholesalers, retailers and distributors, in addition to providing anticipated distribution efficienc.

The Cheesecake Factory Announces Plans for Third Bakery Production Facility

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced it will release third quarter fiscal 2023 financial results after market close on Wednesday, November 1, 2023. The Company will hold a conference call to discuss its results on the same day beginning at 2:00 p.m. Pacific Time. The conference call will be webcast and can be accessed on the Company's website, investors.thecheesecakefactory.com. A replay of the webcast will be available on.

The Cheesecake Factory to Webcast Third Quarter Fiscal 2023 Earnings Conference Call on November 1, 2023

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Bank of America analysts must have gotten a little peckish while writing their reports this week.  The firm initiated coverage of Shake Shack (NYSE:SHAK), Wingstop (NASDAQ:WING) and Jack in the Box Inc (NASDAQ:JACK), while reinstating its coverage of Cheesecake Factory Inc. (NASDAQ:CAKE).

Shake Shack, Wingstop, Jack in the Box and The Cheesecake Factory each added to BofA analysts' menu of stock ratings

Cheesecake Factory's (CAKE) focus on an off-premise business model and technology upgrades bode well. However, a volatile macro environment is a concern.

Cheesecake Factory (CAKE) Banks on Off-Premise Model, Costs High

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Recent comments by Bank of America (NYSE: BAC ) CEO Brian Moynihan have increased my confidence in my thesis that the U.S. is heading for “a soft landing.” Specifically, Moynihan said the U.S. Federal Reserve already achieved “a soft landing.

Tapping Into Trends: 7 Consumer Discretionary Stocks Set to Skyrocket

The stock has been crushed, down over 25% in two months, along with other niche restaurant operators and specialty retail stocks. Despite the sector-wide decline, operationally, nothing has changed for The Cheesecake Factory, with sales holding up and earnings remaining strong. The stock is now considered a value play, offering income with a yield approaching 4%, and growth is projected on earnings.

The Cheesecake Factory: Beaten And Battered

Cheesecake Factory (CAKE) reported earnings 30 days ago. What's next for the stock?

Why Is Cheesecake Factory (CAKE) Down 11.8% Since Last Earnings Report?

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) has been recognized as one of the 2023 PEOPLE Companies That Care®, according to PEOPLE magazine and Great Place to Work®, the global authority on workplace culture. The Cheesecake Factory® ranked 55 on the list, which is primarily based on an anonymous employee survey that measures how companies create a great work experience for all employees, as well as the company's broader community impact. Earning.

The Cheesecake Factory Named to the ‘PEOPLE Companies That Care' List for Third Consecutive Year

Cheesecake Factory (CAKE) is benefiting from solid comps growth, courtesy of increased average checks and customer traffic. However, commodity and labor inflation remain as concerns.

Solid Comps Aid Cheesecake Factory (CAKE), High Costs Hurt

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory® (NASDAQ: CAKE), known for its extensive menu, generous portions and legendary desserts, is helping to sweeten the start of the school year with a special online gift card offer now through Labor Day. For every $50 in Gift Cards purchased online at https://www.thecheesecakefactory.com/gift-cards from Monday, August 7 through Monday, September 4, 2023, guests will receive a complimentary $10 Bonus Card redeemable beginning Septembe.

The Cheesecake Factory Makes Going Back to School Sweeter With Special Online Gift Card Offer

Cheesecake Factory (CAKE) second-quarter 2023 results gain from robust same-store sales.

Cheesecake Factory (CAKE) Q2 Earnings Top on Solid Comps

Cheesecake Factory's (CAKE) fiscal second-quarter 2023 results reflect growth in comparable sales. Yet, construction challenges restrict restaurant openings.

Cheesecake Factory (CAKE) Q2 Earnings Top, Revenues Lag

The Cheesecake Factory Incorporated (NASDAQ:CAKE ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Etienne Marcus - VP, Finance and IR David Overton - Chairman and CEO David Gordon - President Matthew Clark - EVP and CFO Conference Call Participants Brian Mullan - Piper Sandler John Park - Wells Fargo Dennis Geiger - UBS Joshua Long - Stephens Inc. Brian Vaccaro - Raymond James Sharon Zackfia - William Blair Brian Harbour - Morgan Stanley Andy Barish - Jefferies David Tarantino - Baird John Ivankoe - JPMorgan Jeffrey Bernstein - Barclays Jim Sanderson - North Coast Research Operator Thank you for standing by. My name is Cindy and I will be your conference operator today.

The Cheesecake Factory Incorporated (CAKE) Q2 2023 Earnings Call Transcript

The headline numbers for Cheesecake Factory (CAKE) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Cheesecake Factory (CAKE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Cheesecake Factory (CAKE) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.52 per share a year ago.

Cheesecake Factory (CAKE) Q2 Earnings Top Estimates

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the second quarter of fiscal 2023, which ended on July 4, 2023. Total revenues were $866.2 million in the second quarter of fiscal 2023 compared to $832.6 million in the second quarter of fiscal 2022. Net income and diluted net income per share were $42.7 million and $0.87, respectively, in the second quarter of fiscal 2023. The Company recorded a pre-tax net expense.

The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2023 and Provides Business Update

The Cheesecake Factory Incorporated (CAKE) could serve up a less than appetizing sales outlook for year when the restaurant chain reports its second-quarter financial results on August 2, according to UBS analysts.   In a note to clients, they pointed to potential consumer spending pressures and still elevated pricing in 2023 as being possible risks to traffic and revenue targets this year.

Cheesecake Factory 2Q financial results could leave investors unsatisfied: analysts

Cheesecake Factory's (CAKE) second-quarter 2023 performance is likely to have been aided by robust comparable restaurant sales growth.

News for Cheesecake Factory Stock (CAKE)