Market Newsdesk

Travelers Institute^® Announces Fall 2023 Cybersecurity Education Tour

HARTFORD, Conn.–(BUSINESS WIRE)–
The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced its fall cybersecurity education tour, part of its Cyber: Prepare, Prevent, Mitigate, Restore^® series. Educational programs will be hosted in six cities across the United States, offering best practices for effectively preparing for and managing cyber incidents.

“We are looking forward to hitting the road this fall to help communities navigate an ever-evolving cybersecurity landscape,” said Joan Woodward, President of the Travelers Institute and Executive Vice President of Public Policy at Travelers. “Education is core to cyber resilience, and we are thrilled to convene thought leaders from coast to coast with insurance agents and brokers and other business leaders to share resources and, importantly, learn from one another.”

Each program will feature a keynote address, a panel discussion and an opportunity to engage with experts from Travelers, the U.S. Small Business Administration (SBA), the Cybersecurity and Infrastructure Security Agency (CISA), Mullen Coughlin and others.

The first program is scheduled for Sept. 12^{in Atlanta at the Georgia Tech Research Institute Conference Center. It will begin with a keynote address from Jay Gamble, Regional Director, Region 4, CISA. The session will also include perspectives from Carolyn Purwin Ryan, Partner, Mullen Coughlin; Terri Denison, District Director, Georgia District Office, SBA; Ryan Hebert, Business Information Security Officer, New York Stock Exchange; and John Menefee, CyberRisk Product Manager, Travelers.}

The remaining schedule is as follows:

• Tuesday, Sept. 19, San Ramon, California.

• Tuesday, Oct. 17, Worcester, Massachusetts.

• Friday, Oct. 20, Kansas City, Missouri.

• Tuesday, Nov. 7, Bellevue, Washington.

• Wednesday, Nov. 29, Dallas, Texas.

“Every business leader and employee has a responsibility to protect and advance the resilience of their company’s cyber infrastructure,” said David Rosado, Regional Director, Region 9, CISA, who will provide the keynote address and participate in the panel discussion at the Sept. 19 event. “We are proud to partner with the Travelers Institute and help individuals across the country become cyber secure.”

In addition to the live events, the Travelers Institute will be hosting a Wednesdays with Woodward^®webinar on Oct. 11 at 1 p.m. ET on the topic of cyber preparedness. Travelers Institute events are free and open to the public. Those interested in attending can register here. For more information, visit Travelers.com/Travelers-Institute.

About the Travelers Institute

The Travelers Institute, the public policy division of The Travelers Companies, Inc., engages in discussion and analysis of public policy topics of importance to the insurance marketplace and to the financial services industry more broadly. The Travelers Institute draws upon the industry expertise of Travelers’ senior management as well as the technical expertise of many of Travelers’ underwriters, risk managers and other experts to provide information, analysis and solutions to public policymakers and regulators. Travelers is a leading provider of property casualty insurance for auto, home and business. For more information, visit Travelers.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230829751775/en/

Media:

Kassondra Mangione, 860-277-0731

[email protected]

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Technology Professional Services Insurance Security

MEDIA:

Logo

A touchdown of a partnership: Lincoln Financial marks 20 years of Lincoln Financial Field and partnership with the Philadelphia Eagles

RADNOR, Pa.–(BUSINESS WIRE)–
Lincoln Financial Group (NYSE: LNC) is celebrating the 20^th anniversary of the opening of Lincoln Financial Field and its long-standing partnership with the Philadelphia Eagles.

Lincoln Financial Field, affectionately known as “The Linc,” has been a landmark in Philadelphia since its opening in August 2003. Home to the 2017 Super Bowl Champion Philadelphia Eagles, the Linc has hosted countless other world-class events, including the upcoming FIFA 2026 World Cup and WrestleMania 40 in April 2024. As an iconic Philadelphia landmark, the 20^th anniversary of Lincoln Financial Field is a milestone for the local community.

Lincoln Financial Group’s partnership with the Eagles extends well beyond the football field. Over the last two decades, Lincoln Financial and the Philadelphia Eagles have demonstrated their commitment to uplifting the Philadelphia community through philanthropic initiatives like the Eagles Autism Challenge and the Eagles Eye Mobile and partnerships with organizations like Big Brothers and Big Sisters of America and the Eagles Charitable Foundation. Additionally, Lincoln and the Eagles often join forces to promote financial wellness, aligning with Lincoln’s mission to provide financial protection and security.

“Our relationship with the Philadelphia Eagles is special for Lincoln. It has grown and evolved over the last 20 years, strengthened by our shared commitment to philanthropic efforts, local pride and community outreach,” says John Kennedy, executive vice president, president of Lincoln Financial Distributors and head of Brand. “It’s important to all Lincoln employees that we continue to make an impact alongside the Eagles, both at the Linc and in the Philadelphia community.”

To celebrate the 20^th anniversary, Lincoln Financial hosted a festive tailgate experience on Aug. 24 for employees and their families, as well as Big Brothers and Big Sisters. In recognition of the company’s beloved hometown, the pre-game party featured Philly-style fun, including an appearance by the Eagles mascot, SWOOP; the Eagles drumline and pep band; team cheerleaders and legendary Eagles player, Brian Dawkins. A live mural activation recognizing the Linc’s anniversary was completed on-site by local Philly artist Jose “Busta” Bustamante, curated by Conrad Benner of Streets Dept.

The event took place before the Eagles pre-season game against the Indianapolis Colts, during which Lincoln Financial’s president and CEO Ellen Cooper and John Kennedy served as honorary team captains. They were presented on the field with an honorary #20 jersey from Brian Dawkins.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. As of December 31, 2022, approximately 16 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $299.2 billion in end-of-period account balances, net of reinsurance as of June 30, 2023. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and ranks among Newsweek’s Most Responsible Companies. Dedicated to diversity, equity and inclusion, we are included on transparency benchmarking tools such as the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to providing our employees with flexible work arrangements, we were named to FlexJobs’ list of the Top 100 Companies to Watch for Remote Jobs in 2022. With a long and rich legacy of acting ethically, telling the truth and speaking up for what is right, Lincoln was recognized as one of Ethisphere’s 2023 World’s Most Ethical Companies®. We create opportunities for early career talent through our intern development program, which ranks among WayUp and Yello’s annual list of Top 100 Internship Programs. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230829679888/en/

Sarah Boxler, 215-495-8439

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Logo

Newegg Announces First Half 2023 Results

CITY OF INDUSTRY, Calif.–(BUSINESS WIRE)–
Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global technology e-commerce retailer, today announced results for the six months ended June 30, 2023.

“We continued to experience weaker than expected demand for consumer technology products and finished goods during the first half of 2023 as consumers remain cautious in the current macroeconomic environment,” said Newegg CEO Anthony Chow. “In light of the challenging environment, we continued to make progress on several key cost saving initiatives designed to protect our bottom line. For example, in June 2023, we terminated the lease of one of our Southern California warehouses as part of our ongoing effort to optimize our real estate footprint and improve overall utilization rates. In the same month, we also closed escrow on an office building in Diamond Bar, California, where we intend to relocate our corporate headquarters in 2024. Through the first six months of 2023, we realized SG&A savings of $23 million compared to the first six months of 2022, and we expect to realize additional cost savings for the remainder of 2023 and beyond as a result of these and other payroll and warehouse optimization measures.”

Newegg Chief Accounting Officer Christina Ching added, “In addition to our cost optimization initiatives, we continue to remain keenly focused on maintaining healthy inventory turnover and a strong cash position. We reduced our net inventory balance from $179 million as of June 30, 2022 to $138 million as of June 30, 2023. Furthermore, as of June 30, 2023, we had $51.8 million in cash on hand and $75 million in revolving credit availability under our credit agreement, which we believe is sufficient to cover our current working capital requirements.”

2023 First Half Financial Highlights

• Net sales decreased 18.8% to $723.2 million for the six months ended June 30, 2023, compared to $890.5 million for the six months ended June 30, 2022.

• GMV (defined below) decreased 21.8% to $882.5 million for the six months ended June 30, 2023, compared to $1,128.7 million for the six months ended June 30, 2022.

• Gross profit decreased 26.6% to $81.3 million for the six months ended June 30, 2023, compared to $110.8 million for the six months ended June 30, 2022.

• Net loss was $29.3 million for the six months ended June 30, 2023, compared to $18.9 million for the six months ended June 30, 2022.

• Adjusted EBITDA (defined below) decreased to $(10.3) million for the six months ended June 30, 2023, compared to $(3.9) million for the six months ended June 30, 2022.

2023 First Half Operational Metrics

• Average order value was $390 for the six months ended June 30, 2023, compared to $444 for same period in prior year.

• Active customers, defined as unique customer IDs with at least one item purchased on Newegg platforms in the past 6 months, totaled approximately 1.3 million as of June 30, 2023, a decrease from 1.5 million for the same period in the prior year.

• Repeat purchase rate, which is the percentage of active customers who made at least two purchases on Newegg platforms during the past 6 months, was 27.9% as of June 30, 2023, compared to 27.1% for the same period in the prior year.

Mr. Chow added, “Despite broad macroeconomic challenges, Newegg continues to prioritize the use of cutting-edge technology, including artificial intelligence (‘AI’) and machine learning, across our services and platforms to support a better customer experience. To date, we’ve developed innovative AI solutions to, among other things, summarize customer product reviews, make purchase recommendations through our PC Builder shopping tool, and manage quality assurance on our marketplace seller listings. We have also started to deploy robotics in our warehouses, which we expect to reduce our fulfillment time and costs to better serve our customers throughout North America. Newegg continues to push forward on a number of innovative initiatives that we believe will position the company for long-term growth.”

About Newegg

Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in the City of Industry, California, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com.

Follow Newegg on Twitter, TikTok, Instagram, Facebook, YouTube, Twitch and Discord.

Non-GAAP Financial Information

This press release presents certain “non-GAAP” financial measures. The components of these non-GAAP measures are computed by using amounts that are determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”). A reconciliation of non-GAAP financial measures used in this press release to their nearest comparable GAAP financial measures is included in the schedules attached hereto.

GMV

The Company defines gross merchandise value, or GMV, as the total dollar value of products sold on its websites and third-party marketplace platforms, directly to customers and by its Marketplace sellers through Newegg Marketplace, net of returns, discounts, taxes, and cancellations. GMV also includes the services fees charged through its Newegg Partner Services (“NPS”) in rendering services for its third-party logistics (“3PL”), shipped-by-Newegg (“SBN”), staffing and media ad services, as well as the sales made by its Asia subsidiaries.

Adjusted EBITDA

Newegg calculates Adjusted EBITDA as net income/loss, excluding stock-based compensation expense, depreciation and amortization expense, interest income, net, income tax (benefit) provision, gain/loss from warrants liabilities, gain/loss from sales of investment, impairment of equity investment, and loss (income) from equity investment.

Newegg believes that exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis and excludes items that it does not consider to be indicative of its core operating performance. Accordingly, Newegg believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating its operating results in the same manner as its management and board of directors.

Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of Newegg’s results as reported under GAAP. Some of these limitations are: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; Adjusted EBITDA does not reflect changes in, or cash requirements for, working capital needs; Adjusted EBITDA does not consider the potentially dilutive impact of stock-based compensation; Adjusted EBITDA does not reflect tax payments that may represent a reduction in cash available to Newegg; and other companies, including companies in our industry, may calculate Adjusted EBITDA differently, which reduces its usefulness as a comparative measure. Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, operating profit and Newegg’s other GAAP results.

Cautionary Statement Concerning Forward-Looking Statements

This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain other statements about the future may be deemed forward-looking statements. Although Newegg believes that the expectations reflected in such forward-looking statements are reasonable at the time given, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. These risks and uncertainties include changes in global economic and geopolitical conditions, fluctuations in customer demand and spending, inflation, interest rates and global supply chain constraints. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. The Company’s SEC filings are available at http://www.sec.gov.

NEWEGG COMMERCE, INC.
Consolidated Balance Sheets
(In thousands, except par value) (Unaudited)
		June 30, 2023				December 31, 2022
Assets
Current assets:
Cash and cash equivalents		$	51,797			$	122,559
Restricted cash			1,173				947
Accounts receivable, net			58,069				83,517
Inventories, net			137,789				156,016
Income taxes receivable			5,297				5,173
Prepaid expenses			12,729				16,999
Other current assets			9,415				5,611
Total current assets			276,269				390,822
Property and equipment, net			64,508				45,075
Noncurrent deferred tax assets			2,784				868
Investment at cost			5,625				11,250
Right of use assets, net			81,940				84,161
Other noncurrent assets			9,308				9,919
Total assets		$	440,434			$	542,095
Liabilities and Equity
Current liabilities:
Accounts payable		$	125,071			$	207,147
Accrued liabilities			34,529				51,003
Deferred revenue			15,654				31,028
Line of credit			32,354				6,056
Current portion of long-term debt			269				269
Lease liabilities – current			12,603				14,265
Total current liabilities			220,480				309,768
Long-term debt, less current portion			1,266				1,404
Income taxes payable			739				739
Lease liabilities – noncurrent			73,558				74,838
Other liabilities			111				124
Total liabilities			296,154				386,873
Stockholders’ Equity
Common Stock, $0.021848 par value; unlimited shares authorized; 379,050 and 376,660 shares issued and outstanding as of June 30, 2023, and December 31, 2022, respectively			8,282				8,230
Additional paid-in capital			251,314				232,776
Notes receivable – related party			(15,187	)			(15,189	)
Accumulated other comprehensive income			911				1,114
Accumulated deficit			(101,040	)			(71,709	)
Total stockholders’ equity			144,280				155,222
Total liabilities and stockholders’ equity		$	440,434			$	542,095

NEWEGG COMMERCE, INC.
Consolidated Statements of Operations
(In thousands, unaudited)
		Six Months Ended June 30,
		2023				2022
Net sales		$	723,249			$	890,540
Cost of sales			641,977				779,769
Gross profit			81,272				110,771
Selling, general, and administrative expenses			115,877				138,996
Loss from operations			(34,605	)			(28,225	)
Interest income			821				412
Interest expense			(463	)			(339	)
Other income, net			57				3,219
Gain from sales of investment			3,053				1,669
Change in fair value of warrants liabilities			21				737
Loss before provision for income taxes			(31,116	)			(22,527	)
Benefit from income taxes			(1,785	)			(3,658	)
Net loss		$	(29,331	)		$	(18,869	)

NEWEGG COMMERCE, INC.
Consolidated Statements of Cash Flows
(In thousands) (Unaudited)
		Six Months Ended June 30,
		2023				2022
Cash flows from operating activities:
Net loss		$	(29,331	)		$	(18,869	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			6,331				5,026
Allowance for expected credit losses			(469	)			65
Recovery of related party receivable			—				(25	)
Provision for obsolete and excess inventory			3,906				4,376
Stock-based compensation			17,923				16,143
Gain from sales of investment			(3,053	)			(1,669	)
Change in fair value of warrant liabilities			(21	)			(737	)
Loss (gain) on disposal of property and equipment			184				(14	)
Unrealized loss (gain) on marketable securities			(1	)			55
Deferred income taxes			(1,916	)			(6,701	)
Changes in operating assets and liabilities:
Accounts receivable			25,912				10,183
Inventories			14,292				61,433
Prepaid expenses			4,268				3,610
Other assets			3,955				(1,309	)
Accounts payable			(82,097	)			(80,476	)
Accrued liabilities and other liabilities			(19,446	)			(24,469	)
Deferred revenue			(15,398	)			(16,393	)
Dues from affiliate			2				2
Net cash used in operating activities			(74,959	)			(49,769	)
Cash flows from investing activities:
Payments to acquire property and equipment			(26,750	)			(5,890	)
Proceeds on disposal of property and equipment			60				1
Proceeds from sale of investment			3,412				—
Net cash used in investing activities			(23,278	)			(5,889	)
Cash flows from financing activities:
Borrowings under line of credit			27,594				31,234
Repayments under line of credit			(1,153	)			(10,771	)
Repayments of long-term debt			(134	)			(141	)
Proceeds from exercise of stock options			1,078				1,637
Payments for employee taxes related to stock compensation			(411	)			—
Net cash provided by financing activities			26,974				21,959
Foreign currency effect on cash, cash equivalents and restricted cash			727				425
Net decrease in cash, cash equivalents and restricted cash			(70,536	)			(33,274	)
Cash, cash equivalents and restricted cash:
Beginning of period			123,506				104,330
End of period		$	52,970			$	71,056

Schedule 1
Reconciliation of Net Sales to GMV
		For the Six Months Ended June 30,
		2023				2022
		(in millions)
Net Sales		$	723.2			$	890.5
Adjustments:
GMV – Marketplace			198.7				288.1
Marketplace Commission			(18.2	)			(26.6	)
Deferred Revenue			(9.3	)			(15.4	)
Other			(11.9	)			(7.9	)
GMV		$	882.5			$	1,128.7

Schedule 2
Reconciliation of Net Loss to Adjusted EBITDA
		For the Six Months Ended June 30,
		2023				2022
		(in millions)
Net loss		$	(29.3	)		$	(18.9	)
Adjustments:
Stock-based compensation expenses			17.9				16.1
Interest income, net			(0.4	)			(0.1	)
Income tax benefit			(1.8	)			(3.6	)
Depreciation and amortization			6.3				5.0
Gain from sale of investment			(3.0	)			(1.7	)
Gain from change in fair value of warrants liabilities			—				(0.7	)
Adjusted EBITDA		$	(10.3	)		$	(3.9	)

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230829654646/en/

Newegg Commerce, Inc.:

Investor Relations

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Data Management Consumer Electronics Technology Electronic Games General Entertainment Entertainment Wearables/Mobile Technology Apps/Applications Software Mobile/Wireless Hardware

MEDIA:

Logo

Insight Recognized Again in 2023 Gartner^® Magic Quadrant™ for Public Cloud IT Transformation Services

Insight’s capabilities as a Solutions Integrator guide cloud modernization strategy across every step of a client’s digital transformation journey

CHANDLER, Ariz.–(BUSINESS WIRE)–Insight Enterprises (NASDAQ:NSIT), a Fortune 500 Solutions Integrator driving client success through digital transformation, today announced it has been named as a Niche Player in the 2023 Gartner^® Magic Quadrant™ for Public Cloud IT Transformation Services. Insight believes this recognition further solidifies a unique market position as a trusted advisor helping organizations architect, build and manage cloud solutions for complex IT ecosystems.

According to Insight, inclusion in the Magic Quadrant signifies the company’s commitment to delivering impactful outcomes through cloud-native professional and managed application services. Solutions are built exclusively from public cloud infrastructure and platform services supported on Microsoft Azure, AWS and Google Cloud.

“We believe this Gartner recognition validates Insight’s power as a Solutions Integrator to accelerate the transition from traditional IT to hybrid and multi-cloud efficiency,” said Stan Lequin, president of solutions, Insight. “As organizations increasingly realize the benefits of cloud migration, the demand for expert guidance and support has grown significantly. Having a single partner capable of combining new technology with managed services — integrated into an existing environment — simplifies their digital transformation journey.”

Insight’s public cloud IT transformation services span a wide range of offerings, including cloud and infrastructure consulting, migration and implementation, application modernization, cybersecurity and services deriving enhanced business insights from the use of data, artificial intelligence and the intelligent edge.

“We consider inclusion in the 2023 Gartner Magic Quadrant for Public Cloud IT Transformation Services to be a testament to Insight’s experience and commitment to delivering exceptional value to clients. As organizations continue to prioritize harnessing the power of the cloud, we have a proven track record of driving client success across every step of digital transformation and how to manage a modern business,” said Dave Sasson, director, cloud services, Insight.

A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market’s competitors. By applying a graphical treatment and a uniform set of evaluation criteria, a Magic Quadrant helps you quickly ascertain how well technology providers are executing their stated visions and how well they are performing against Gartner’s market view.

To read a complimentary copy of the Gartner research report, please click here. For more information on Insight, visit insight.com or call 800-INSIGHT.

Disclaimer:

Gartner, Magic Quadrant for Public Cloud IT Transformation Services, Mark Ray, Craig Lowery, Tobi Bet, Allan Wilkins, Karl Rosander, Tom Sieber, 16 August 2023.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Insight

Insight Enterprises, Inc. is a Fortune 500 solutions integrator with 13,000 teammates worldwide helping organisations accelerate their digital journey to modernise their business and maximise the value of technology. We enable secure, end-to-end transformation and meet the needs of our clients through a comprehensive portfolio of solutions, far-reaching partnerships and 35 years of broad IT expertise. Rated as a Forbes World’s Best Employer and a Great Place to Work, we amplify our solutions and services with global scale, local expertise and a world-class e-commerce experience, realising the digital ambitions of our clients at every opportunity. Discover more at insight.com. NSIT-M

View source version on businesswire.com: https://www.businesswire.com/news/home/20230829917083/en/

Scott Walters

Insight Enterprises — North America

Tel. (480) 889-9798

Email: [email protected]

Ariel Kouvaras

Sloane & Company

Tel. (212) 446-1884

Email: [email protected]

KEYWORDS: United States North America Arizona

INDUSTRY KEYWORDS: Public Relations/Investor Relations Communications Data Management Technology Software

MEDIA:

Logo

Verizon is leading the way in revolutionizing the fight against spammers with security tools, a fortified network, and the option to stop unwanted email-to-text messages from spammers by texting OFF to 4040.

The Cheesecake Factory to Participate in Upcoming Investor Conferences

CALABASAS HILLS, Calif.–(BUSINESS WIRE)–
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced management will participate in the following upcoming investor conferences:

• Piper Sandler Growth Frontiers Conference to be held September 11-13, 2023 in Nashville, TN. David Gordon, President, and Matthew Clark, Executive Vice President and Chief Financial Officer, will participate in a fireside chat on Tuesday, September 12^th at 11:30 a.m. CT and host investor meetings.

• Wells Fargo 6^th Annual Consumer Conference to be held September 20-21, 2023 in Dana Point, CA. Matthew Clark, Executive Vice President and Chief Financial Officer, and Etienne Marcus, Vice President of Finance and Investor Relations, will participate in investor meetings on Wednesday, September 20^th.

The fireside chat will be webcast on the Company’s website atinvestors.thecheesecakefactory.com. A replay of the webcast will be available for 30 days following the live presentation. Investors interested in scheduling a meeting with management should contact their Piper Sandler or Wells Fargo sales representative.

About The Cheesecake Factory Incorporated

The Cheesecake Factory Incorporated is a leader in experiential dining. We are culinary forward and relentlessly focused on hospitality. Delicious, memorable experiences created by passionate people – this defines who we are and where we are going. We currently own and operate 323 restaurants throughout the United States and Canada under brands including The Cheesecake Factory®, North Italia® and a collection within our Fox Restaurant Concepts business. Internationally, 30 The Cheesecake Factory® restaurants operate under licensing agreements. Our bakery division operates two facilities that produce quality cheesecakes and other baked products for our restaurants, international licensees and third-party bakery customers. In 2023, we were named to the FORTUNE Magazine “100 Best Companies to Work For®” list for the tenth consecutive year. To learn more, visit www.thecheesecakefactory.com, www.northitalia.com and www.foxrc.com.

From Fortune ©2023 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 100 Best Companies to Work For are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, The Cheesecake Factory Incorporated.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230829563290/en/

Etienne Marcus

(818) 871-3000

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Finance Restaurant/Bar Food/Beverage Retail Professional Services

MEDIA:

Logo