{"id":500085,"date":"2021-06-02T09:07:33","date_gmt":"2021-06-02T13:07:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-cheesecake-factory-provides-business-update\/"},"modified":"2021-06-02T09:07:33","modified_gmt":"2021-06-02T13:07:33","slug":"the-cheesecake-factory-provides-business-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-cheesecake-factory-provides-business-update\/","title":{"rendered":"The Cheesecake Factory Provides Business Update"},"content":{"rendered":"

<\/p>\n

The Cheesecake Factory Provides Business Update<\/b><\/p>\n

CALABASAS HILLS, Calif.–(BUSINESS WIRE<\/a>)–The Cheesecake Factory Incorporated (NASDAQ: CAKE) today provided a business update in advance of the Company\u2019s participation at two upcoming investor conferences. Fiscal 2021 second quarter-to-date through May 31st comparable sales for The Cheesecake Factory restaurants increased approximately 196% year-over-year and 7% relative to the same period in fiscal 2019, supported by approximately one-third off-premise sales mix. Based on average weekly sales quarter-to-date of approximately $226,500, this equates to approximately $11.8 million on average, per unit on an annualized basis.<\/span><\/p>\n

As of today, nearly all of the Company\u2019s restaurants across its concepts, including 206 Cheesecake Factory locations, are operating with reopened indoor dining rooms with limited capacity in accordance with local mandates and social distancing protocols. On average, Cheesecake Factory restaurants with reopened dining rooms are operating at approximately 70% indoor capacity and approximately 75% total on-premise capacity including patios. One Cheesecake Factory location is operating an off-premise only model and two locations across the Company\u2019s concepts are currently closed with plans to reopen next week. One new Flower Child location opened in Atlanta last month.<\/span><\/p>\n

About The Cheesecake Factory Incorporated<\/b><\/p>\n

\nThe 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 \u2013 this defines who we are and where we are going. We currently own and operate 299 restaurants throughout the United States and Canada under brands including The Cheesecake Factory\u00ae<\/sup>, North Italia\u00ae<\/sup> and a collection within our Fox Restaurant Concepts business. Internationally, 28 The Cheesecake Factory\u00ae<\/sup> 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 2021, we were named to the FORTUNE Magazine \u201c100 Best Companies to Work For\u00ae<\/sup>\u201d list for the eighth consecutive year. To learn more, visit www.thecheesecakefactory.com<\/a>, www.northitalia.com<\/a> and www.foxrc.com<\/a>.\n<\/p>\n

\nFrom FORTUNE. \u00a92021 Fortune Media IP Limited. FORTUNE 100 Best Companies to Work For is a trademark of Fortune Media IP Limited and is used under license. FORTUNE and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Licensee.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210602005329\/en\/<\/a><\/span><\/p>\n

Stacy Feit
\n<\/span>
(818) 871-3000
\n<\/span>
investorrelations@thecheesecakefactory.com<\/span><\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Restaurant\/Bar Food\/Beverage<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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The Cheesecake Factory Provides Business Update CALABASAS HILLS, Calif.–(BUSINESS WIRE)–The Cheesecake Factory Incorporated (NASDAQ: CAKE) today provided a business update in advance of the Company\u2019s participation at two upcoming investor conferences. Fiscal 2021 second quarter-to-date through May 31st comparable sales for The Cheesecake Factory restaurants increased approximately 196% year-over-year and 7% relative to the same period in fiscal 2019, supported by approximately one-third off-premise sales mix. Based on average weekly sales quarter-to-date of approximately $226,500, this equates to approximately $11.8 million on average, per unit on an annualized basis. As of today, nearly all of the Company\u2019s restaurants across its concepts, including 206 Cheesecake Factory locations, are operating with reopened indoor dining rooms with limited capacity in accordance with local … <\/p>\n

Continue reading “The Cheesecake Factory Provides Business Update”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-500085","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Cheesecake Factory Provides Business Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-cheesecake-factory-provides-business-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Cheesecake Factory Provides Business Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Cheesecake Factory Provides Business Update CALABASAS HILLS, Calif.–(BUSINESS WIRE)–The Cheesecake Factory Incorporated (NASDAQ: CAKE) today provided a business update in advance of the Company\u2019s participation at two upcoming investor conferences. Fiscal 2021 second quarter-to-date through May 31st comparable sales for The Cheesecake Factory restaurants increased approximately 196% year-over-year and 7% relative to the same period in fiscal 2019, supported by approximately one-third off-premise sales mix. Based on average weekly sales quarter-to-date of approximately $226,500, this equates to approximately $11.8 million on average, per unit on an annualized basis. 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