cheesecake factory inc/the (CAKE) Key Developments
The Cheesecake Factory Incorporated to Open New Restaurants in Third Quarter and Full Year of 2015
Jul 22 15
The Cheesecake Factory Incorporated announced that it expects to open two restaurants in the third quarter, one in Austin, Texas, and the other in Memphis, Tennessee, a new market for the company. Internationally, the company still expects as many as 3 restaurants to open 2015 under licensing agreements. The first opening took place in Mexico City in March, and 2 restaurants are scheduled to open in the Middle East in the fourth quarter of 2015.
The Cheesecake Factory Incorporated Declares Quarterly Cash Dividend, Payable on August 18, 2015
Jul 22 15
The Board of Directors of The Cheesecake Factory Incorporated declared a quarterly cash dividend of $0.20 per share on the company’s common stock, which equates to a 21% increase in the company’s quarterly dividend. The dividend is payable on August 18, 2015 to shareholders of record at the close of business on August 5, 2015.
The Cheesecake Factory Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure and Tax Rate Guidance for 2015
Jul 22 15
The Cheesecake Factory Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenues were $529,107,000 as compared to $496,406,000 a year ago. Income from operations was $49,753,000 as compared to $42,691,000 a year ago. Income before income taxes was $48,321,000 as compared to $41,147,000 a year ago. Net income was $34,724,000 or $0.69 per diluted share as compared to $30,049,000 or $0.59 per diluted share a year ago. Non-GAAP net income was $34,724,000 or $0.69 per diluted share as compared to $30,355,000 or $0.59 per diluted share a year ago.
For the six months, revenues were $1,047,080,000 as compared to $977,837,000 a year ago. Income from operations was $90,807,000 as compared to $75,764,000 a year ago. Income before income taxes was $87,480,000 as compared to $72,829,000 a year ago. Net income was $63,147,000 or $1.25 per diluted share as compared to $52,567,000 or $1.01 per diluted share a year ago. Non-GAAP net income was $63,147,000 or $1.25 per diluted share as compared to $52,985,000 or $1.02 per diluted share a year ago.
The company announced total capital expenditures are expected to remain between $120 million and $130 million in 2015. As to the company's corporate tax rate, it still expected it to be in a range of between 27% and 28% for 2015.
The Cheesecake Factory Opens New Restaurant in Center City Philadelphia
Jun 23 15
The Cheesecake Factory announced the opening of its newest restaurant in Center City Philadelphia. With more than 250 menu selections including more than 50 lower calorie SkinnyLicious dishes -all handmade, in-house with fresh ingredients- and more than 50 signature cheesecakes and desserts, The Cheesecake Factory’s opening provides new choices for Philadelphia visitors, shoppers and area residents. Located on the second floor of a remarkable new all-glass building on the corner of 15th and Walnut Streets, the new restauran' extensive menu, featuring imported limestone floors and custom wood columns, hand painted murals, modern lighting and an enclosed patio with a retractable glass wall that will open to provide an unobstructed view of Walnut Street, the approximately 10,900 square-foot restaurant accommodates approximately 285 guests. The Cheesecake Factory of Philadelphia will open at 11:30 a.m. Monday through Saturday, and 10:00 a.m. on Sunday. The restaurant is located at 1430 Walnut Street, Philadelphia, PA 19102.
The Cheesecake Factory Incorporated Presents at Piper Jaffray 35th Annual Consumer Conference, Jun-10-2015 09:05 AM
May 27 15
The Cheesecake Factory Incorporated Presents at Piper Jaffray 35th Annual Consumer Conference, Jun-10-2015 09:05 AM. Venue: New York Palace Hotel, New York, New York, United States. Speakers: David M. Gordon, President, David M. Overton, Chairman and Chief Executive Officer, W. Douglas Benn, Chief Financial Officer and Executive Vice President.