Very high debt burden and not setup for online ordering/delivery success. Look at how much alone they took out in the last 18-months....yikes.
Furloughing workers and not paying rent....be careful about holding long here I'd say.
Plus a lot of the their locations are at malls....the type of place people will avoid more the before even when all these 'stay at home' directives are lifted.
They tried to sugar coat their 'success' by saying their online sales have risen 80%.
Well considering their online sales were probably $500k a month prior to the pandemic, well you do the math.
I laid some bets here under $7.50 in the next 6 months.
Recent CAKE News
- The Cheesecake Factory Named to the ‘PEOPLE Companies that Care’ List for Fourth Consecutive Year • Business Wire • 08/21/2024 08:58:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/05/2024 09:00:45 PM
- The Cheesecake Factory Makes Back to School Season Sweeter With Special Online Gift Card Offer • Business Wire • 08/05/2024 12:11:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:30:41 PM
- The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2024 • Business Wire • 07/31/2024 08:15:00 PM
- The Cheesecake Factory to Webcast Second Quarter Fiscal 2024 Earnings Conference Call on July 31, 2024 • Business Wire • 07/10/2024 08:15:00 PM
- The Cheesecake Factory Offers Triple the Reasons to Celebrate National Cheesecake Day This Year • Business Wire • 07/09/2024 12:11:00 PM
- The Cheesecake Factory Celebrates Dads and Grads With a Sweet Online Gift Card Offer • Business Wire • 06/06/2024 12:11:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 08:31:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 09:46:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 09:44:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 09:43:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 09:42:31 PM
- The Cheesecake Factory to Participate in Upcoming Investor Conferences • Business Wire • 05/23/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 09:00:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/14/2024 10:33:02 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 09:01:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:30:44 PM
- The Cheesecake Factory Reports Results for First Quarter of Fiscal 2024 • Business Wire • 05/08/2024 08:15:00 PM
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- The Cheesecake Factory Celebrates Moms With Sweet Online Gift Card Offer • Business Wire • 04/29/2024 12:11:00 PM
- The Cheesecake Factory to Webcast First Quarter Fiscal 2024 Earnings Conference Call on May 8, 2024 • Business Wire • 04/17/2024 08:15:00 PM
- The Cheesecake Factory Named to Fortune’s ‘100 Best Companies to Work For’ List for Eleventh Time • Business Wire • 04/04/2024 08:58:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/26/2024 10:00:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 09:30:46 PM
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