42.43 -0.12 (-0.28%)
After hours: 4:11PM EST
|Bid||42.50 x 1200|
|Ask||42.52 x 1100|
|Day's Range||41.94 - 42.80|
|52 Week Range||35.83 - 51.15|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||20.23|
|Earnings Date||Feb 18, 2020 - Feb 24, 2020|
|Forward Dividend & Yield||1.44 (3.28%)|
|1y Target Est||46.63|
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
It's been another pedal to the metal year for business in the Valley, in a region that continues to top the rest of the major U.S. markets for population migration and headlines every week about companies relocating to the region or expanding. Considering how much business activity has been generated this year, it was difficult for the Phoenix Business Journal editorial staff to come up with the 10 nominees for the 2019 Businessperson of the Year award, but we did come to a consensus. This year's nominees impacted not only their own business but their industry sector and the broader business community.
Cheesecake Factory (CAKE) gains from expansion plans and sales building initiatives amid an industry that is increasingly plagued with high cost of operations and competition.
The Cheesecake Factory Incorporated (CAKE) today announced that it will present at the Stephens Investment Conference in Nashville on November 13, 2019 at 2:30 p.m. Central Time. David Overton, Chairman and Chief Executive Officer, David Gordon, President, and Matthew Clark, Executive Vice President and Chief Financial Officer, will present on behalf of the Company. The Cheesecake Factory Incorporated is a leader in experiential dining.
(Bloomberg Opinion) -- As third-quarter earnings season rolls on, a paradox confronts the restaurant industry. On the one hand, restaurant companies are touting the rise of off-premise and digital sales, which includes delivery, as an increasingly important source of growth. On the other, GrubHub Inc. just announced disappointing quarterly results and said that food delivery is only a means to an end, unlikely to ever be profitable on its own. The risk heading into 2020 is that the inevitable reckoning for the food-delivery businesses will spread to the broader restaurant industry.Restaurants have based much of their recent growth on consumer deliveries and rely heavily on just four companies — GrubHub, DoorDash Inc., Postmates Inc. and Uber Eats — which combined have about 95% of the market. That's what makes GrubHub's latest quarter so ominous. In a letter to investors, it said it didn't believe "that a company can generate significant profits on just the logistics component of the business." In other words, delivery will always be a low-margin business at best. GrubHub also reported some troubling trends: new customers tend to order fewer deliveries than earlier users; customers are losing their brand loyalty, and are more willing to switch to rival services; and those rival services now tend to offer delivery from a wider ranges of restaurants than GrubHub. All told, the bottom line was net income of just $1 million versus $22.7 million in the same period a year ago.But GrubHub also made the argument that its value to restaurants lies in its potential as an online advertising partner, and that delivery services are really just a vehicle for generating ad sales.This should not be reassuring news for DoorDash and Postmates -- which have almost half the market for meal delivery -- their investors, or their restaurant partners. The context, of course, is that GrubHub, which actually is profitable, says that meal delivery isn't where the money is. So where does that leave DoorDash or Postmates, both of which are unprofitable and have a sky-high combined valuation of $15 billion, based on rounds of private investment funding earlier this year? Both now must cope with the long odds of going forward with initial public offerings this year after the botched IPO of WeWork parent We Co. And why would anyone bother putting more money into those unprofitable companies when investors can simply buy shares for much less in GrubHub, which now has a market value of $3 billion?It doesn’t seem all that far-fetched to imagine these two companies undergoing the same kind of brutal retrenchment that WeWork is facing; reducing advertising spending, cutting coupons and incentives, raising prices and exiting unprofitable markets. Uber Eats, of course, is a slightly different case because it's part of a much larger operation, theoretically one with more access to capital. Yet it faces similar funding constraints; parent Uber Technologies Inc. is a huge money loser, its shares have declined by almost 30% since the company went public in May and investors are looking for signs of profitability.If the food-delivery services start cutting back, it's likely to show up in restaurant earnings reports during the next several quarters. Just by way of example: On Tuesday evening in a conference call to discuss its latest quarterly results, Cheesecake Factory Inc. said that off-premise sales now comprise 16% of revenue, with delivery being 35% of that amount, or 5.6% of total sales. The company uses DoorDash for deliveries. If this relationship is typical, and there's every reason to think it is, it means restaurants are dependent on companies with a good deal of downside risk, in much the same way that owners of commercial properties are at risk from having WeWork as a major tenant.For now, GrubHub's bad news has only hurt its own stock. But to the extent its warning proves prescient, the restaurant industry could be in for a painful 2020.To contact the author of this story: Conor Sen at email@example.comTo contact the editor responsible for this story: James Greiff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Conor Sen is a Bloomberg Opinion columnist. He is a portfolio manager for New River Investments in Atlanta and has been a contributor to the Atlantic and Business Insider.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Following its acquisition of Fox Restaurant Concepts for $308 million, the Cheesecake Factory's president said the company is starting to determine how it will blend Sam Fox’s restaurants into its larger system, and is already at national expansion of Fox's popular brands.
Cheesecake Factory (CAKE) delivered earnings and revenue surprises of 9.26% and -1.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
The Cheesecake Factory Incorporated today reported financial results for the third quarter of fiscal 2019, which ended on October 1, 2019.
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The Cheesecake Factory is now in control of a lot more than just, well, cheesecake. Calabasas Hills, California-based The Cheesecake Factory Inc. (NASDAQ: CAKE), which is busy planning for its second D.C. location, has closed its acquisitions of both North Italia and Arizona-based Fox Restaurant Concepts, the company behind Flower Child, Zinburger and multiple other concepts. The Cheesecake Factory had previously invested $88 million in the North Italia and Flower Child concepts in anticipation of the deal closing, the release states.
The Cheesecake Factory Incorporated (CAKE) today announced that it has closed the acquisitions of North Italia and Fox Restaurant Concepts (“FRC”), including Flower Child. An additional $45 million will be due ratably over the next four years, and the FRC transaction also includes an earn-out provision based on the financial performance of the FRC brands outside of North Italia and Flower Child.
The Cheesecake Factory Incorporated (CAKE) today announced it will release third quarter fiscal 2019 financial results after market close on Tuesday, October 29, 2019. 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.
The Cheesecake Factory Inc. (NASDAQ: CAKE) expects a long stay at its new downtown D.C. home. The lease between Calabasas Hills, California’s The Cheesecake Factory Restaurants Inc. and 15th and H Street Associates LLC, for the large restaurant space at 1426 H St. NW, is for 240 months, or 20 years, per the lease, which was signed July 23 but recorded Monday with the District. The Cheesecake Factory is expected to open in the former Woodward Table space, in the historic Woodward building, next year.
Today we'll evaluate The Cheesecake Factory Incorporated (NASDAQ:CAKE) to determine whether it could have potential as...
Cheesecake Factory Inc (NASDAQ: CAKE ) offers investors exposure to the healthy U.S. consumer and investors should be buyers of the stock ahead of an inflection in top-line growth, according to Wells Fargo. ...