Recent Insider Transactions • Aug 02
Insider recently sold Mex$6.1m worth of stock On the 30th of July, Ashley Hanscom sold around 4k shares on-market at roughly Mex$1,735 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$44m more than they bought in the last 12 months. Declared Dividend • Aug 01
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 11th August 2026 Payment date: 25th August 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 30%. Cash payout ratio: 35%. New Risk • Jul 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Shares are highly illiquid. Minor Risk Significant insider selling over the past 3 months (Mex$2.8m sold). Buy Or Sell Opportunity • Jul 30
Now 47% overvalued The stock has been flat over the last 90 days, currently trading at Mex$1,750. The fair value is estimated to be Mex$1,189, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 7.2% in a year. Earnings are forecast to grow by 30% in the next year. Duyuru • Jul 29
The Cheesecake Factory Incorporated Declares Quarterly Dividend, Payable on August 25, 2026 The Cheesecake Factory Incorporated announced that the company’s Board of Directors has declared a quarterly dividend of $0.30 per share to be paid on August 25, 2026, to shareholders of record at the close of business on August 11, 2026. Duyuru • Jul 28
The Cheesecake Factory Introduces Brownie Crunch Choc-A-Lot Cheesecake and Offers Any Slice Half Price for Dine-In Guests The Cheesecake Factory celebrated National Cheesecake Day on July 30 by offering any slice of its more than 30 legendary flavors of cheesecake for half price to all dine-in guests, and introducing its newest flavor: Brownie Crunch Choc-a-Lot Cheesecake. The Brownie Crunch Choc-a-Lot Cheesecake is creamy milk and white chocolate marbled cheesecake on a rich, crunchie toffee brownie. For every slice of Brownie Crunch Choc-a-Lot Cheesecake sold through July 29, 2027, The Cheesecake Factory will donate 25 cents to Feeding America, the hunger-relief organization in the United States, dedicated to fighting hunger through a network of food banks. The offer is valid July 30, 2026 for dine-in only. One slice of cheesecake per dine-in guest. Must be present. Offer valid at restaurants in the U.S.A. Subject to availability. Board Change • Jul 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 08
The Cheesecake Factory Incorporated to Report Q2, 2026 Results on Jul 28, 2026 The Cheesecake Factory Incorporated announced that they will report Q2, 2026 results After-Market on Jul 28, 2026 Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 29
The Cheesecake Factory Incorporated(NasdaqGS:CAKE) dropped from Russell 2000 Dynamic Index The Cheesecake Factory Incorporated(NasdaqGS:CAKE) dropped from Russell 2000 Dynamic Index Duyuru • May 02
The Cheesecake Factory Incorporated Declares A Quarterly Dividend, Payable on May 26, 2026 The Cheesecake Factory Incorporated announced that the Company’s Board of Directors has declared a quarterly dividend of $0.30 per share to be paid on May 26, 2026, to shareholders of record at the close of business on May 13, 2026. Duyuru • Apr 13
The Cheesecake Factory Incorporated, Annual General Meeting, May 28, 2026 The Cheesecake Factory Incorporated, Annual General Meeting, May 28, 2026. Duyuru • Apr 09
The Cheesecake Factory Incorporated to Report Q1, 2026 Results on Apr 29, 2026 The Cheesecake Factory Incorporated announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2026 Duyuru • Apr 01
the Cheesecake Factory Introduces New App with Exclusive Offer for Cheesecake Rewards Members The Cheesecake Factory Incorporated introducing a new app with a sweet offer for Cheesecake Rewards members. On April Fools’ Day through April 30, Rewards members who download the app and log in to their account will receive a free slice of any of The Cheesecake Factory’s more than 30 legendary flavors of cheesecake or layer cake with any purchase – no joke! Cheesecake Rewards is The Cheesecake Factory’s unique rewards program that is available nationwide. The program is free to join and provides members with access to online reservations, a complimentary slice of cheesecake for their birthday, special delivery offers from DoorDash and personalized rewards throughout the year. Guests who are not yet members of Cheesecake Rewards can sign up, download the app, and log into their accounts by April 30 to receive the free slice offer. Recent Insider Transactions • Mar 06
Executive VP & CFO recently sold Mex$7.9m worth of stock On the 25th of February, Matthew Clark sold around 7k shares on-market at roughly Mex$1,127 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. Declared Dividend • Feb 23
Fourth quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 4th March 2026 Payment date: 17th March 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 21
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Shares are highly illiquid. Minor Risk Large one-off items impacting financial results. New Risk • Feb 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (103% net debt to equity). Large one-off items impacting financial results. Duyuru • Feb 19
The Cheesecake Factory Incorporated Declares Quarterly Cash Dividend on Common Stock , Payable on March 17, 2026 On February 12, 2026, The Cheesecake Factory Incorporated Board of Directors declared a quarterly cash dividend of $0.30 per share which will be paid on March 17, 2026 to the stockholders of record of each share of the Company’s common stock at the close of business on March 4, 2026. Future decisions to pay or to increase or decrease dividends are at the discretion of the Board and will depend upon operating performance and other factors. Board Change • Feb 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 29
The Cheesecake Factory Incorporated to Report Q4, 2025 Results on Feb 18, 2026 The Cheesecake Factory Incorporated announced that they will report Q4, 2025 results After-Market on Feb 18, 2026 Board Change • Jan 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Dec 02
The Cheesecake Factory Incorporated's Peppermint Stick Chocolate Swirl Cheesecake and Special Holiday Gift Card Offer Return The Cheesecake Factory announced that it is bringing back its Peppermint Stick Chocolate Swirl Cheesecake for the holidays. This festive flavor features peppermint swirled with white and dark chocolate cheesecake all on a delicious mint chocolate brownie, and is now available at all The Cheesecake Factory restaurants nationwide. Additionally, The Cheesecake Factory is featuring a special holiday gift card offer online and in its restaurants nationwide through the end of the year: For every $50 worth of gift cards purchased, guests will receive a $15 bonus card that can be redeemed from January 1 through February 28, 2026. With more than 250 menu selections - freshly prepared and from scratch - including recently introduced Bites and Bowls - and more than 30 legendary cheesecakes, The Cheesecake Factory gift cards and bonus cards are the perfect gift for anyone on holiday shopping list, or to keep for yourself. Declared Dividend • Nov 01
Third quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 10th November 2025 Payment date: 25th November 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Oct 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (Mex$12m sold). Duyuru • Oct 30
The Cheesecake Factory Incorporated Provides Earnings Guidance for the Fourth Quarter of 2025 and Full Year of 2026 The Cheesecake Factory Incorporated provided earnings guidance for the fourth quarter of 2025 and full year of 2026. For the quarter, the company expects total revenues to be between $940 million and $955 million, representing an approximate 1% step down from the third quarter sales trend.
For the year 2026, the company expects total revenue growth of approximately 4% to 5% over full year 2025, with sales trends expected to improve as the year progresses. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: US$0.68 (vs US$0.63 in 3Q 2024) Third quarter 2025 results: EPS: US$0.68 (up from US$0.63 in 3Q 2024). Revenue: US$907.2m (up 4.8% from 3Q 2024). Net income: US$31.9m (up 6.4% from 3Q 2024). Profit margin: 3.5% (in line with 3Q 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in South America. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 29
The Cheesecake Factory Incorporated Declares Quarterly Dividend, Payable on November 25, 2025 The Cheesecake Factory Incorporated's Board of Directors has declared a quarterly dividend of $0.27 per share to be paid on November 25, 2025, to shareholders of record at the close of business on November 11, 2025. Board Change • Oct 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 08
The Cheesecake Factory Incorporated to Report Q3, 2025 Results on Oct 28, 2025 The Cheesecake Factory Incorporated announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 28, 2025 Board Change • Sep 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 03
Second quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 12th August 2025 Payment date: 26th August 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Aug 02
Independent Director recently sold Mex$15m worth of stock On the 31st of July, Alexander Cappello sold around 12k shares on-market at roughly Mex$1,238 per share. This transaction amounted to 64% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$66m more than they bought in the last 12 months. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: US$1.18 (vs US$1.10 in 2Q 2024) Second quarter 2025 results: EPS: US$1.18 (up from US$1.10 in 2Q 2024). Revenue: US$955.8m (up 5.7% from 2Q 2024). Net income: US$54.8m (up 4.5% from 2Q 2024). Profit margin: 5.7% (down from 5.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in South America. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 30
The Cheesecake Factory Incorporated Declares Quarterly Dividend, Payable on August 26, 2025 The Board of Directors of The Cheesecake Factory Incorporated declared a quarterly dividend of $0.27 per share to be paid on August 26, 2025, to shareholders of record at the close of business on August 12, 2025. Board Change • Jul 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 09
The Cheesecake Factory Incorporated to Report Q2, 2025 Results on Jul 29, 2025 The Cheesecake Factory Incorporated announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Duyuru • Jul 02
The Cheesecake Factory Incorporated Introduces New Flavor: Peach Perfect with Raspberry Drizzle The Cheesecake Factory Incorporated is celebrating its favorite holiday - National Cheesecake Day - on July 30 by introducing its newest flavor: Peach Perfect with Raspberry Drizzle - peach cheesecake swirled with peaches, on a vanilla crust, finished with raspberry sauce. For every slice of Peach Perfect with Raspberry Drizzle sold through July 29, 2026, The Cheesecake Factory will donate 25 cents to Feeding America®?, the largest hunger-relief organization in the United States, with a nationwide network of partner food banks, agencies, food pantries and meal programs helping to provide billions of meals to people facing hunger. The Cheesecake Factory has donated more than $6.8 million to Feeding America since 2008 through the sale of its specially designated cheesecakes. Additionally, guests who sign up for Cheesecake Rewards®? by National Cheesecake Day can dine-in with their party of up to six people on July 30 and everyone can enjoy any slice of The Cheesecake Factory's more than 30 legendary flavors of cheesecake - including the new Peach Perfect with Raspberry Drizzle- for half price. Cheesecake Rewards is The Cheesecake Factory's unique rewards program that is available nationwide. The program is free to join and provides members with personalized surprises throughout the year, access to online reservations and special celebrations - like this exclusive National Cheesecake Day offer on July 30. Donations made on slices sold at all The Cheesecake Factory restaurants in the U.S.A., including Puerto Rico. Offer valid July 30, 2025 for dine-in only. At least one member of party must be enrolled as a Cheesecake Rewards member by July 30, 2025. One discounted slice of cheesecake or layer cake per dine-in guest per party. Maximum of six discounted slices per party. One time use only. Each guest must be present to redeem. Offer only valid at restaurants in the U.S., including Puerto Rico. Recent Insider Transactions • Jun 05
Insider recently sold Mex$12m worth of stock On the 28th of May, Keith Carango sold around 11k shares on-market at roughly Mex$1,069 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$14m. Insiders have been net sellers, collectively disposing of Mex$51m more than they bought in the last 12 months. Board Change • Jun 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 02
The Cheesecake Factory Incorporated announces Quarterly dividend, payable on May 27, 2025 The Cheesecake Factory Incorporated announced Quarterly dividend of USD 0.2700 per share payable on May 27, 2025, ex-date on May 14, 2025 and record date on May 14, 2025. Duyuru • Apr 12
The Cheesecake Factory Incorporated, Annual General Meeting, May 22, 2025 The Cheesecake Factory Incorporated, Annual General Meeting, May 22, 2025. Duyuru • Apr 10
The Cheesecake Factory Incorporated to Report Q1, 2025 Results on Apr 30, 2025 The Cheesecake Factory Incorporated announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Recent Insider Transactions • Mar 01
Executive VP & CFO recently sold Mex$11m worth of stock On the 27th of February, Matthew Clark sold around 10k shares on-market at roughly Mex$1,099 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. Declared Dividend • Feb 25
Fourth quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 5th March 2025 Payment date: 18th March 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Feb 21
The Cheesecake Factory Incorporated announces Quarterly dividend, payable on March 18, 2025 The Cheesecake Factory Incorporated announced Quarterly dividend of USD 0.2700 per share payable on March 18, 2025, ex-date on March 05, 2025 and record date on March 05, 2025. Reported Earnings • Feb 20
Full year 2024 earnings released: EPS: US$3.28 (vs US$2.10 in FY 2023) Full year 2024 results: EPS: US$3.28 (up from US$2.10 in FY 2023). Revenue: US$3.58b (up 4.1% from FY 2023). Net income: US$156.8m (up 55% from FY 2023). Profit margin: 4.4% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in South America. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Feb 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 30
The Cheesecake Factory Incorporated to Report Q4, 2024 Results on Feb 19, 2025 The Cheesecake Factory Incorporated announced that they will report Q4, 2024 results After-Market on Feb 19, 2025 Board Change • Jan 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 12
Insider recently sold Mex$13m worth of stock On the 6th of November, Keith Carango sold around 13k shares on-market at roughly Mex$1,011 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$16m more than they bought in the last 12 months. Declared Dividend • Nov 04
Third quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 13th November 2024 Payment date: 26th November 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Shares are highly illiquid. Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$0.63 (vs US$0.37 in 3Q 2023) Third quarter 2024 results: EPS: US$0.63 (up from US$0.37 in 3Q 2023). Revenue: US$865.5m (up 4.2% from 3Q 2023). Net income: US$30.0m (up 67% from 3Q 2023). Profit margin: 3.5% (up from 2.2% in 3Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in South America. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Oct 30
The Cheesecake Factory Incorporated Declares Quarterly Dividend, Payable on November 26, 2024 The Cheesecake Factory Incorporated's Board of Directors has declared a quarterly dividend of $0.27 per share to be paid on November 26, 2024, to shareholders of record at the close of business on November 13, 2024. Duyuru • Oct 23
JCP Investment Management Proposes Spin-Off Of Smaller Brands From Cheesecake Factory On October 21, 2024, JCP Investment Management urged the Cheesecake Factory to consider spinning off 3 of its smaller brands. Further, JCP Investment Management has recommended that Company executives separate their North Italia, Flower Child, and Culinary Dropout restaurants into a distinct company. In Addition, JCP Investment Management argues that the strategy would enable management to concentrate on achieving faster growth and reaching their financial targets. Additionally, JCP Investment Management has expressed its willingness to invest capital into the newly spun-off entity to support its expansion. Duyuru • Oct 22
JCP Investment Management Urges Cheesecake Factory to Explore a Potential Split On October 21, 2024, JCP Investment Management, which has built roughly a 2% stake in The Cheesecake Factory Incorporated, has privately told executives that North Italia, Flower Child, and Culinary Dropout brands would be better off as a separate company. Board Change • Oct 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 02
The Cheesecake Factory Incorporated to Report Q3, 2024 Results on Oct 29, 2024 The Cheesecake Factory Incorporated announced that they will report Q3, 2024 results After-Market on Oct 29, 2024 Board Change • Aug 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Adam Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Aug 01
The Cheesecake Factory Incorporated Declares Quarterly Dividend, Payable on August 27, 2024 The Cheesecake Factory Incorporated's Board of Directors has declared a quarterly dividend of $0.27 per share to be paid on August 27, 2024 to shareholders of record at the close of business on August 14, 2024. Duyuru • Jul 11
The Cheesecake Factory Incorporated to Report Q2, 2024 Results on Jul 31, 2024 The Cheesecake Factory Incorporated announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Mex$711, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Hospitality industry in South America. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$512 per share. Duyuru • May 10
The Cheesecake Factory Incorporated Declares Quarterly Dividend, Payable on June 4, 2024 The Cheesecake Factory Incorporated Board of Directors has declared a quarterly dividend of $0.27 per share to be paid on June 4, 2024 to shareholders of record at the close of business on May 22, 2024. Duyuru • Apr 20
The Cheesecake Factory Incorporated, Annual General Meeting, May 30, 2024 The Cheesecake Factory Incorporated, Annual General Meeting, May 30, 2024, at 10:00 Pacific Standard Time. Agenda: To elect nine nominees to serve as directors of the Company for a term to expire at the Company's 2025 annual meeting of stockholders or until their respective successors shall be elected and qualified; to approve and adopt the Restated Certificate of Incorporation of The Cheesecake Factory Incorporated to provide for the exculpation of officers as permitted by the Delaware General Corporation Law; to ratify the selection of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2024, ending December 31, 2024; to approve, on a non-binding, advisory basis, the compensation of the Company's Named Executive Officers as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission; to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. Duyuru • Apr 19
The Cheesecake Factory Incorporated to Report Q1, 2024 Results on May 08, 2024 The Cheesecake Factory Incorporated announced that they will report Q1, 2024 results After-Market on May 08, 2024 Duyuru • Mar 15
The Cheesecake Factory Incorporated Announces Retirement of Herbert Simon from the Board On March 7, 2024, Herbert Simon, a member of The Cheesecake Factory Incorporated (the Company) Board of Directors since 2011, notified the Board of his intention to retire from the Board, effective immediately. Duyuru • Feb 22
The Cheesecake Factory Incorporated Declares Quarterly Dividend, Payable on March 19, 2024 The Cheesecake Factory Incorporated's Board of Directors has declared a quarterly dividend of $0.27 per share to be paid on March 19, 2024 to shareholders of record at the close of business on March 6, 2024. Duyuru • Feb 01
The Cheesecake Factory Incorporated to Report Q4, 2023 Results on Feb 21, 2024 The Cheesecake Factory Incorporated announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Duyuru • Nov 02
the Cheesecake Factory Incorporated Declares Quarterly Dividend for Third Quarter of Fiscal 2023, Paid on November 28, 2023 The Cheesecake Factory Incorporated announced that the Board of Directors for third quarter of fiscal 2023 has declared a quarterly dividend of $0.27 per share to be paid on November 28, 2023 to shareholders of record at the close of business on November 15, 2023. Duyuru • Oct 12
The Cheesecake Factory Incorporated to Report Q3, 2023 Results on Nov 01, 2023 The Cheesecake Factory Incorporated announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Duyuru • Aug 03
The Cheesecake Factory Incorporated Declares Quarterly Cash Dividend, Payable on August 29, 2023 On July 27, 2023, the Board of Directors of The Cheesecake Factory Incorporated declared a quarterly cash dividend of $0.27 per share which will be paid on August 29, 2023, to the stockholders of record of each share of the Company’s common stock at the close of business on August 16, 2023. Duyuru • Jul 13
The Cheesecake Factory Incorporated to Report Q2, 2023 Results on Aug 02, 2023 The Cheesecake Factory Incorporated announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2023 Duyuru • May 13
The Cheesecake Factory Incorporated Declares Quarterly Cash Dividend, Payable on June 6, 2023 The Cheesecake Factory Incorporated announced that on May 10, 2023, the Board of Directors of the Company declared a quarterly cash dividend of $0.27 per share which will be paid on June 6, 2023 to the stockholders of record of each share of the Company’s common stock at the close of business on May 24, 2023. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.27 per share at 2.9% yield Eligible shareholders must have bought the stock before 07 March 2023. Payment date: 21 March 2023. Trailing yield: 2.9%. Lower than top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (10%). Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$0.87 (vs US$1.03 in FY 2021) Full year 2022 results: EPS: US$0.87 (down from US$1.03 in FY 2021). Revenue: US$3.30b (up 13% from FY 2021). Net income: US$43.1m (down 12% from FY 2021). Profit margin: 1.3% (down from 1.7% in FY 2021). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in South America. Duyuru • Feb 16
The Cheesecake Factory at Home Makes Grocery Shopping Sweeter with New Premium Cheesecake Ice Cream Bars The Cheesecake Factory introduced two premium cheesecake flavored ice cream bars dipped in a delicious chocolatey cookie-crunch coating to create a two-in-one frozen dessert perfect for every occasion. The cheesecake ice cream bars are rolling out now to the frozen aisle of grocery stores nationwide (SRP: $5.49-$5.99/4-pack) and join The Cheesecake Factory At Home premium cheesecake ice cream pints introduced in 2020. The Cheesecake Factory collaborated with Wells Enterprises Inc. to produce the pints and the new cheesecake ice cream bars. Duyuru • Feb 02
The Cheesecake Factory Incorporated to Report Q4, 2022 Results on Feb 22, 2023 The Cheesecake Factory Incorporated announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023 Recent Insider Transactions • Dec 13
Independent Director recently bought Mex$2.5m worth of stock On the 8th of December, Edie Ames bought around 4k shares on-market at roughly Mex$635 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$4.0m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$0.51 (vs US$0.32 in 2Q 2021) Second quarter 2022 results: EPS: US$0.51 (up from US$0.32 in 2Q 2021). Revenue: US$832.6m (up 8.3% from 2Q 2021). Net income: US$25.7m (up 79% from 2Q 2021). Profit margin: 3.1% (up from 1.9% in 2Q 2021). Over the next year, revenue is forecast to grow 8.6%, compared to a 38% growth forecast for the industry in Mexico. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Mex$656, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Hospitality industry globally. Total loss to shareholders of 42% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$787 per share. Recent Insider Transactions • Feb 25
Independent Director recently bought Mex$427k worth of stock On the 22nd of February, David Pittaway bought around 500 shares on-market at roughly Mex$854 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$22m more in shares than they bought in the last 12 months. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.03 (up from US$6.32 loss in FY 2020). Revenue: US$2.93b (up 48% from FY 2020). Net income: US$49.1m (up US$326.2m from FY 2020). Profit margin: 1.7% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 52% growth forecast for the restaurants industry in Mexico. Recent Insider Transactions • Nov 13
Independent Director recently bought Mex$1.5m worth of stock On the 10th of November, Edie Ames bought around 2k shares on-market at roughly Mex$923 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$34m more in shares than they bought in the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.65 (vs US$0.76 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$754.5m (up 46% from 3Q 2020). Net income: US$32.7m (up US$65.9m from 3Q 2020). Profit margin: 4.3% (up from net loss in 3Q 2020). Recent Insider Transactions • Aug 15
Independent Director recently bought Mex$442k worth of stock On the 11th of August, Edie Ames bought around 500 shares on-market at roughly Mex$885 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$36m more in shares than they bought in the last 12 months. Recent Insider Transactions • Aug 13
Independent Director recently bought Mex$442k worth of stock On the 11th of August, Edie Ames bought around 500 shares on-market at roughly Mex$885 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$36m more in shares than they bought in the last 12 months. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$0.38 (vs US$1.61 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$769.0m (up 160% from 2Q 2020). Net income: US$17.1m (up US$87.6m from 2Q 2020). Profit margin: 2.2% (up from net loss in 2Q 2020). Recent Insider Transactions • May 12
President recently sold Mex$23m worth of stock On the 7th of May, David Gordon sold around 18k shares on-market at roughly Mex$1,269 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • Apr 29
First quarter 2021 earnings released: US$0.027 loss per share (vs US$3.11 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$627.4m (up 2.0% from 1Q 2020). Net loss: US$1.20m (loss narrowed 99% from 1Q 2020). Recent Insider Transactions • Mar 12
Chief Accounting Officer recently sold Mex$2.2m worth of stock On the 8th of March, Cheryl Slomann sold around 2k shares on-market at roughly Mex$1,232 per share. In the last 3 months, they made an even bigger sale worth Mex$11m. Insiders have been net sellers, collectively disposing of Mex$13m more than they bought in the last 12 months. Reported Earnings • Nov 09
Third quarter 2020 earnings released: US$0.76 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$517.7m (down 12% from 3Q 2019). Net loss: US$33.2m (down 306% from profit in 3Q 2019). Analyst Estimate Surprise Post Earnings • Nov 09
Revenue beats expectations Revenue exceeded analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 19%, compared to a 23% growth forecast for the Hospitality industry in Mexico. Reported Earnings • Nov 02
Third quarter 2020 earnings released: US$0.76 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$517.7m (down 12% from 3Q 2019). Net loss: US$33.2m (down 306% from profit in 3Q 2019). 
