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MarketScreener Homepage  >  Equities  >  Nasdaq  >  The Cheesecake Factory Incorporated    CAKE

THE CHEESECAKE FACTORY INCORPORATED

(CAKE)
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Cheesecake Factory Incorporated : The Cheesecake Factory Doubles Food Donations to Local Nonprofits Through Its Nourish Program

09/01/2020 | 08:12am EST

Utilizing Copia’s on demand food donation platform, the Company has donated more than 400,000 pounds of food to-date in 2020

Continuing its longstanding commitment to hunger relief, The Cheesecake Factory® (NASDAQ:CAKE) has introduced its Nourish Program exclusively utilizing Copia’s “zero food waste” technology platform to distribute food to those in need in the local community. The Nourish Program replaces the Company’s previous food rescue program and has enabled The Cheesecake Factory restaurants to donate more than 400,000 pounds of food so far this year – twice the amount donated this time last year.

With an extensive menu that features more than 250 dishes – handmade, in-house with fresh ingredients – The Cheesecake Factory was previously unable to consistently find nonprofits that were equipped to receive all of the food donations it could offer. Now the Nourish Program leverages the Copia mobile app to allow each restaurant to donate excess food when it’s most convenient for them and each donation is matched in real time to local nonprofits that need it most. Donations are picked up on demand and delivered directly to nonprofits through Copia’s integration with DoorDash, which is also the Company’s exclusive national delivery provider, making it seamless for the restaurants and the nonprofits receiving the donation.

In addition to introducing the Nourish Program, this summer the Company worked with Copia and DoorDash to deliver more than 20,000 meals to frontline healthcare workers and nonprofits in local communities that have been impacted by rising food insecurity due to COVID-19.

For more information about The Cheesecake Factory, please visit www.TheCheesecakeFactory.com.
Find us on Facebook at www.facebook.com/TheCheesecakeFactory.
Follow us on Twitter at www.twitter.com/cheesecake.
Follow us on Instagram at www.instagram.com/cheesecakefactory.

About The Cheesecake Factory Incorporated
The 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 – this defines who we are and where we are going. We currently own and operate 294 restaurants throughout the United States and Canada under brands including The Cheesecake Factory®, North Italia® and a collection within the Fox Restaurant Concepts subsidiary. Internationally, 26 The Cheesecake Factory® 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 2020, we were named to the FORTUNE Magazine “100 Best Companies to Work For®” list for the seventh consecutive year. To learn more, visit www.thecheesecakefactory.com, www.northitalia.com and www.foxrc.com.

From FORTUNE. ©2020 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.


© Business Wire 2020
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Financials (USD)
Sales 2020 2 039 M - -
Net income 2020 -97,9 M - -
Net Debt 2020 286 M - -
P/E ratio 2020 -21,8x
Yield 2020 0,85%
Capitalization 1 879 M 1 879 M -
EV / Sales 2020 1,06x
EV / Sales 2021 0,80x
Nbr of Employees 46 250
Free-Float 43,0%
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The Cheesecake Factory Incorporated Technical Analysis Chart | CAKE | US1630721017 | MarketScreener
Technical analysis trends THE CHEESECAKE FACTORY INCORPORATED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 35,63 $
Last Close Price 41,22 $
Spread / Highest target 16,4%
Spread / Average Target -13,6%
Spread / Lowest Target -36,9%
EPS Revisions
Managers and Directors
NameTitle
David M. Overton Chairman & Chief Executive Officer
David M. Gordon President
Matthew Eliot Clark Chief Financial Officer & Executive Vice President
Jerome I. Kransdorf Lead Independent Director
Alexander L. Cappello Independent Director
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