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Cheesecake Factory

Operations

Cheesecake sees pent-up demand for its dining rooms

As an added bonus, the operator said interest in its off-premise offerings also remains strong.

Financing

Cheesecake Factory settles SEC allegations of misleading investors about the pandemic's impact

The company neither affirmed nor denied the agency's allegations that it presented an inaccurate assessment early in the crisis.

The moves underscore the polished-casual brand’s progress toward pre-pandemic performance levels.

It's also held onto 90% of to-go sales at locations that have re-opened dining rooms.

The operations were fully or partially closed as reopened units saw sales climb back to 75% of pre-COVID levels.

Off-premise sales are running at an annual rate of about $4 million a year.

First Cheesecake Factory, then BJ’s Restaurants, now Dave & Buster’s. RB’s The Bottom Line looks at the latest trend in investing amid the coronavirus.

The Cheesecake Factory

The private-equity firm, which owns Arby's and Buffalo Wild Wings, has acquired 200,000 shares of preferred stock for $200 million.

Per-unit sales are running at about a third of the volume of pre-COVID-19 days, but that's still $3 million in annual per-store revenues. And costs have been aggressively cut.

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