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Cheesecake Factory

Emerging Brands

How Sam Fox went from college dropout to one of the country’s most successful restaurateurs

In the nearly 30 years since opening his first restaurant, Fox has become a concept developer whose ideas regularly get scooped up by big-time investors and chains.

Financing

Casual dining silences its doubters with head-turning July results

The recent flurry of earnings reports shows a sector enjoying a clear boom. The question is, will it last?

The polished casual chain will invest in new database technology and the development of an "on-brand" loyalty program. Messaging will focus on raising awareness of the brand.

Staffing challenges aren't hampering sales, which are running 10% over pre-pandemic levels.

Roark managing partner Neal Aronson will retain control of a 4.6% stake. The buyback more than doubled Roark's initial investment.

The polished casual brand and its Italian sister, North Italia, are solidly part of casual dining’s rebound. But that doesn’t mean they’re running with the pack.

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

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.

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