Financial Statement

1590 Words7 Pages
Financial Statement Overview of Cheesecake Factory (CAKE)
Allison Burke-Rush
June 27, 2016
Jeffrey Hough

Abstract The Cheesecake Factory(CAKE) operates throughout the United States and Puerto Rico as a full-service casual dining restaurants. They are known by their delicious varieties of cheesecakes. Currently, the Cheesecake Factory own and operate over 202 restaurants and continue to growth at a steady rate. The growth in sales have gain more than doubled earning in the past three years.
The shares of Cheesecake Factory Inc., mean rate according to NASDAQ: CAKE is 2.55. Four analysts have recommended the shares as buy, while another three recommends as outperform, and fourteen recommends to hold. In its latest
…show more content…
The restaurants increased by 1.7% in the first quarter of 2016, and with the company continuously growth in sales, open in new markets is expected. The Cheesecake Factory is expecting to open as many as eight restaurants domestically in 2016. They have already open in February, a Cheesecake Factory in Albuquerque, New Mexico. This is the beginning, with the next location to open in the second quarter of this year. The company is also looking toward opening as many as four to five restaurants internationally in by the end 2016.
Capital Allocation
The Board of Directors declared a quarterly cash dividend of $0.20 per share on the company’s common stock. This increase in dividend was payable to shareholders of record on closed of business on May 11, 2016. In the first quarter of this year, the company brought back 1.0 million shares of its common stock at a cost of $50.0 million, with the expectation that it will return its free cash flow to shareholders in this year in the form of dividends and share of repurchases. The Cheesecake Factory knows the importance of success, therefore they schedule conference calls and webcast live on the company’s website throughout May 26, 2016. This ensure stakeholders that the company was not in the red, and continue to profit.
During a press release The Cheesecake Factory release financial statement which included both seen and foreseen risks, uncertainties and other factors such as actual

More about Financial Statement

Get Access