8-K
filed November 1, 2022, 7:59 PM ET
ticker CAKE
CIK 0000887596
earnings
confidence high
sentiment negative
materiality 0.70
Cheesecake Factory Q3 net loss $2.4M, revenue up to $784M; declares $0.27 dividend
CHEESECAKE FACTORY INC
2022-Q3 EPS reported
$0.92
revenue$2,410,354,000
- Total revenues $784.0M vs $754.5M YoY, increase of 3.9%.
- Net loss of $2.4M ($0.05 diluted EPS); adjusted net loss $1.6M ($0.03).
- Quarterly cash dividend declared at $0.27 per share, payable Nov 28 to holders of record Nov 15.
- Board increased share repurchase authorization by 5M shares to 61M total; ~6.3M shares remain.
- Q3 results include $0.8M after-tax charge related to FRC acquisition-related items.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
CHEESECAKE FACTORY INC reported third quarter of fiscal 2022 results: revenue $784.0 million, net income $2.4 million, EPS $0.05.
- Period
- third quarter of fiscal 2022
- Revenue
- $784.0 million
- Net income
- $2.4 million
- EPS
- $0.05
- Result
- reported results
Exact text from the filing
Total revenues were $784.0 million in the third quarter of fiscal 2022 compared to $754.5 million in the third quarter of fiscal 2021. Net loss and diluted net loss per share were $2.4 million and $0.05, respectively, in the third quarter of fiscal 2022.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
CHEESECAKE FACTORY INC: Amended and restated bylaws to address universal proxy rules, update advance notice disclosure requirements, add exclusive forum provisions, and make other technical changes (effective 2022-10-26).
- Change
- bylaw amendment
- Effective
- 2022-10-26
Exact text from the filing
On October 26, 2022, the Board of Directors (the “Board”) of the Company approved and adopted an amendment and restatement of the Company’s bylaws (as so amended, the “ Bylaws ”).
View on SEC.gov
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