Alerts
Special Situations
CAKE: Plan in Place for Restaurants, Provides Forward Vision of Improvement
While so many restaurants have been impacted by the ongoing pandemic with little end in sight, it's reassuring to see one with a plan in place to start reopening in a rational way. As pandemic safety restrictions begin to ease, The Cheesecake Factory, Inc. (CAKE) already knows how it will restart its dine-in operations. Additionally, it has measures in place to maintain liquidity before its dine-in revenue is rejuvenated. This provides confidence in the management and the company moving forward.

  • Higher-Than-Expected Profitability Makes Up for Slight Earnings Miss
  • Running on Cash Flow Break-Even / Further Sales Improvement Would Stop Cash Burn
  • Management Provide Update to Cash Preservation & Cost Rationalization Measures
  • Recovery to Full-Service Operations Expected to be Gradual
  • Target Price Revised / CAKE is a Current Special Situations Model Portfolio Holding
To continue reading this article and to gain access to other
proprietary research please subscribe to :
Special Situations
Institutional Investors:
To subscribe please call us:    USA: +1 (973) 867 7760    UK: +44 (0) 845 459 7103
or click to subscribe to Edge research
Individual Investors:
Click to subscribe to Special Situations Lite
Need
Help?
To discuss any upcoming notes or for any urgent
assistance, please contact Jonathan Morgan
+44 (0) 845 459 7103 jm@edgecgroup.com