1

The Cheesecake Factory

#3822

Rank

$2.6B

Marketcap

US United States

Country

The Cheesecake Factory
Leadership team

Mr. David M. Overton (Chairman & CEO)

Mr. David M. Gordon (Pres)

Mr. Matthew Eliot Clark (Exec. VP & CFO)

Products/ Services
Restaurants
Number of Employees
20,000 - 50,000
Headquarters
Calabasas, California, United States
Established
1978
Company Registration
SEC CIK number: 0000887596
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
CAKE
Social Media
Overview
Location
Summary
The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. As of October 27, 2022, the company owned and operated 312 restaurants in the United States and Canada under brands, including The Cheesecake Factory, North Italia, and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally. The Cheesecake Factory Incorporated was founded in 1972 and is headquartered in Calabasas, California.
History

Founding and early years

Evelyn Overton opened a business after making a cheesecake for her husband's employer in 1949. She opened a small cheesecake bakery in Detroit, Michigan, in the late 1950s, but eventually gave it up in order to raise her two children. She continued to supply cakes to several local restaurants through a kitchen in her basement. In 1967, Evelyn's son David M. Overton left Detroit to attend Hastings College of Law in San Francisco, but in 1968, decided to be a drummer, performing with the Billy Roberts Blues Band. In 1971, David convinced his parents to relocate to Los Angeles to open a commercial bakery. In 1972, they moved to the Woodland Hills area of Los Angeles where they opened The Cheesecake Factory Bakery, in which they produced cheesecakes and other desserts for local restaurants.

California

In 1978, Evelyn's son David opened The Cheesecake Factory, a small salad-and-sandwich restaurant in Beverly Hills that sold 10 varieties of cheesecakes on a one-page menu. In 1983, he opened a second restaurant in Marina del Rey. By 1987, the Beverly Hills location had expanded into a 78-seat restaurant and was experiencing great financial success. This led to the opening of a third, larger location in Redondo Beach, which was eventually renovated into a 300-seat, 21,000-square-foot location. By the end of the 1980s, The Cheesecake Factory's one-page menu had expanded and the restaurant offered additional fast-food and short-order items.

Expansion beyond Southern California

The 1990s saw the opening of the first Cheesecake Factory restaurant outside of Southern California. The new restaurant was located in Washington, D.C. The Cheesecake Factory was incorporated in 1992 and went public in September 1993. David Overton planned to open 3–4 units a year in the hopes of generating 25% a year increase in sales.The company began changing its menu twice a year and added items including steaks, seafood, and vegetarian dishes. The company continued to open new restaurants and by 1995 was ranked 11th in the United States. As of April 2013, The Cheesecake Factory operated 162 restaurants under The Cheesecake Factory name in 36 states. Plaza Las Américas in San Juan, Puerto Rico, opened its first Cheesecake Factory on August 28, 2013.The company used to operate one self-service, limited-menu express food service operation under The Cheesecake Factory marque inside DisneyQuest at Disney Springs in Walt Disney World Resort in Lake Buena Vista, Florida. was opened in 1998 and it was closed in 2017.

International expansion

The Cheesecake Factory has expanded into international markets by both licensing agreements for other companies to operate franchises, and by corporate ownership. The first store outside the United States was opened at The Dubai Mall in August 2012 as a franchise via a licensing agreement.

On January 25, 2011, the company expanded into the Middle East in a partnership with Kuwaiti retail franchising company M.H. Alshaya Co. The 300-seat restaurant opened on August 16, 2012, at The Dubai Mall. This is The Cheesecake Factory's first location outside the United States.In May 2014, The Cheesecake Factory announced that they would open the first Cheesecake Factory in East Asia. The first East Asian Cheesecake Factory opened in Disneytown in Pudong, Shanghai, China on June 16, 2016.Also in 2014, the first Cheesecake Factory in Mexico opened its doors in Guadalajara.As of May 2018, The Cheesecake Factory has eleven restaurants in the Middle East: four in Dubai , three in Kuwait , two in Saudi Arabia , and lastly one in the Yas Mall and one in The Galleria in Abu Dhabi. On December 1, 2015, The Cheesecake Factory opened its eighth Middle East branch at the Verdun Shopping Center in Beirut, Lebanon. The opening was attended by many of The Cheesecake Factory management including managers from the US and Dubai. The Cheesecake Factory also made its first appearance in Doha, Qatar, by opening in the Mall of Qatar and further opened two more branches in Villaggio and Doha Festival City.

There are Cheesecake Factories in Parque Delta and Centro Santa Fe, Mexico City.On April 12, 2017, the company announced that it would be expanding into Canada. In November 2017, the first Canadian location opened at Yorkdale Shopping Centre in Toronto, Ontario.In May 2017, a Hong Kong store opened in Harbour City, Tsim Sha Tsui.

Mission
We're known for our cheesecakes and fresh food, but it's our people that make us special. With over 250 menu items made fresh from scratch daily, our top-of-the-line chefs and superstar servers are the best at what they do because they're expected to deliver the best to our guests. Everything we do, we do it with passion, precision, and excellence. And the best part? We have a great time doing it. Check out #SoCheesecake and #LifeAtCheesecake to get a glimpse into what it's like to be part of our family!
Vision
Through a shared commitment to excellence, we are dedicated to the uncompromising quality of our food, service, people and profit, while taking exceptional care of our guests and staff. We will continuously strive to surpass our own accomplishments and be recognized as a leader in our industry.
Key Team

Ms. Scarlett A. May (Exec. VP, Gen. Counsel & Sec.)

Ms. Dina R. Barmasse-Gray (Sr. VP of HR)

Mr. Keith T. Carango (Pres of The Cheesecake Factory Bakery Incorporated)

Mr. Spero Alex (Sr. VP of Operations - The Cheesecake Factory Restaurants)

Ms. Cheryl M. Slomann (Chief Accounting Officer, Sr. VP & Corp. Controller)

Mr. Etienne Marcus (VP of Fin. & Investor Relations)

Mr. Donald Evans (Chief Marketing Officer & Sr. VP)

Recognition and Awards
The Cheesecake Factory has been recognized with numerous awards, including being named one of the top 10 most popular restaurants in the United States by Consumer Reports, one of the 10 best casual restaurants by USA Today, and one of the best restaurant concepts by Restaurant Business magazine.
References

Dive deeper into fresh insights across Business, Industry Leaders and Influencers, Organizations, Education, and Investors for a comprehensive view.

The Cheesecake Factory
Leadership team

Mr. David M. Overton (Chairman & CEO)

Mr. David M. Gordon (Pres)

Mr. Matthew Eliot Clark (Exec. VP & CFO)

Products/ Services
Restaurants
Number of Employees
20,000 - 50,000
Headquarters
Calabasas, California, United States
Established
1978
Company Registration
SEC CIK number: 0000887596
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
CAKE
Social Media