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Fox Restaurant Concepts starting 2021 off strong - Phoenix Business Journal

Fox Restaurant Concepts starting 2021 off strong - Phoenix Business Journal
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Cheesecake Factory Inc (CAKE) Q1 2021 Earnings Call Transcript

Operator Good day, and thank you for standing by. Welcome to The Cheesecake Factory First Quarter Fiscal 2021 Earnings Conference Call. [Operator Instructions] After the speaker s presentation, there will be question-and-answer session. [Operator Instructions] I would now like to hand the conference over to your speaker today, Ms. Stacy Feit, Vice President of Investor Relations. Please go ahead. Stacy Feit Vice President of Investor Relations Thanks. Good afternoon and welcome to our first quarter fiscal 2021 earnings calls. On the call today are David Overton, our Chairman and Chief Executive Officer; David Gordon, our President; and Matt Clark, our Executive Vice President and Chief Financial Officer.

Cheesecake Factory calls new DC opening response incredible

Less than one month after the Cheesecake Factory opened its downtown restaurant in the D.C., it has outperformed the average for weekly sales for the chain’s restaurants, even at tighter capacity restrictions than others. The D.C. Cheesecake Factory opened March 30 in the historic Woodward Building at 1426 H St. NW, near the McPherson Square Metro, taking over space previously occupied by the restaurant Woodward Table, which closed last summer after seven years. “On the development front, during the first quarter The Cheesecake Factory opened in Washington, D.C., just down the street from the White House. The local response has been incredible,” said David Overton, chief executive and Cheesecake Factory founder, during an earnings conference call with investors April 28.

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