Cheesecake factory’s EVP Scarlett May sells $1.1 million in stock

Published 10/06/2025, 22:40
Cheesecake factory’s EVP Scarlett May sells $1.1 million in stock

Scarlett May, Executive Vice President and General Counsel at Cheesecake Factory Inc. (NASDAQ:CAKE), recently executed a significant stock transaction. On June 9, 2025, May sold 18,800 shares of common stock at an average price of $58.82, totaling approximately $1.1 million. The sale price was near the company’s 52-week high of $59.14, with the stock showing impressive momentum through a 59.45% return over the past year. According to InvestingPro analysis, CAKE is currently trading above its Fair Value. This sale followed the exercise of stock options for the same number of shares at $40.16 each, an acquisition valued at $755,007. After these transactions, May’s direct ownership stands at 22,872 shares. Additionally, May holds 31,541 shares of restricted stock, which are subject to forfeiture. InvestingPro subscribers can access 10+ additional exclusive tips and comprehensive analysis through the Pro Research Report, helping investors make more informed decisions about CAKE’s $2.84B market cap business.

In other recent news, The Cheesecake Factory reported its first-quarter 2025 earnings, showcasing a strong financial performance. The company exceeded analyst expectations with earnings per share (EPS) of $0.93, surpassing the forecasted $0.81. Total (EPA:TTEF) revenues were reported at $927.2 million, slightly below the anticipated $928.07 million but still near the high end of guidance. The company has now experienced six consecutive quarters of over 20% earnings growth, highlighting its operational strength.

During the same period, The Cheesecake Factory held its annual stockholders’ meeting, where stockholders approved the Second Amendment to the Stock Incentive Plan. This amendment was part of a broader agenda that included the re-election of all directors and the ratification of the independent registered public accounting firm for fiscal year 2025. Additionally, the stockholders voted on executive compensation, which received significant support.

In terms of future outlook, The Cheesecake Factory plans to open up to 25 new restaurants in 2025, with revenue projections for the fiscal year expected to reach approximately $3.76 billion. The company anticipates low single-digit inflation across commodities, labor, and operating expenses. Meanwhile, the firm has been recognized on the Fortune Magazine 100 Best Companies to Work For list for the twelfth consecutive year, reflecting its strong corporate culture and commitment to employee satisfaction.

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