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Calabasas Hills, California-based The Cheesecake Factory Incorporated (NASDAQ:CAKE) announced the outcomes of its 2025 annual stockholders’ meeting on May 22, 2025. The meeting, which took place on the same day, saw the approval of the Second Amendment to The Cheesecake Factory Incorporated Stock Incentive Plan (Stock Plan Amendment). The amendment had been detailed in the company’s proxy statement filed on April 10, 2025.
The stockholders also voted on the election of directors, ratification of the independent registered public accounting firm for fiscal year 2025, and a non-binding advisory vote on executive compensation. With a solid financial health score rated as "GOOD" by InvestingPro, the company maintains a P/E ratio of 16.79 and has demonstrated stable operational performance. All directors were re-elected, with the vote counts ranging from 34,438,617 for Jerome I. Kransdorf to 36,522,794 for Janice L. Meyer. The selection of the accounting firm was ratified with over 41 million votes for the proposal. The Stock Plan Amendment was approved with 33,479,930 votes for, 3,118,098 against, and 126,603 abstentions. Finally, the executive compensation received 36,305,080 votes for, 229,200 against, and 190,351 abstentions.
The Cheesecake Factory has incorporated the full text of the Stock Plan Amendment as Exhibit 10.1 in its filing. This information is based on a press release statement. For deeper insights into CAKE’s financial health, valuation metrics, and growth potential, including 8 additional ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, The Cheesecake Factory reported a robust financial performance for the first quarter of 2025. The company achieved earnings per share (EPS) of $0.93, surpassing analyst expectations of $0.81. However, total revenues came in at $927.2 million, slightly below the forecast of $928.07 million. Despite the revenue miss, the company’s EPS exceeded forecasts by 14.8%, marking a continuation of strong earnings growth. The Cheesecake Factory also saw a 27% year-over-year increase in adjusted diluted net income per share, demonstrating its operational strength. Additionally, the company plans to open up to 25 new restaurants in 2025, aiming for total revenues of approximately $3.76 billion for the fiscal year. The firm’s strategic focus on menu innovation and staff retention has contributed to improved restaurant-level margins, which increased to 17.4%. Notably, the company’s adjusted net income margin exceeded high-end guidance at 4.9%.
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