As a matter of fact, it has reported 27 consecutive quarters of same-store sales growth. Thankfully, like one of the company's plentiful servings, there eventually was a bottom. While they have yet to return to the 1994 highs, the company has been more consistent annually while still erratic quarterly. In December, Cheesecake missed analyst expectations. For the March quarter, it surpassed them.
Cheesecake claims to have lost only one general manager over the last three years.
Keeping employees happy and customers even happier has meant keeping its shareholders the happiest of all. With the shares fluffed up like an egg white, the believers have lined up for their just desserts. The first Cheesecake Factory opened in Beverly Hills in 1978. The Overton family ran a successful baked goods factory and son David thought showcasing the product lines at the retail level would be a success. Three more California locations and a 1991 opening in Washington, D.C. followed, before the September 1992 initial public offering.