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  1. Home
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  3. Food Service & Restaurants
  4. The Cheesecake Factory
The Cheesecake Factory logo
Food Service & Restaurants

Who Owns The Cheesecake Factory?

The Cheesecake Factory is owned by The Cheesecake Factory Incorporated (NASDAQ: CAKE), a publicly traded American restaurant company headquartered in Calabasas Hills, California. Founded in 1978 by David Overton, the company operates 216 Cheesecake Factory restaurants in the U.S. and Canada, plus 36 international licensed locations as of June 2026. The company reported record annual revenue of $3.75 billion in fiscal 2025. In Q2 fiscal 2026, total revenues were $1.03 billion with comparable restaurant sales growth of 5.8%. The company also owns North Italia, Flower Child, and Fox Restaurant Concepts.

Parent Company

The Cheesecake Factory Incorporated

Founded

1978

Status

Publicly Traded

Headquarters

Calabasas Hills, California, USA

mid rangepremiumUnited StatesOfficial Website

Who Owns The Cheesecake Factory?

  • Parent Company: The Cheesecake Factory Incorporated
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: NASDAQ: CAKE
BrandParent CompanyOwnership Type
The Cheesecake FactoryThe Cheesecake Factory IncorporatedWholly owned

History of The Cheesecake Factory

  • Founded: 1978
  • Founders: David Overton, Evelyn Overton

The Cheesecake Factory's origins trace to 1972, when Oscar and Evelyn Overton founded a small bakery in the Los Angeles area. Evelyn Overton's cheesecake recipes, originally developed in her home kitchen in Detroit, Michigan, formed the foundation of the business. The bakery supplied cheesecakes to local restaurants and businesses.

In 1978, David Overton opened the first The Cheesecake Factory restaurant in Beverly Hills, California. The concept combined a full-service casual dining restaurant with an extensive menu and signature cheesecake desserts. The restaurant's menu was notably larger than typical casual dining establishments, offering over 200 items across multiple cuisines. This extensive menu became a defining characteristic of the brand.

The Cheesecake Factory expanded throughout California and the western United States during the 1980s and 1990s. The company went public in 1992, completing its initial public offering on the NASDAQ exchange under the ticker symbol CAKE. The IPO provided capital for national expansion.

The chain became known for its large portions, extensive menu, and upscale decor. Restaurants were typically located in shopping centers and malls, targeting affluent suburban demographics. The average annual unit volume at The Cheesecake Factory restaurants is among the highest in the casual dining industry, at approximately $12.5 million per location based on fiscal 2025 sales of $2.69 billion across 216 locations.

In October 2019, The Cheesecake Factory Incorporated acquired North Italia and Fox Restaurant Concepts (FRC) for approximately $308 million in cash at closing, with an additional $45 million due over four years. The company had previously invested $88 million in North Italia and Flower Child between 2016 and 2019. FRC was founded by Sam Fox, a 10-time James Beard Award semifinalist. FRC operates as a wholly-owned subsidiary from its headquarters in Phoenix, Arizona. The acquisition added concepts including Culinary Dropout, The Henry, and other brands to the portfolio.

In fiscal 2025, the company achieved record annual revenue of $3.75 billion, up 4.7% from $3.58 billion in fiscal 2024. The Cheesecake Factory brand specifically generated $2.69 billion in sales, up 1.0% year-over-year. North Italia sales increased 15.5% to $346 million, Flower Child sales increased 28%, and FRC sales increased 18%. The company opened 25 new restaurants in fiscal 2025 and expects to open as many as 26 new restaurants in fiscal 2026.

In Q1 fiscal 2026, the company opened one The Cheesecake Factory restaurant internationally under a licensing agreement in Guadalajara, Mexico. In Q2 fiscal 2026, the company opened four new restaurants including two North Italia locations, one Flower Child, and one FRC restaurant. Subsequent to Q2, the company opened one additional Cheesecake Factory location.

About The Cheesecake Factory Incorporated

Who owns The Cheesecake Factory?
The Cheesecake Factory Incorporated is publicly traded on NASDAQ under the ticker symbol CAKE. The company has a broad institutional and retail shareholder base with no controlling shareholder. Co founder David Overton serves as Chairman and CEO and maintains a significant ownership stake. The company went public in 1992.

Who founded The Cheesecake Factory?
The Cheesecake Factory was founded by David Overton, who opened the first restaurant in Beverly Hills, California, in 1978. The cheesecake recipes were developed by his mother, Evelyn Overton, who began baking cheesecakes in Detroit in the 1940s. Evelyn and her husband Oscar moved to Los Angeles in 1972 and opened The Cheesecake Factory Bakery, selling cheesecakes to local restaurants before David opened the first restaurant.

Is The Cheesecake Factory publicly traded?
Yes, The Cheesecake Factory Incorporated is publicly traded on NASDAQ under the ticker symbol CAKE. The company was incorporated in Delaware in 1992 and went public the same year.

How many Cheesecake Factory locations are there?
As of February 2026, the company owned and operated 368 restaurants across the United States and Canada, including 216 The Cheesecake Factory locations, 48 North Italia locations, 43 Flower Child locations, and 55 Fox Restaurant Concepts locations. Additionally, 35 The Cheesecake Factory restaurants operate internationally under licensing agreements.

What other restaurant brands does The Cheesecake Factory own?
In addition to The Cheesecake Factory, the company owns North Italia (Italian restaurants, 48 locations), Flower Child (health focused fast casual, 43 locations), Fox Restaurant Concepts (portfolio of concepts, 55 locations), Grand Lux Cafe, and Social Monk Asian Kitchen. The company acquired FRC and the remaining interest in North Italia in 2019.

What is The Cheesecake Factory's annual revenue?
For fiscal year 2025 (ended December 30, 2025), The Cheesecake Factory reported record total revenue of $3.75 billion, up 4.7% from $3.58 billion in FY2024. Net income was $148.4 million, with adjusted diluted EPS of $3.77, up 10% year over year. The company generated record adjusted EBITDA of $354 million and cash flow from operations of $301 million.

Who is The Cheesecake Factory's CEO?
David Overton, age 79, has served as Chairman of the Board and Chief Executive Officer since the company's incorporation in 1992. He co founded the company with his parents, Oscar and Evelyn Overton, and opened the first The Cheesecake Factory restaurant in Beverly Hills, California, in 1978. David Gordon serves as President.

What is the Fox Restaurant Concepts acquisition?
In 2019, The Cheesecake Factory acquired Fox Restaurant Concepts (FRC) and the remaining interest in North Italia. FRC was founded by Sam Fox and included North Italia, Flower Child, and twelve other restaurant concepts. The acquisition marked a strategic shift toward building a portfolio of restaurant brands beyond the flagship Cheesecake Factory concept. The company had previously made initial minority investments in North Italia and Flower Child in 2016.

  • Founded: 1978
  • Headquarters: Calabasas Hills, California, USA
  • Company Type: Publicly Traded
  • Stock: NASDAQ: CAKE
  • Revenue: $3.75 billion (FY2025)
  • Employees: Approximately 47,000

Visit The Cheesecake Factory Incorporated website

View full company profile for The Cheesecake Factory Incorporated

Where Is The Cheesecake Factory Made / Based?

  • Headquarters: Calabasas Hills, California, USA

The Cheesecake Factory Categories & Tags

Casual DiningRestaurantCheesecakeAmerican CuisineRestaurant Chain

The Cheesecake Factory Sustainability & Ethics

The Cheesecake Factory operates a corporate social responsibility (CSR) program focused on environmental stewardship, ethical food sourcing, employee welfare, and community engagement.

The company has been named to Fortune's "100 Best Companies to Work For" list for eleven consecutive years as of 2024, making it the first restaurant company to achieve this milestone. The company was also named to the PEOPLE Companies that Care list for four consecutive years, ranking 47 in 2024.

Through its Nourish Program, The Cheesecake Factory donates excess food from its restaurants to local non-profits. In 2023, the company donated more than 646,000 pounds of food to over 450 local non-profits. Through the sale of specially designated cheesecakes, the company has donated more than $6.6 million to Feeding America since 2008.

The company has established a dedicated sustainability department and has pledged to reduce its carbon footprint. Specific targets and timelines are not publicly detailed. The company focuses on sustainable food sourcing, working with suppliers who meet quality and environmental standards.

The Cheesecake Factory does not publish a standalone ESG or sustainability report with quantified environmental metrics (such as Scope 1, 2, or 3 emissions). Its CSR reporting is primarily qualitative, focusing on food donation, employee culture, and community engagement.

Awards & Recognition

The Cheesecake Factory has received significant recognition for its workplace culture, making it one of the most decorated employers in the restaurant industry:

  • Fortune 100 Best Companies to Work For: Named to the list for eleven consecutive years as of 2024. The Cheesecake Factory was the first restaurant company to achieve ten consecutive years on the list.
  • PEOPLE Companies that Care: Ranked 47 in 2024, marking the fourth consecutive year on the list. The ranking is based on anonymous employee surveys measuring culture and community impact.
  • Feeding America Partnership: Over $6.6 million donated since 2008 through specially designated cheesecake sales.
  • Nourish Program: Over 646,000 pounds of food donated to 450+ local non-profits in 2023.

These awards recognize The Cheesecake Factory Incorporated as a whole rather than the Cheesecake Factory brand specifically.

The Cheesecake Factory Recalls & Controversies

The Cheesecake Factory has faced several controversies, though no major nationwide food safety recalls have been reported.

Animal Welfare Concerns: In 2024, animal welfare organization Animal Equality highlighted The Cheesecake Factory for making progress toward eliminating gestation crates in its supply chain but not having eliminated them entirely. In 2015, the company stated it would eliminate the use of battery cages for hens, but critics argue progress has been slow compared to industry leaders. The company has not published specific timelines for completing these transitions.

Portion Size and Health Concerns: The Cheesecake Factory has faced longstanding criticism regarding large portion sizes and high-calorie menu items. The Center for Science in the Public Interest has repeatedly featured Cheesecake Factory dishes in its "XTreme Eating" awards, which highlight restaurant meals with extremely high calorie, fat, and sodium content. The company has introduced smaller portion options and a "SkinnyLicious" menu in response, though the core menu remains focused on generous portions.

Food Safety Incidents: Individual locations have faced health department violations and customer complaints about foodborne illness. No major nationwide food safety recalls have been reported for the brand. The company operates under standard restaurant food safety protocols.

Labor Practices: While recognized as a top employer, The Cheesecake Factory faces ongoing industry-wide labor challenges including wage levels and working conditions. The company has generally maintained positive employee relations, as evidenced by its Fortune 100 Best Companies recognition.

Supply Chain Ethics: The company faces ongoing scrutiny regarding supply chain practices, particularly related to animal welfare and sustainable sourcing. Progress on commitments has been slower than some competitors and animal welfare advocates expect.

The Cheesecake Factory Ownership: Pros & Cons

Advantages

  • +Independent publicly traded company with direct investor ownership and no parent company constraints
  • +Industry-leading average unit volumes of approximately $12.5 million per restaurant
  • +Strong brand recognition and customer loyalty built over 48 years
  • +Diversified portfolio through North Italia, Flower Child, and FRC brands
  • +Off-premise channel (21% of sales) provides resilience against dine-in traffic declines
  • +Cheesecake Rewards loyalty program drives customer engagement
  • +Comparable sales outperforming the broader casual dining industry in fiscal 2026

Considerations

  • -Intense competition in casual dining from both premium chains and fast-casual concepts
  • -Large menu format creates operational complexity and food cost management challenges
  • -Consumer traffic has declined in recent periods, with 2.3% traffic decrease in fiscal 2025
  • -High calorie and large portion sizes face ongoing criticism from nutrition advocates
  • -Animal welfare commitments remain incomplete compared to industry leaders
  • -Reliance on shopping center and mall locations exposes the brand to retail traffic trends
  • -Labor cost pressures affect margins across the restaurant industry

Frequently Asked Questions About The Cheesecake Factory

Sources & Further Reading

  • The Cheesecake Factory Official Website
  • The Cheesecake Factory Investor Relations
  • Q2 Fiscal 2026 Results
  • Q1 Fiscal 2026 Results
  • Q4 Fiscal 2025 Results
  • Fiscal 2025 Annual Report (10-K)
  • FRC Acquisition Announcement (2019)
  • SEC EDGAR: Cheesecake Factory (CAKE) Filings
  • Animal Equality: Cheesecake Factory Assessment
  • Wikipedia: The Cheesecake Factory
  • Wikidata: The Cheesecake Factory

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Competitive Analysis

Market Positioning: The Cheesecake Factory competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team