How Covid Derailed The Cheesecake Factory's Success
Americans love The Cheesecake Factory. The restaurant known for its massive 21-page menu, dozens of dessert options and ancient Egypt-inspired decor was ranked as one of the top casual dining restaurants in the U.S. in 2019.
But the eatery popular with everyone from NBA stars to cheesecake aficionados has fallen on hard times as the coronavirus pandemic has wreaked havoc on the restaurant industry. In October, The Cheesecake Factory reported third-quarter sales fell by 12% and same-stores sales were down 23% from a year earlier.
So after 40 years in business will The Cheesecake Factory be able to regain its momentum and will the chain's takeout and delivery service be enough to offset the decline of the dine-in restaurant experience?
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How Covid Derailed The Cheesecake Factory's Success
Видео How Covid Derailed The Cheesecake Factory's Success канала CNBC
But the eatery popular with everyone from NBA stars to cheesecake aficionados has fallen on hard times as the coronavirus pandemic has wreaked havoc on the restaurant industry. In October, The Cheesecake Factory reported third-quarter sales fell by 12% and same-stores sales were down 23% from a year earlier.
So after 40 years in business will The Cheesecake Factory be able to regain its momentum and will the chain's takeout and delivery service be enough to offset the decline of the dine-in restaurant experience?
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
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How Covid Derailed The Cheesecake Factory's Success
Видео How Covid Derailed The Cheesecake Factory's Success канала CNBC
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