Skip to main content

Market Overview

The Story Behind The Ticker: The Cheesecake Factory

Share:
The Story Behind The Ticker: The Cheesecake Factory

There aren't many companies that know cake better than The Cheesecake Factory (NASDAQ: CAKE).

Humble Beginnings

Beginning in Detroit, Michigan in the 1940s, Evelyn Overton’s original cheesecake recipe was actually inspired by a recipe found in a local newspaper, and the recipe got so popular that she decided to open a small cheesecake shop.

Although she had to put that dream on hold to raise her children, she continued to supply cheesecakes to local restaurants while raising her family.

A New Start

In a last attempt at achieving her dream to start her own restaurant, Evelyn and her husband decided to pack up and move to Los Angeles in 1972 after their children grew up. It was then The Cheesecake Factory Bakery was born. The company supplied cakes to restaurants in the Los Angeles area.

A Family Business

In 1978, Evelyn’s son, David, decided to open a restaurant based around his mother’s recipe. The restaurant is The Cheesecake Factory that exists today with locations around the world. It’s safe to say the company knows its cakes, and it wants you to know.

Related Links:

The Story Behind The Ticker: Constellation Brands

The Story Behind The Ticker: Vail Resorts

Photo credit: Anthony 92931/Wikimedia. 

 

Related Articles (CAKE)

View Comments and Join the Discussion!

Posted-In: Education General Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com