Mountain Mike's Pizza Still Believes In Dining-In [Forbes]
The Cheesecake Factory Incorporated (CAKE)
Last the cheesecake factory incorporated earnings: 2/19 04:15 pm
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Source: Forbes
Courtesy of Mountain Mike's Pizza In August 2024, Mountain Mike's Pizza, which has 289 all-franchised locations in 8 states, reported that it had opened 15 pizza shops in 2023 and is on target to add about 27 new locations in 2024, revealing its steady growth. It also touted its escalating number of digital orders. App orders rose 40%, app sales increased 35%, and digital sales now comprise 44% of all revenue. And, of course, that would likely be true for most major national pizza chains. But Mountain Mike's Pizza CEO Jim Metevier (who had been with KFC for 22 years with 3 years spent as its COO) who is based in Newport Beach, Calif., makes it clear that dining-in continues to be pivotal in its revenue flow and hasn't been forgotten or short-changed. In fact, dining-in constitutes about 25% to 30% of its overall revenue at most locations, which can rise to 50% at others, and overall spiked 6% in 2024. Metevier attributes the fortitude of its dining-in business, despite the sk
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CAKE
Earnings
- 7/31/24 - Beat
CAKE
Sec Filings
- 8/5/24 - Form 10-Q
- 7/31/24 - Form 8-K
- CAKE's page on the SEC website