The Cheesecake Factory Incorporated Announces Major Progress Towards Eliminating Gestation Crates From Its Pork Supply

CALABASAS HILLS, Calif.–(BUSINESS WIRE)–The Cheesecake Factory Incorporated (NASDAQ: CAKE) has announced progress toward its longstanding goal of eliminating gestation crates from its pork supply. As detailed in its recently released 2021 Corporate Social Responsibility Report, the company expects it will transform 75% of its U.S. pork supply to be entirely crate-free by the end of 2022, thanks to a unique partnership with its strategic suppliers.

Specifically, The Cheesecake Factory Incorporated has begun aligning its nationwide contracted pork supply with standards that prohibit gestation crates during sow 16-week pregnancy cycles and prohibit confining breeding sows unless 24 square feet of usable floor space per animal.

“The welfare of all animals throughout our supply chain is of critical importance to us,” said Megan Bloomer, vice president of sustainability for The Cheesecake Factory Incorporated. “We are on the path to eliminating gestation crates and thanks to our valued pork suppliers, we are able to further improve the welfare of sows in our supply chain by aligning with these standards. We strive for 100% compliance for cage-free gestation. »

“By making such significant progress towards the complete elimination of gestation crates, The Cheesecake Factory is once again demonstrating its commitment to animal welfare,” said Josh Balk, Vice President of Farm Animal Welfare. for the Humane Society of the United States.

For more information on The Cheesecake Factory’s animal welfare commitments and other CSR efforts, please visit https://www.thecheesecakefactory.com/corporate-social-responsibility/.

About The Cheesecake Factory Incorporated

The Cheesecake Factory is a leader in experiential dining. We are forward-thinking in cuisine and relentlessly focused on hospitality. Delightful and memorable experiences created by passionate people – it defines who we are and where we are going. We currently own and operate 307 restaurants in the United States and Canada under brands such as The Cheesecake Factory, North Italia® and a collection within our Fox Restaurant Concepts business. Internationally, 29 The Cheesecake Factory restaurants operate under licensing agreements. Our Bakery Division operates two facilities that produce quality cheesecakes and other baked goods for our restaurants, international licensees and third-party bakery customers. In 2022, we were named to FORTUNE magazine’s “100 Best Companies to Work For®” list for the ninth consecutive year. To learn more, visit www.thecheesecakefactory.com, www.northitalia.com and www.foxrc.com.

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About the Humane Society of the United States

Founded in 1954, the Humane Society of the United States leads the great struggles to end the suffering of all animals. With millions of supporters, we take on puppy mills, factory farms, trophy hunts, animal testing and other cruel industries. Together with our affiliates, we rescue and care for tens of thousands of animals each year through the work of our animal rescue team and other hands-on animal care services. We fight against all forms of animal cruelty to realize the vision behind our name: a humane society.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as codified in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. , as amended. These statements include, but are not limited to, statements regarding the company’s commitment to animal welfare, providing that it will transform 75% of its pork supply in the United States to be completely free of gestation crate by the end of 2022, striving to achieve 100% compliance for the gestation crate. -free, and the company’s corporate social responsibility reports. These forward-looking statements include all other statements that are not historical facts, as well as statements preceded, followed by or containing words or phrases such as “believe”, “plan”, “will likely result”, “expect ,” “intends”, “will continue”, “is intended”, “estimates”, “plans”, “may”, “could”, “will”, “should”, and similar expressions. These statements are based current expectations and involve risks and uncertainties that could cause actual results to differ materially from those set forth in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and should not be relied upon. These forward-looking statements may be affected by a variety of factors, including: the rapidly evolving nature of the COVID-19 pandemic and associated containment measures, including the possibility of a full shutdown. operates corporate restaurants, international licensed restaurants and corporate bakery operations; supply chain disruptions; protests, political unrest, potential damage to or closure of Company restaurants and potential damage to the reputation of the Company or any of its brands; economic, public health and political conditions that affect consumer confidence and spending, including the impact of COVID-19 and other health epidemics or pandemics on the global economy; the acceptance and success of The Cheesecake Factory in international markets; the acceptance and success of North Italia and Fox Restaurant Concepts, Social Monk Asian Kitchen and other concepts; the risks of doing business abroad through company-owned restaurants and/or licensees; exchange rates, tariffs and cross-border taxation; changes in unemployment rates; changes in laws impacting business operations, including laws and regulations related to COVID-19 impacting restaurant operations and customer access to on-site and take-out dining; increases in minimum wage and benefit costs; the economic health of the company’s landlords and other tenants of the shopping centers in which its restaurants are located, and the company’s ability to successfully manage its lease agreements with landlords; unforeseen costs that may arise in connection with a return to normal course of business, including the potential negative impacts of furlough actions; the economic health of suppliers, licensees, vendors and other third parties providing goods or services to the company; the development schedule for new units; compliance with covenants; strategic capital allocation decisions, including share buybacks or dividends; the ability to achieve planned financial results; economic and political conditions affecting consumer confidence and spending; the resolution of uncertain tax positions with the Internal Revenue Service and the impact of tax reform legislation; adverse weather conditions in areas where the Company’s restaurants are located; factors that are within the control of government agencies, owners and other third parties; the risks, costs and uncertainties associated with opening new restaurants; and other risks and uncertainties detailed from time to time in the company’s filings with the Securities and Exchange Commission (“SEC”). Forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to publicly update or revise any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law. Investors are referred to the full discussion of the risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the company’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K as filed with the SEC, which are available at www.sec.gov.

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