The Cheesecake Factory controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Animal-welfare scrutiny over pork sourcing
Animal Equality highlighted the company’s progress toward eliminating gestation crates from its pork supply chain while noting that the transition was not yet complete.
2020
SEC COVID-19 disclosure case
The Securities and Exchange Commission resolved charges that the company had misled investors about its financial condition during the COVID-19 pandemic. The company paid a $125,000 penalty without admitting or denying the findings.
2020
The Cheesecake Factory agrees to SEC settlement over COVID-19 disclosures
Settlement
The SEC said The Cheesecake Factory agreed to pay $125,000 to settle charges that it made misleading COVID-19 disclosures to investors. According to the SEC, the company had told investors its restaurants were "operating sustainably" while it was losing approximately $6 million in cash per week and internal projections indicated it had 16 weeks of cash remaining.
Source excerpt
The Cheesecake Factory agreed to pay a $125,000 fine to the SEC. The company did not admit or deny the SEC’s findings.
The U.S. Securities and Exchange Commission said Friday that The Cheesecake Factory settled charges that it misled investors on the impact the pandemic was having on its business.
On March 23 and April 3, 2020, the company told investors its restaurants were “operating sustainably” during the pandemic when in fact it was losing approximately $6 million in cash per week and internal projections suggested it had only 16 weeks of cash remaining, the SEC said.
2010
Criticism of calorie levels and portion sizes
The chain received public criticism from nutrition advocates and media outlets for large portions and dishes with exceptionally high calorie and saturated-fat content.