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Cheesecake Factory PRESS RELEASE FOR IMMEDIATE RELEASE Contact : Stacy Feit ( 818 ) 871-3000 investorrelations@thecheesecakefactory.com THE CHEESECAKE FACTORY REPORTS RESULTS FOR FIRST QUARTER OF FISCAL 2021 AND PROVIDES BUSINESS UPDATE Second quarter - to - date through April 27th comparable sales at The Cheesecake Factory restaurants increased over 2019 levels CALABASAS HILLS , Calif . , - April 28 , 2021 - The Cheesecake Factory Incorporated ( NASDAQ : CAKE ) today reported financial results for the first quarter of fiscal 2021 , which ended on March 30 , 2021 . Total revenues were $ 627.4 million in the first quarter of fiscal 2021 compared to $ 615.1 million in the first quarter of fiscal 2020. Net loss available to common stockholders and diluted net loss per common share were $ 1.2 million and $ 0.03 , respectively , in the first quarter of fiscal 2021 . During the first quarter of fiscal 2021 , the Company recorded COVID - 19 related charges of $ 4.9 million , for costs such as sick and vaccination pay , healthcare and meal benefits for furloughed staff members , additional sanitation and personal protective equipment . Excluding the after - tax impact of these and certain other items , and reflecting the potential impact of the conversion of the Company's convertible preferred stock into common stock , adjusted net income and adjusted net income per share for the first quarter of fiscal 2021 were $ 10.8 million and $ 0.20 , respectively . Please see the Company's reconciliation of non - GAAP financial measures at the end of this press release . Comparable restaurant sales at The Cheesecake Factory restaurants increased 2.8 % year - over - year in the first quarter of fiscal 2021. Relative to the first quarter of fiscal 2019 , comparable restaurant sales at The Cheesecake Factory restaurants declined 10.4 % . Fiscal 2021 second quarter - to - date through April 27th comparable sales for The Cheesecake Factory restaurants increased approximately 220 % year - over - year and 7 % relative to the same period in fiscal 2019 , supported by approximately one - third off - premise sales mix and reflecting eased COVID - 19 restrictions , as well as strong consumer spending trends . As of today , nearly all of the Company's restaurants across its concepts , including 206 Cheesecake Factory locations , are operating with reopened indoor dining rooms with limited capacity in accordance with local mandates and social distancing protocols . On average , Cheesecake Factory restaurants with reopened dining rooms are operating at approximately 60 % indoor capacity . One Cheesecake Factory location is operating an off - premise only model and two locations across the Company's concepts are currently closed with plans to reopen by the end of the second quarter . 26901 Malibu Hills Road , Calabasas Hills , CA 91301 Telephone ( 818 ) 871-3000 • Fax ( 818 ) 871-3100 •