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Saturday, Nov 23, 2024

Cheesecake Will Likely Restate Results

The Cheesecake Factory said today it expects to restate past results based on preliminary findings of its investigation into its past stock option practices. The Calabasas Hills-based restaurant operator said that, as a result of its review, it will miss its second quarter filing deadline with the SEC. The company said it has not yet determined the amount of the adjustments it will have to make.

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