The Cheesecake Factory Inc. in Calabasas Hills announced that its board of directors has approved a five million share increase in the company’s share repurchase authorization. Now, the company’s total repurchase authorization is 21 million shares, of which approximately 13.5 million shares have been repurchased. The company repurchased 2.2 million shares this quarter for an aggregate price of approximately $49 million. There are approximately 7.5 million shares remaining in the company’s current repurchase authorization. The authorization does not require the company to purchase shares nor does it have an expiration date; it may be terminated at any time.
Five Million Share Increase in Cheesecake Factory’s Share Repurchase Authorization
