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Stock impact report

To Pay Or Not To Pay The Rent: That Is The Question [Seeking Alpha]

The Cheesecake Factory Incorporated (CAKE) 
Last the cheesecake factory incorporated earnings: 2/19 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.thecheesecakefactory.com
Company Research Source: Seeking Alpha
SummaryLike so many individuals the world over, they really have found themselves under force majeure.How are they going to pay their own bills without any income?It’s much more intelligent to assess the situation from as unbiased a standpoint as possible.By now, you probably know the news. TheCheesecake FactoryCAKEForbes articleThe Cheesecake Factory has told its landlords it will not be sending in rent checks for the month of April, as its eateries remain closed off to the public to try to help halt the spread of Covid-19.Here is exactly what the national restaurant chain said in its 8K filing earlier this week:“‘Given the impact of governmental regulations and landlord decisions to close properties, considering the nature of our rent obligations and as part of ongoing efforts to manage our financial position and further preserve financial flexibility, we are not planning to pay rent on our leases for the month of April 2020 at this time. We are in various stages of discussions with Show less Read more
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