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In a statement to PEOPLE at the time, The Cheesecake Factory Chief Financial Officer Matthew Clark said: "We have very strong, longstanding relationships with our landlords. We are certain that with their partnership, we will be able to work together to weather this storm in the appropriate manner."
Additionally, they had to furloughed 41,000 hourly employees, according to Market Watch.
Despite the struggle to make rent, The Cheesecake Factory has remained optimistic about a bounce-back, telling investors in May that they anticipated their large capacity dining rooms to be an advantage amid reopening of dine-in services, Restaurant News reported.
The company claimed that their "flexible seating layouts will uniquely enable us to ensure ample levels of social distancing while maintaining sufficient seating capacity to generate what we believe could be meaningful sales volumes."
As of Monday, June 8, there are 1,951,722 confirmed cases of the coronavirus in the U.S., and a total of 110,771 reported deaths.
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