Tuesday October 29, 2024, 18:53:43
By Mark Kalinowski
After today’s (Tuesday’s) market close, The Cheesecake Factory reported third-quarter adjusted EPS of $0.58, surpassing our $0.50 forecast and sell-side consensus (according to Consensus Metrix) of $0.48.
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Wednesday July 31, 2024, 18:18:22
By Mark Kalinowski
After today’s (Wednesday’s) market close, The Cheesecake Factory reported adjusted second-quarter EPS of $1.09. This surpassed our $0.99 estimate and sell-side consensus (according to Consensus Metrix) of $1.00.
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Wednesday May 8, 2024, 19:29:15
By Mark Kalinowski
After today’s (Wednesday’s) market close, The Cheesecake Factory reported that its first-quarter adjusted EPS reached $0.73. This easily surpassed our $0.60 forecast and sell-side consensus (according to Consensus Metrix) of $0.63. The Q1 income-statement line item that was most better than our estimates was Other Operating Costs/Revenues, which at 26.2% actual was +60 basis points more favorable than our 26.8% estimate. Trends in utilities and supply-chain costs helped get to this line-item outperformance in Q1. Management notes that it does not build any continued leverage into this line item into its stated targets (see below for more info about those targets).
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