Thursday October 29, 2020, 00:00:00
After Thursday’s market close, The Cheesecake Factory (CAKE; Neutral, $29.94) reported adjusted Q3 EPS of -$0.33, better than our forecast of -$0.45, and also better than sell-side consensus (according to Consensus Metrix) of -$0.37.
Wednesday October 7, 2020, 00:00:00
With this report, we update our data-driven Kalinowski Casual Dining Index for Q3E to -19.6%. This figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during July, August, and September. Our implied numbers for these three months are about -24%, -19%, and -16%, respectively.
Monday September 21, 2020, 00:00:00
With this report, we introduce our quarterly EPS estimates for The Cheesecake Factory (CAKE; Neutral, $29.32) for 2021E as follows:
Q1E: $0.14, Q2E: $0.32, Q3E: $0.26, Q4E: $0.33