Tuesday May 26, 2020, 00:00:00
A company called Ghost Kitchens is offering desserts from The Cheesecake Factory (CAKE; Neutral, $19.97) Bakery from at least five different locations in Canada, Kalinowski Equity Research LLC has learned. For example, the following is listed on DoorDash’s website in Calgary, Alberta, Canada:
GHOST KITCHENS PRESENTS CHEESECAKE FACTORY BAKERY
Tuesday May 5, 2020, 00:00:00
After today’s market close, The Cheesecake Factory (CAKE; Neutral, $19.52) reported adjusted Q1 EPS of +$0.04, one cent above our +$0.03 forecast, and well above sellside consensus (according to Consensus Metrix) of -$0.39.
Monday March 30, 2020, 00:00:00
We lower our U.S. same-store sales estimates for The Cheesecake Factory (CAKE; Neutral) as follows:
Q1E 2020: down by -23 percentage points to -21.0%
Q2E 2020: down by -51.5 percentage points to -50%
Q3E 2020: down by -26.5 percentage points to -25%
Q4E 2020: down by -16.5 percentage points to -15%
Full-year 2020E: down by -29.4 percentage points to -27.8%
Full-year 2021E: up by +8.5 percentage points to +10.0%