Wednesday February 21, 2024, 19:24:10

CAKE (Post-Call): Net Margin Outlook for Full-Year 2024 is Better than Expected

By Mark Kalinowski

After today’s (Wednesday’s) market close, The Cheesecake Factory reported adjusted Q4 2023 EPS of $0.80, surpassing our $0.77 forecast and sell-side consensus (according to Consensus Metrix) of $0.73.

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Wednesday February 21, 2024, 19:24:10

CAKE (Post-Call): Net Margin Outlook for Full-Year 2024 is Better than Expected

By Mark Kalinowski

After today’s (Wednesday’s) market close, The Cheesecake Factory reported adjusted Q4 2023 EPS of $0.80, surpassing our $0.77 forecast and sell-side consensus (according to Consensus Metrix) of $0.73.

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Monday January 29, 2024, 07:20:00

CAKE: Adjusting Our Estimates (1/29/2024)

By Mark Kalinowski

We believe that January has proven a tough month as regards same-store sales for a wide swath of the restaurant industry, including the casual dining segment. Based on our conversations with industry contacts, bad weather – lapping a mild winter from one year ago – clearly seems to be the #1 reason behind the challenged January sales trends. As of today, it’s possible that February could prove to be similarly challenged.

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