Tuesday November 1, 2022, 18:58:41
After today’s (Tuesday’s) market close, The Cheesecake Factory reported adjusted Q3 EPS of -$0.03, falling way short of our +$0.31 forecast and sell-side consensus (according to Consensus Metrix) of +$0.28.
Wednesday July 27, 2022, 19:17:50
After today’s (Wednesday’s) market close, The Cheesecake Factory reported adjusted Q2 EPS of $0.52, falling well short of our $0.77 forecast and sell-side consensus (according to Consensus Metrix) of $0.78. This EPS miss came despite the adjusted Q2 tax rate of 5.1% being more favorable than our 11.5% projection and consensus of 11.8%.
Monday July 18, 2022, 07:00:00
Momentum in casual-dining segment same-store sales weakened over the course of June, with (for example) Darden Restaurants (DRI; Not Rated) remarking on its June 23rd conference call that “industry sales have slowed from May to June, and we have seen that as well…. And we talk about magnitude — it’s a couple of hundred basis points of the industry. It’s not like the industry went negative completely, but it’s closer to flat than it was before in the month of May.”
Thursday October 10, 2024
Thursday October 10, 2024