Wednesday April 27, 2022, 18:25:39
After today’s market close, The Cheesecake Factory reported adjusted Q1 EPS of $0.47. This was short of our $0.52 estimate, as well as sell-side consensus (according to Consensus Metrix) of $0.51.
Monday March 14, 2022, 07:00:00
Some challenges facing The Cheesecake Factory today likely will continue to do so for much or all of 2022. For example, in its mid-February conference call, management noted at that time that it anticipated commodity inflation of low-double digits on an annual basis, including mid-teens presume in Q1, dwindling down to mid-to-high single-digit pressure in Q4. Wage inflation is presumed to be +5% this year. And, of course, that February 16th conference call came before Russia invaded Ukraine on February 24th.
Wednesday February 16, 2022, 18:25:17
After today’s (Wednesday’s) market close, The Cheesecake Factory reported adjusted Q4 EPS of $0.49, falling short of our $0.62 forecast and sell-side consensus (according to Consensus Metrix) of $0.58. Management comments that “We believe our operating results would have been in line with expectations but for the softer sales trend during the last two weeks of the quarter which coincided with the Omicron surge.”
Thursday October 10, 2024
Thursday October 10, 2024