Monday January 31, 2022, 07:00:00
The Cheesecake Factory (CAKE; Neutral, $34.94) plans to report its fourth quarter earnings after the market close on Wednesday, February 16th. The company likely will provide an update on Q1-to-date same-store sales trends on its related conference call that afternoon.
Wednesday November 3, 2021, 18:29:02
After today’s (Wednesday’s) market close, The Cheesecake Factory reported adjusted Q3 EPS of $0.65, falling short of our $0.70 forecast and sell-side consensus (according to Consensus Metrix) of $0.70. We would note that Labor Expenses/Total Revenues amounted to 37.1% in Q3, as opposed to our 36.1% projection. In addition, Other Operating Costs/Total Revenues came to 26.7%, as compared to our 26.1% estimate. Management notes that higher-than-expected impacts in Q3 included group medical insurance costs, sick pay, and training expenses.
Tuesday September 7, 2021, 16:56:44
There appear to be at least two growing opportunities for The Cheesecake Factory. First, ghost kitchens seem to be well-aligned with the goals of the company’s bakery business. Second, Europe represents an opportunity. We are likely getting closer than ever to the company’s opening (most probably via a licensed partner) of the first Cheesecake Factory restaurant in Europe. And even if this latter opportunity doesn’t happen any time soon, perhaps there have been some hints that the bakery business — and the “Cheesecake Factory at Home” business — are poised for rapid growth in Europe, too.
Thursday October 10, 2024
Thursday October 10, 2024