By Mark Kalinowski
Published on October 29, 2020 at 12:00 AM
After Thursday’s market close, The Cheesecake Factory (CAKE; Neutral, $29.94) reported adjusted Q3 EPS of -$0.33, better than our forecast of -$0.45, and also better than sell-side consensus (according to Consensus Metrix) of -$0.37.
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By Mark Kalinowski
Published on October 8, 2020 at 12:00 AM
Earlier today (Thursday, October 8th), we learned that the BlackBox Index of samestore sales for September 2020 was down by -8.1%, with same-store traffic down by -14.6%. The -8.1% figure is +420 basis points better than the August 2020 number of -12.3%, which itself was +280 basis points better than the July 2020 number of -15.1%.
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By Mark Kalinowski
Published on October 7, 2020 at 12:00 AM
With this report, we update our data-driven Kalinowski Casual Dining Index for Q3E to -19.6%. This figure is based on our latest proprietary checks/data as regards same-store sales performance for this segment during July, August, and September. Our implied numbers for these three months are about -24%, -19%, and -16%, respectively.
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