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Cheesecake Factory: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Cheesecake Factory (NASDAQ:CAKE) moved higher by 0.2% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 155.93% year over year to ($0.33), which beat the estimate of ($0.42).

Revenue of $517,716,000 decreased by 11.73% year over year, which beat the estimate of $487,830,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Cheesecake Factory hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 29, 2020

View more earnings on CAKE

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.thecheesecakefactory.com%2F&eventid=2625804&sessionid=1&key=818319A08F6B268D0B0897DB171618E7&regTag=&sourcepage=register

Technicals

52-week high: $45.24

Company's 52-week low was at $14.52

Price action over last quarter: Up 17.61%

Company Description

Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and others. Most of the company's revenue comes from The Cheesecake Factory restaurants segment.

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