The experiential dining chain - $Cheesecake Factory(CAKE)$missed Wall Street revenue and profit estimates.
Fiscal third quarter revenue grew 4% to $784.0 million. Analysts were expecting $799.383 million.
The net loss for the three months ended September 27 was $2.4 million compared to a year ago profit of $32.7 million.
The per share loss was 5 cents. Refinitiv's mean analyst estimate was for a profit of 28 cents per share.
Relative to fiscal 2019, third quarter comparable restaurant sales at The Cheesecake Factory restaurants increased 9.5%.
Through October 25th, fourth quarter-to-date comparable sales for The Cheesecake Factory restaurants increased approximately 2.8% year-over-year and 14.0% as compared to the same period in fiscal 2019.
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