nickname168
2022-11-06

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.

@TigerEvents

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Kbchoo
    2022-11-06
    Kbchoo
    continues your effort
  • Big Little
    2022-11-06
    Big Little
    Sounds cheesy
  • Abby06
    2022-11-06
    Abby06
    thanks for sharing
  • GH_82
    2022-11-06
    GH_82
    Thanks for sharing
  • SirBahamut
    2022-11-06
    SirBahamut
    Thanks for sharing!
  • Kbchoo
    2022-11-06
    Kbchoo
    is a good sharing...i love it
Leave a comment
64
1