The Cheesecake Factory Incorporated (NASDAQ:CAKE) Q4 2023 Earnings Conference Call February 21, 2024 5:00 PM ET Corporate Participants Etienne Marcus - Vice President, Finance and Investor Relations David Overton - Chairman and Chief Executive Officer Matt Clark - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Harbour - Morgan Stanley Mary Hodes - Baird Katherine Griffin - Bank of America Anisha Datt - Barclays Capital Aisling Grueninger - Piper Sandler Brian Vaccaro ...

For the quarter ended December 2023, Cheesecake Factory (CAKE) reported revenue of $877.01 million, down 1.8% over the same period last year. EPS came in at $0.80, compared to $0.56 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $877.31 million, representing a surprise of -0.03%. The company delivered an EPS surprise of +8.11%, with the consensus EPS estimate being $0.74.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Cheesecake Factory (CAKE) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.11%. A quarter ago, it was expected that this restaurant chain would post earnings of $0.42 per share when it actually produced earnings of $0.39, delivering a surprise of -7.14%.Over the last four quarters, t ...

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2023, which ended on January 2, 2024. Total revenues were $877.0 million in the fourth quarter of fiscal 2023 compared to $892.8 million in the fourth quarter of fiscal 2022. The fourth quarter of fiscal 2023 included 13 weeks compared to 14 weeks in the fourth quarter of fiscal 2022. Excluding the impact of the additional week in fiscal 2022, which ...

The Cheesecake Factory Incorporated (CAKE) is scheduled to report fourth-quarter fiscal 2023 results on Feb 21, after market close. In the previous quarter, the company’s earnings and revenues missed the Zacks Consensus Estimate by 7.1% and 1.4%, respectively. However, the metrics improved on a year-over-year basis.How are Estimates Placed?For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has remained unchanged at 74 cents in the past 60 days. The estimated figure indicates ...

Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Etienne Marcus (818) 871-3000 investorrelations@thecheesecakefactory.com THE CHEESECAKE FACTORY REPORTS RESULTS FOR FOURTH QUARTER OF FISCAL 2023 CALABASAS HILLS, Calif. – February 21, 2024 – The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2023, which ended on January 2, 2024. Total revenues were $877.0 million in the fourth quarter of fiscal 2023 compared to $892.8 million in the f ...

Key PointsThe food service industry reached a staggering $997 billion in sales in 2023. As of January 2024, it provided over 12 million jobs in the United States. The restaurant industry is constantly evolving, with social media-driven trends and fickle consumer demands often shaping how we eat out.5 stocks we like better than AKSinking your teeth into a juicy burger from your favorite fast-food chain is comfort food at its finest. But as an investor, capitalizing on a flourishing restaurant empire may prov ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Cheesecake Factory (CAKE) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Febr ...

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory Incorporated (NASDAQ: CAKE) today announced it will release fourth quarter fiscal 2023 financial results after market close on Wednesday, February 21, 2024. The Company will hold a conference call to discuss its results on the same day beginning at 2:00 p.m. Pacific Time. The conference call will be webcast and can be accessed on the Company’s website, investors.thecheesecakefactory.com. A replay of the webcast will be available on the Company ...

SOPA Images/LightRocket via Getty ImagesThesis Summary Today's research article covers The Cheesecake Factory (NASDAQ:CAKE), in the consumer discretionary / restaurant sector, to which I gave a buy rating. My portfolio strategy with this stock is (stable dividend income generation and growth, capital gains). A few points supporting my rating include YoY revenue growth and expected continued growth of new restaurants, a return to profitability after a net loss a year ago, a return to dividend growth afte ...