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Cheesecake Factory Hits 52-Week High: Key Insights Before Q3 Earnings
CAKEThe Cheesecake Factory(CAKE) Gurufocus·2024-10-07 16:14

Cheesecake Factory (CAKE, Financial) has recently surpassed its 34−41tradingrange,reachinganew52−weekhigh.ThismovementcomesaheadofitsQ3earningsreportonOctober29.TherecentperformanceofBrinker(EAT,Financial),whichoperatesChili′s,hasalsodrawnattentiontoCAKE.InlateJuly,CAKEreporteditsthirdconsecutivequarterofEPSgrowth.Revenueincreasedby4.434-41 trading range, reaching a new 52-week high. This movement comes ahead of its Q3 earnings report on October 29. The recent performance of Brinker (EAT, Financial), which operates Chili's, has also drawn attention to CAKE.In late July, CAKE reported its third consecutive quarter of EPS growth. Revenue increased by 4.4% year-over-year to 904 million, slightly below analyst expectations but at the high end of prior guidance. Notably, CAKE's ...