The Cheesecake Factory(US:CAKE) Zacks Investment Researchยท2024-05-07 14:20Core Insights - Cheesecake Factory (CAKE) is expected to report quarterly earnings of $0.63 per share, a 3.3% increase year-over-year, with revenues projected at $888.27 million, reflecting a 2.6% year-over-year growth [1] - The consensus EPS estimate has been adjusted downward by 0.3% over the past 30 days, indicating a reassessment by analysts [1] Revenue Estimates - Revenues from North Italia are expected to be $69.76 million, representing a 10.2% increase from the prior year [2] - Revenues from The Cheesecake Factory restaurants are forecasted to reach $665.10 million, suggesting a 1.4% year-over-year increase [2] - Revenues from Other segments are estimated at $77.24 million, indicating a 1.2% decrease year-over-year [2] - Revenues from Other FRC are projected to be $76.75 million, reflecting an 11.8% year-over-year increase [3] Comparable Restaurant Sales - Comparable restaurant sales for The Cheesecake Factory are estimated to decline by 0.9%, contrasting with a 5.7% increase from the previous year [3] - Comparable restaurant sales for North Italia are expected to be 2.7%, down from 9% in the prior year [4] Number of Restaurants - The number of company-owned restaurants for The Cheesecake Factory is projected to be 216, up from 210 year-over-year [3] - The total number of company-owned restaurants is estimated at 338, compared to 318 in the previous year [3] - The number of company-owned restaurants for North Italia is expected to reach 37, up from 33 year-over-year [3] - The number of company-owned restaurants for Other FRC is projected at 41, compared to 35 in the prior year [4] - The number of company-owned restaurants for Other is expected to remain at 40, consistent with the previous year's figure [4] Stock Performance - Over the past month, shares of Cheesecake Factory have returned +0.4%, while the Zacks S&P 500 composite has seen a -0.4% change [4] - Currently, CAKE holds a Zacks Rank 3 (Hold), indicating that its performance may align with the overall market in the near future [4]