Circana Announces Top 50 U.S. Restaurants [Yahoo! Finance]
The Cheesecake Factory Incorporated (CAKE)
Last the cheesecake factory incorporated earnings: 2/19 04:15 pm
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Source: Yahoo! Finance
Restaurant Ranking Report, offering insights into evolving consumer habits, performance trends, and the top players in the industry. While restaurant traffic saw a modest growth of 1% in 2023 compared to the previous year, a 5% increase in consumer spending was recorded, surpassing the 4% growth observed in 2022. Notably, the industry now stands as a half-a-trillion-dollar juggernaut, with dollars exceeding 2019 levels by 12%, despite traffic remaining 8% below prepandemic levels. Circana forecasts a further 1% growth in restaurant traffic for 2024. “The U.S. restaurant industry continues to adapt and evolve in response to changing consumer preferences and market dynamics,” said David Portalatin, senior vice president and food industry advisor for Circana. “As we navigate the road ahead, it's crucial for industry players to remain agile and responsive to emerging trends to sustain growth and relevance.” Fast casual restaurants emerged as standout performers, outpacing the overal
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CAKE
Earnings
- 2/21/24 - Beat
CAKE
Sec Filings
- 4/18/24 - Form ARS
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- 4/18/24 - Form DEF
- CAKE's page on the SEC website