Here's Why You Should Retain Cheesecake Factory (CAKE) Stock [Yahoo! Finance]
The Cheesecake Factory Incorporated (CAKE)
Last the cheesecake factory incorporated earnings: 2/19 04:15 pm
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US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
The focus on unit-expansion efforts bodes well. However, uncertain macroeconomic environments are a concern. Let us discuss the factors that highlight why investors should retain the stock for now. Factors Driving Growth Cheesecake Factory is benefiting from impressive comps performance. In the fiscal fourth quarter, comps at Cheesecake Factory restaurants rose 2.5% year over year (lower than our expectation of 4% growth) compared with 4% in the prior-year quarter. Comps rose 14% from 2019 levels. The upside was driven by improved traffic and a favorable menu mix. North Italia comps rose 7% year over year compared with 9% in the year-ago quarter. The metric increased 34% compared with 2019 levels. For the 52-week ended Jan 2, 2024, comps at Cheesecake Factory restaurants increased 3% year over year compared with 7% growth reported a year ago. Given the elevated incident rates and traffic improvements, the momentum is likely to continue in the upcoming period. Increased focus o
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CAKE
Earnings
- 2/21/24 - Beat
CAKE
Sec Filings
- 4/18/24 - Form ARS
- 4/18/24 - Form DEFA14A
- 4/18/24 - Form DEF
- CAKE's page on the SEC website