Shares of Cheesecake Factory CAKE moved higher by 0.2% in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share fell 155.93% year over year to ($0.33), which beat the estimate of ($0.42).
Revenue of $517,716,000 decreased by 11.73% year over year, which beat the estimate of $487,830,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Cheesecake Factory hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Oct 29, 2020
Time: 05:00 PM
Technicals
52-week high: $45.24
Company's 52-week low was at $14.52
Price action over last quarter: Up 17.61%
Company Description
Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and others. Most of the company's revenue comes from The Cheesecake Factory restaurants segment.
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