The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are ...

Have you been paying attention to shares of Cheesecake Factory (CAKE) ? Shares have been on the move with the stock up 24.9% over the past month. The stock hit a new 52-week high of $50.75 in the previous session. Cheesecake Factory has gained 41.1% since the start of the year compared to the 25.6% move for the Zacks Retail-Wholesale sector and the 6.5% return for the Zacks Retail - Restaurants industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn ...

财务表现 - 公司总收入增长4.3%至8.655亿美元，主要由于新餐厅开业和可比餐厅销售增加[85] - 食品和饮料成本占收入比例为22.6%，较上年同期下降0.9个百分点[84] - 劳动力成本占收入比例为35.9%，较上年同期下降0.4个百分点[84] - 其他经营成本和费用占收入比例为26.9%，较上年同期上升0.2个百分点[84] - 管理费用占收入比例为6.4%，与上年同期持平[84] - 营业利润率为4.9%，较上年同期上升1个百分点[84] - 净利润率为4.3%，较上年同期上升0.8个百分点[84] 业务表现 - 第三季度The Cheesecake Factory销售额增长3.1%至6.478亿美元[86] - North Italia销售额增长15.2%至7,190万美元[87] - Flower Child销售额增长13.7%至3,660万美元[89] - 其他FRC销售额增长14.3%至6,700万美元[90] 成本管控 - 食品和饮料成本占收入比例从23.5%下降至22.6%[92] - 人工成本占收入比例从36.3%下降至35.9%[93] - 其他经营成本占收入比例从27.6%上升至27.7%[94] 税率变化 - 第三季度税率从-5.5%上升至5.8%[99] 未来展望 - 2024财年预计总收入约为35.7亿美元[112] - 2024财年预计净利润率约为4.5%[113] - 公司计划在2024财年开设最多22家新餐厅，包括最多3家The Cheesecake Factory餐厅、6家North Italia餐厅、6-7家Flower Child门店和8家其他FRC业务下的餐厅[123] - 预计2024财年第四季度总收入将在9.05亿美元至9.15亿美元之间，商品价格通胀预计将处于单位数低位区间，劳动力成本通胀预计将处于单位数低至中位区间[115] - 预计2025财年总收入约为37.5亿美元，商品和净劳动力成本通胀预计将处于单位数低至中位区间，期望毛利率约为4.75%[116] 现金流和资本支出 - 2024财年前九个月现金及现金等价物减少410万美元至5220万美元，经营活动产生的现金流增加2380万美元主要由于净收入增加和应付账款增加[121] - 2024财年前九个月新餐厅资本支出为7610万美元，现有餐厅维护资本支出为3810万美元，预计2024财年资本支出为1.8亿至2亿美元[122,123] 风险因素 - 公司正在为2025财年的主要食品和非食品供应进行合同谈判，但这些努力可能无法成功或产生预期的利益[138] - 未签订合同的商品可能会面临供应和成本波动，有时可能很大[139] - 公司面临利率变化带来的市场风险，基于2024年10月1日和2024年1月2日的未偿借款，利率上升1%将使利息费用增加130万美元[140] - 公司面临与支持非合格计划的可变人寿保险合同投资相关的市场风险，如果市场价值下降10%，净收入将分别下降280万美元和240万美元[140]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

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财务数据和关键指标变化 - 第三季度总收入为8.65亿美元，接近预期的高端 [16] - 调整后的净收入率为3.3%，超出预期的高端 [16] - 调整后的每股收益增长49%，过去四个季度累计增长超过31% [7][16] 各条业务线数据和关键指标变化 - Cheesecake Factory餐厅的销售额为6.478亿美元，同比增长3% [17] - North Italia的销售额为7190万美元，同比增长15% [17] - Flower Child的销售额为3660万美元，同比增长14% [17] - Cheesecake Factory餐厅的单位利润率为16.4%，较2023年第三季度提高180个基点 [12] 各个市场数据和关键指标变化 - Cheesecake Factory的外卖销售占总销售的21%，年化每家餐厅外卖销售为250万美元，几乎是竞争对手的两倍 [13] - North Italia的年化平均销售额为740万美元，成熟地点的单位利润率为15% [13] - Flower Child的平均每周销售额为85200美元，同比增长超过6% [13] 公司战略和发展方向和行业竞争 - 公司计划在2024年开设多达22家新餐厅，2025年预计加速增长，开设多达24家新餐厅 [8][23][25] - 公司专注于通过规模和时机来最大化价值创造潜力，持续评估和优化其业务组合 [9] - 公司在餐饮行业的竞争力体现在其高员工留存率和卓越的运营执行力上 [11] 管理层对经营环境和未来前景的评论 - 管理层对未来的展望持乐观态度，预计2025年总收入约为37.5亿美元 [24] - 管理层认为，尽管面临行业挑战，但公司在市场份额和客户满意度方面表现出色 [7][11] - 管理层提到，消费者行为保持稳定，销售趋势在第三季度有所改善 [30] 其他重要信息 - 公司在第三季度的资本支出约为5400万美元，主要用于新单位开发和维护 [20] - 公司在第三季度回购了约110万美元的股票，并通过分红向股东返还了1310万美元 [20] 问答环节所有提问和回答 问题: 关于同店销售的组成部分 - 同店销售的定价为4.5%，混合为负2.1%，流量为负0.8% [28] 问题: 消费者行为的变化 - 销售趋势在第三季度保持稳定，整体表现略好于第二季度 [30] 问题: 关于分拆增长品牌的可能性 - 公司董事会定期审查其投资组合和其他战略选项，以最大化股东价值 [33] 问题: Flower Child的表现 - Flower Child的同店销售持续强劲，预计在第四季度有进一步加速的空间 [37] 问题: 2025年的单位发展计划 - 预计2025年将继续加速单位增长，计划开设多达24家新餐厅 [25] 问题: 关于G&A支出 - 预计G&A支出将随着单位增长而略有增加，但目标是将其作为销售的百分比降低 [56] 问题: 假日季节的预期 - 管理层对假日季节的展望持乐观态度，认为与历史模式一致 [57]

Cheesecake Factory (CAKE) reported $865.47 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 4.3%. EPS of $0.58 for the same period compares to $0.39 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $866.02 million, representing a surprise of -0.06%. The company delivered an EPS surprise of +23.40%, with the consensus EPS estimate being $0.47.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...

Cheesecake Factory (CAKE) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 23.40%. A quarter ago, it was expected that this restaurant chain would post earnings of $1 per share when it actually produced earnings of $1.09, delivering a surprise of 9%. Over the last four quarters, the c ...

财务表现 - 总收入为8.655亿美元，同比增长4.2%[2] - 净收入为3000万美元，每股摊薄收益为0.61美元[2] - 剔除资产减值和租赁终止收益以及并购费用的影响后，调整后净收入为2820万美元，每股摊薄收益为0.58美元[3] - 公司总收入为8.65亿美元，同比增长4.2%[14] - 餐厅运营利润为3.37亿美元，同比增长77.3%[14] - 餐厅折旧和摊销费用为2.53亿美元，同比增加10.8%[15] 门店拓展 - 公司在第三季度新开4家餐厅，第四季度又新开3家餐厅，全年计划新开22家餐厅[6][7] - 新开餐厅1家，总餐厅数量为215家[17] - North Italia新开餐厅3家，总餐厅数量为39家[17] - 其他FRC品牌新开餐厅6家，总餐厅数量为46家[17] 财务状况 - 截至10月1日，公司可用流动性为2.887亿美元，包括5220万美元现金和2.365亿美元未使用的信贷额度[8] - 现金及现金等价物为5.22亿美元[18] - 长期债务净额为4.72亿美元[18] 其他 - 公司在第三季度回购了约29,450股股票，花费110万美元，并宣布派发每股0.27美元的季度股息[9] - 公司连续11年入选《财富》杂志"全美最佳雇主100强"[11] - 公司在第三季度录得250万美元的资产减值和租赁终止收益以及并购费用[3] - 同店销售增长1.6%[4] - 同店销售额同比增长2.4%[17] - North Italia同店销售额同比增长8%[17]