Cheesecake Factory (CAKE) Q2 Earnings Beat Estimates, Rise Y/Y
The Cheesecake Factory(CAKE) ZACKS·2024-08-02 00:36
The Cheesecake Factory Incorporated (CAKE) reported second-quarter fiscal 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line increased from the prior-year quarter’s figure.During the quarter, CAKE stated benefits from strong demand and sales performance of new restaurant openings. Also, improvements in food efficiencies, labor productivity, overtime and wage management enhanced restaurant-level profitability. The company emphasizes str ...