Cheesecake Factory (CAKE) Q1 Earnings Beat Estimates, Rise Y/Y
The Cheesecake Factory(CAKE) Zacks Investment Research·2024-05-10 00:01
The Cheesecake Factory Incorporated (CAKE) reported impressive first-quarter fiscal 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased from the prior-year quarter’s figure.Earnings & Revenue DiscussionIn the quarter under review, the company reported adjusted earnings per share (EPS) of 73 cents, beating the Zacks Consensus Estimate of 63 cents by 15.9%. In the year-ago period, the company reported adjusted EPS of 61 cents.Quarterly revenues ...