BUZZ-Cheesecake Factory drops after bigger-than-expected quarterly sales decline

Reuters
Feb 19
BUZZ-Cheesecake Factory drops after bigger-than-expected quarterly sales decline

** Shares of restaurant chain operator Cheesecake Factory CAKE.O fall 7.6% to $59.22 premarket

** Co, after market close on Wednesday, posted comparable restaurant sales decline of 2.2% year-over-year, steeper than analysts' average estimate of a 0.75% fall - data compiled by LSEG

** CEO David Overton cited a more challenging operating environment across the restaurant industry, including weather-related impacts

** Q4 revenue of $961.6 million beat estimates of $949.51 million, while adjusted EPS of $1 beat estimates by a cent

** Raymond James analysts note QTD trends have rebounded back into positive territory; says stock is fairly valued, would remain patient to get a better sense of underlying comparable sales through the spring

** Ten of 23 brokerages rate the stock "buy" or higher, nine "hold" and four "sell" or lower; with a median PT of $63.50

** Stock rose 6.4% in 2025

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10