Cheesecake Factory Q2 EPS $0.88 Beats $0.82 Estimate, Sales $866.17M Miss $879.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cheesecake Factory reported Q2 earnings of $0.88 per share, beating the analyst consensus estimate of $0.82 by 7.32%. However, the company's quarterly sales of $866.17 million missed the analyst consensus estimate of $879.66 million by 1.53%. The earnings represent a 69.23% increase from the same period last year, while the sales represent a 4.03% increase.
August 04, 2023 | 12:11 pm
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Cheesecake Factory's Q2 earnings beat estimates but sales missed, indicating mixed performance.
Cheesecake Factory's earnings beat could boost investor confidence, but the sales miss might offset this positive sentiment. The overall impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100