Cheesecake Factory Q3 2023 Adj EPS $0.39 Misses $0.43 Estimate, Sales $830.21M Miss $842.75M Estimate
Portfolio Pulse from vinayak@benzinga.com
Cheesecake Factory (NASDAQ:CAKE) reported Q3 2023 earnings of $0.39 per share, missing the analyst consensus estimate of $0.43 by 9.3%. The company also reported quarterly sales of $830.21 million, missing the estimate of $842.75 million by 1.49%. However, these figures represent a 1400% increase in earnings and a 5.89% increase in sales compared to the same period last year.
November 01, 2023 | 9:09 pm
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NEUTRAL IMPACT
Cheesecake Factory's Q3 2023 earnings and sales missed estimates, but showed significant YoY growth. This could have a mixed impact on the stock.
While the company missed analyst estimates for both earnings and sales, the significant YoY growth in both areas could be seen as a positive sign by investors. This could result in a mixed impact on the stock, with some investors potentially being concerned about the missed estimates, while others may focus on the YoY growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100