Cheesecake Factory Q4 2023 Adj EPS $0.80 Beats $0.73 Estimate, Sales $877.00M Miss $878.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cheesecake Factory (NASDAQ:CAKE) reported Q4 2023 adjusted EPS of $0.80, surpassing the $0.73 estimate. However, its sales of $877.00M slightly missed the $878.43M estimate, marking a 1.77% decrease from the previous year.
February 21, 2024 | 9:16 pm
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Cheesecake Factory reported a Q4 2023 adjusted EPS of $0.80, beating estimates, but sales slightly missed expectations and decreased year-over-year.
The mixed results with an earnings beat but a slight miss on sales and a year-over-year decrease might lead to neutral short-term stock price movement. Investors may weigh the positive earnings surprise against the slight sales miss and the decrease in sales compared to the previous year.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100