Cheesecake Factory Q2 2024 Adj. EPS $1.09 Beats $1.00 Estimate, Sales $904.000M Miss $908.662M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cheesecake Factory (NASDAQ: CAKE) reported Q2 2024 adjusted EPS of $1.09, beating the estimate of $1.00. However, sales of $904 million missed the $908.662 million estimate. Sales increased by 4.37% year-over-year.
July 31, 2024 | 8:23 pm
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Cheesecake Factory's Q2 2024 adjusted EPS of $1.09 beat estimates by 9%, but sales of $904 million missed by 0.51%. Sales increased 4.37% YoY.
The positive EPS surprise is likely to have a more significant impact on the stock price than the slight sales miss. The YoY sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100