–Restaurant operator Cheesecake Factory (NASDAQ: CAKE) reported adjusted earnings of $0.59 per share for the third quarter of 2019, vs. $0.55 per share expected.
– Unadjusted profit was $16.1 million or $0.36 per share, compared to $28.5 million or $0.61 per share in the same period of last year
– September-quarter revenues climbed to $586.5 million from $575.2 million last year, vs. $594.44 million expected
– Comparable restaurant sales increased 0.4% year-over-year
– Repurchased around 263,000 shares of common stock at a cost of $11.4 million
ADVERTISEMENT
– Cheesecake shares closed Tuesday’s regular trading session higher; the stock dropped about 10% since last year