Categories Earnings, Retail

Cheesecake Factory (CAKE): Q3 2019 Earnings Snapshot

–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

– Cheesecake shares closed Tuesday’s regular trading session higher; the stock dropped about 10% since last year

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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