Categories Consumer, Earnings

Cheesecake Factory (CAKE): Q4 2019 Earnings Snapshot

— Restaurant operator The Cheesecake Factory Incorporated (NASDAQ: CAKE) reported an 8% decline in adjusted earnings for the fourth quarter of 2019 to $0.58 per share from last year, versus $0.60 per share expected.

— Revenues climbed by 19% to $694 million versus $706.21 million expected.

Earnings Update by AlphaStreet

— Comparable restaurant sales increased by 0.6% year-over-year. The comps outperformed the casual dining industry.

— The unadjusted earnings soared by 201% due to the inclusion of the acquisition of North Italia and the remaining business of Fox Restaurant Concepts. The results also reflected a gain on an investment in unconsolidated affiliates as well as an impairment and lease termination charge.

— The company’s board of directors declared a quarterly cash dividend of $0.36 per share of its common stock. The dividend is payable on March 20, 2020, to shareholders of record on March 9, 2020.

— Separately, the company announced the expansion of its board from seven to eight members and appointed Janice L. Meyer as an independent member. Meyer will also serve on the Audit Committee and will stand for election at the 2020 Annual Meeting.

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

LUV Earnings: Key numbers from Southwest Airlines Q1 2021 financial results

Southwest Airlines Co. (NYSE: LUV) today reported its first quarter financial results for the period ended March 31, 2021. First quarter GAAP net income was $116 million, or $0.19 per

Infographic: American Airlines (AAL) posts Q1 2021 earnings today

Aviation company American Airlines Group Inc. (NASDAQ: AAL) reported its first-quarter 2021 earnings before regular market hours. The operating revenue for the first quarter of 2021 was down by 39% at

Infographic: How Biogen (BIIB) performed in Q1 2021

Biogen Inc. (NASDAQ: BIIB) reported first quarter 2021 earnings results today. Total revenues decreased 24% year-over-year to $2.6 billion. On a constant currency basis, revenues fell 25%. Net income attributable

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top