Cheesecake Factory rises on Q1 profit beat, higher rev

Cheesecake Factory

11/05/2023 14:56

** Shares of restaurant chain Cheesecake Factory Inc
 CAKE.O  up 3.1% at $33.77 
    ** Posts Q1 adj. profit of $0.61/shr beating estimates of
$0.59/shr
    ** Posts Q1 rev of $866.1 mln vs $793.7 mln reported a year
ago
    ** Says comparable sales at Cheesecake Factory restaurants
rose 5.7% year-over-year in the first quarter 
    ** Six of 18 brokerages rate the stock "buy" or higher, 9
"hold" and 3 "sell" or lower; their median PT is $38.00 -
Refinitiv data
    ** Including sessions gains, stock was up 6.43% YTD 
    
 

 (Reporting By Akshita Toshniwal in Bengaluru)
 ((Akshita.Toshniwal@thomsonreuters.com))