Cheesecake Factory (CAKE)

Cheesecake Factory announced preliminary, unaudited revenues and comparable restaurant sales for the fourth quarter of fiscal 2009, which ended on December 29, 2009. Total unaudited revenues were approximately $401 million in the fourth quarter of fiscal 2009 as compared to $400 million in the prior year fourth quarter. Comparable restaurant sales decreased 0.9% in the fourth quarter of fiscal 2009 from the fourth quarter of the prior year.
I'm seeing a trend of restaurants reporting same store sales declines in Q4 2009 compared to Q4 2008. The fourth quarter of 2008 wasn't exactly a pretty time for the economy, what with stock market meltdown, etc. So, for Q4 2009 SSS to decline from that level - that's kind of a problem.

Jan 13 · 7:06:00 AM · Source: Company Press Release
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by Rich Pike