News for Cheesecake Factory
Jan 13 · 7:06:00 AM · Source: Company Press Release
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.
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by Rich Pike
Jan 11 · 3:17:00 PM · Source: MSN Moneycentral
Janney Mntgmy Scott downgraded Cheesecake Factory from Neutral to Sell.
Analyst Mark Kalinowski said in a client note that his sources have suggested that casual dining operators' sales at restaurants open at least a year were no better in December than in October and November, when the indicator was down by 4 percent to 5 percent.
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by Rich Pike
Oct 23 · 10:04:00 AM · Source: Press Release
Cheesecake Factory reported diluted net income per share of $0.27 on total revenues of $400.6 million in the third quarter of fiscal 2009 as compared to $0.19 per share on total revenue of $405.1 million in the prior year third quarter.
“We achieved significant year-over-year growth in net income and earnings per share in the third quarter, driven by a third consecutive quarter of moderate gains in comparable restaurant sales and solid execution on our cost management initiatives,” said David Overton, Chairman and CEO.
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by Rich Pike
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