Cheesecake Factory: Q3 Earnings Snapshot
By AP News
Published - Oct 29, 2024, 04:22 PM ET
Last Updated - Dec 16, 2024, 05:52 PM EST
CALABASAS HILLS, Calif. (AP) — CALABASAS HILLS, Calif. (AP) — The Cheesecake Factory Inc. (CAKE) on Tuesday reported third-quarter net income of $30 million.
On a per-share basis, the Calabasas Hills, California-based company said it had profit of 61 cents. Earnings, adjusted for one-time gains and costs, were 58 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The restaurant chain posted revenue of $865.5 million in the period, which missed Street forecasts. Ten analysts surveyed by Zacks expected $866 million.
