The Cheesecake Factory (CAKE – Analyst Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.54 per share and revenue of $526.8 million.
Currently, CAKE has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
The Cheesecake Factory:
1. Beat earnings estimates. The company posted $0.54 per share, surpassing our Zacks Consensus Estimate of 0.52. This number reflects a positive 12.5% year-over-year change.
2. Missed revenue estimates. The company saw revenue figures of $526.8 million, missing our estimate of $529 million.
3. Reported net income of $27.2 million.
4. “The fourth quarter of 2015 marks the completion of our sixth consecutive year of delivering positive comparable sales every quarter, and a continuation of our outperformance relative to the casual dining industry,” said David Overton, Chief Executive Officer.
5. CAKE was down $1.57, or 3.18%, to $47.80 as of 4:36 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at The Cheesecake Factory’s long-term quarterly reported EPS:
The Cheesecake Factory Inc. (CAKE – Analyst Report) Quarterly Reported EPS | FindTheCompany
The Cheesecake Factory operates many upscale, high volume, casual dining restaurants. They offer over 200 menu items including appetizers, pizza, seafood, steaks, chicken, burgers, pasta, salads, sandwiches, omelets and signature desserts including over 40 varieties of cheesecake. The Cheesecake Factory was founded in 1978 and is based in Calabasas Hills, California.
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