The Cheesecake Factory Inc. CAKE just released its second quarter fiscal 2016 earnings results, posting earnings of $0.78 per share (excluding special items) and revenue of $558.9 million.
Currently, CAKE has a Zacks Rank #3 (Hold), 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:
Beat earnings estimates. The company posted earnings of $0.78 per share (excluding special items), surpassing the Zacks Consensus Estimate of $0.71 per share.
Missed revenue estimates. The company saw revenue figures of $558.9 million, below our consensus estimate of $562.95 million. Revenue grew 5.6% year-over-year.
Declared a quarterly cash dividend of $0.24 per share on the company’s common stock, representing a 20% increase.
Saw the bottom line grow to $38.59 million, up from $34.72 million for the same quarter last year.
CAKE was down $1.26, or 2.53%, to $48.50 as of 4:40 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at The Cheesecake Factory’s share price and EPS surprises since 2015…
CHEESECAKE FACT Price and EPS Surprise
CHEESECAKE FACT Price and EPS Surprise | CHEESECAKE FACT Quote
The Cheesecake Factory Inc. operates full-service and casual dining restaurants primarily in the United States. As of May 31st, 2016, it owned and operated 202 casual dining restaurants throughout the United States and Puerto Rico, including 189 restaurants under the Cheesecake Factory mark, 12 restaurants under the Grand Lux Café Mark, and operated 11 The Cheesecake Factory branded restaurants under licensing agreements. The company also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors.
Check back later for our full analysis onCAKE’s second quarter earnings report!
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