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Cheesecake Factory beats revenue and profit estimates driven by core brand growth

Earnings Whispers +6 · ·by G4L

CAKE
CAKE Cheesecake Factory Inc
$110.96 +3.93%
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  1. 1Cheesecake Factory revenue of $1,033,000,000 increased by 13.9%.
  2. 2Cheesecake Factory recorded a year-over-year profit growth rate of 50.0%.
  3. 3North Italia same-store sales declined by 3%.

So what's the key point?

Cheesecake Factory revenue rose to $1,033,000,000, performing better than expert expectations. While profit grew by 50.0%, North Italia store sales decreased.

Source Earnings Whispers +6 · View original ↗

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