The Cheesecake Factory Inc. (CAKE - Free Report) 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…
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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The Cheesecake Factory Inc. (CAKE - Free Report) 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…
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!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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