Benzinga | Jul 29, 2020 04:24PM EDT

Cheesecake Factory Q2 Adj. EPS $(0.87) Beats $(1.09) Estimate, Sales $295.90M Miss $304.23M Estimate

Cheesecake Factory (NASDAQ:CAKE) reported quarterly losses of $(0.87) per share which beat the analyst consensus estimate of $(1.09) by 20.18 percent. This is a 206.1 percent decrease over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $295.90 million which missed the analyst consensus estimate of $304.23 million by 2.74 percent. This is a 50.90 percent decrease over sales of $602.64 million the same period last year.