Benzinga | Jul 29, 2020 04:40PM EDT

Recap: Cheesecake Factory Q2 Earnings

Shares of Cheesecake Factory (NASDAQ:CAKE) rose 4.94% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 206.10% over the past year to ($0.87), which beat the estimate of ($1.09).

Revenue of $295,851,000 decreased by 50.91% year over year, which missed the estimate of $304,230,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 29, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.thecheesecakefactory.com%2Fnews-and-events%2Fevents-and-presentations%2Fdefault.aspx&eventid=2395771&sessionid=1&key=D19DF0A37E094668B6873E8E1EA9C7D4&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $45.24

52-week low: $14.52

Price action over last quarter: Up 38.25%

Company Description

Cheesecake Factory Inc owns and operates roughly 200 restaurants in the United States. Most stores operate under The Cheesecake Factory name, but the company also owns The Grand Lux Cafe and RockSugar Pan Asian Kitchen. Cheesecake Factory's small international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The Cheesecake Factory also has two bakery production facilities where it makes dozens of varieties of cheesecakes, which are distributed for sale at the company and licensees restaurants. The majority of company revenue comes from The Cheesecake Factory restaurants.