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Stock Market & Financial Investment News

News Breaks
June 30, 2013
16:39 EDTCAKECheesecake Factory benefits from improving Western economy, Barron's says
Cheesecake Factory has benefited from an improving economy in Western states and could benefit from an expected drop in commodity prices next year, Barron's reports in its The Trader column. The company has been expanding overseas and the stock could benefit further as details come in from international restaurants, the paper adds. Reference Link
News For CAKE From The Last 14 Days
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July 23, 2014
17:16 EDTCAKECheesecake Factory sees FY14 EPS $2.19-$2.25, consensus $2.28
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17:14 EDTCAKECheesecake Factory sees Q3 EPS 55c-58c, consensus 60c
Sees Q3 SSS up 1%-2%. Guidance provided in Q2 earnings conference call.
16:30 EDTCAKECheesecake Factory sees opening up to 10 company-owned restaurants in FY14
The company opened one new restaurant and relocated one restaurant during the second quarter. The company continues to expect to open as many as ten company-owned restaurants in fiscal 2014. Internationally, the first The Cheesecake Factory restaurant opened in Mexico last week under a licensing agreement. The company continues to expect as many as three to four restaurants to open in the Middle East and Mexico under licensing agreements in fiscal 2014.
16:29 EDTCAKECheesecake Factory raises quarterly dividend 18% to 16.5c from 14c per share
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16:27 EDTCAKECheesecake Factory reports Q2 adjusted EPS 59c, consensus 61c
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July 11, 2014
07:43 EDTCAKECheesecake Factory Q2 estimates lowered at Janney Capital
Janney Capital lowered its Q2 same-store sales estimate for Cheesecake Factory to 1.5% and lowered its Q2 EPS estimate by 2c to 60c following its channel checks. The firm maintains its Neutral rating on the stock.

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