Cheesecake 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.
News For CAKE From The Last 14 Days
Check below for free stories on CAKE the last two weeks.
Cheesecake 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.