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Stock Market & Financial Investment News

News Breaks
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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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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