The Cheesecake Factory Incorporated (CAKE) reported Q4 revenue of $961.6M, exceeding the consensus estimate of $948.89M. Despite a 2.2% decline in comparable restaurant sales, the company achieved solid fourth-quarter and full-year results, with record annual revenue supported by 25 new restaurant openings. Analyst firms Mizuho and Citi recently raised their price targets for CAKE shares, maintaining Outperform and Buy ratings, respectively.
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The Cheesecake Factory Incorporated (CAKE) Reports Q4 Revenue of $961.6M, Above Consensus
The Cheesecake Factory Incorporated (CAKE) reported Q4 revenue of $961.6M, exceeding the consensus estimate of $948.89M. Despite a 2.2% decline in comparable restaurant sales, the company achieved solid fourth-quarter and full-year results, with record annual revenue supported by 25 new restaurant openings. Analyst firms Mizuho and Citi recently raised their price targets for CAKE shares, maintaining Outperform and Buy ratings, respectively.