Cheesecake Factory (CAKE) Sees FY12 Comps Up 1.5%-2.5%, 'Significant' Opportunities in Mexico, Asia
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The Cheesecake Factory (Nasdaq: CAKE) is flattening early Tuesday morning amid headlines about its 2012 outlook. Headlines are coming from the Raymond James Institutional Investors Conference.
According to Bloomberg, TCF sees FY12 comps up 1.5 - 2.5 percent, EPS up 10 - 16%, opportunities in LatAm, Canada, and "significant" opportunities in Asia, Mexico.
On its fourth-quarter conference call in February, TCF said it expects 2012 adjusted EPS of $1.80 to $1.90.
Shares are down roughly 1 percent as markets show overall weakness on headlines out of Europe.
According to Bloomberg, TCF sees FY12 comps up 1.5 - 2.5 percent, EPS up 10 - 16%, opportunities in LatAm, Canada, and "significant" opportunities in Asia, Mexico.
On its fourth-quarter conference call in February, TCF said it expects 2012 adjusted EPS of $1.80 to $1.90.
Shares are down roughly 1 percent as markets show overall weakness on headlines out of Europe.
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