Cheesecake Factory (CAKE) Warns for Q2

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Go back to Cheesecake Factory (CAKE) Warns for Q2

The Cheesecake Factory Updates Second Quarter Fiscal 2017 Comparable Sales Outlook

June 13, 2017 8:00 AM EDT

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today updated its outlook for second quarter fiscal 2017 comparable sales ahead of two conference presentations this week. The Company now expects comparable sales at The Cheesecake Factory restaurants for the second quarter of fiscal 2017 to be down approximately 1%. The Company expects this to impact second quarter margins and earnings per share.

We have continued to outperform the casual dining industry quarter to date, with over half of our regions posting positive comparable sales for the period, including key markets of... More