Cheesecake Factory (CAKE) Tops Q1 EPS by 25c

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Go back to Cheesecake Factory (CAKE) Tops Q1 EPS by 25c

The Cheesecake Factory Reports Preliminary Results for First Quarter of Fiscal 2020

May 5, 2020 4:15 PM EDT

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported preliminary financial results for the first quarter of fiscal 2020, which ended on March 31, 2020.

Total revenues were $615.1 million in the first quarter of fiscal 2020 compared to $599.5 million in the first quarter of fiscal 2019. Preliminary net loss and diluted net loss per share were $3.9 million and $0.09, respectively, in the first quarter of fiscal 2020 reflecting the impact of COVID-19. The results in this press release include the acquisition of North Italia and the remaining business of Fox... More