Cheesecake Factory (CAKE) Tops Q2 EPS by 25c

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Go back to Cheesecake Factory (CAKE) Tops Q2 EPS by 25c

The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2020 and Provides Business Update

July 29, 2020 4:15 PM EDT

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the second quarter of fiscal 2020, which ended on June 30, 2020.

Total revenues were $295.9 million in the second quarter of fiscal 2020 compared to $602.6 million in the second quarter of fiscal 2019. Net loss and diluted net loss per share were $56.5 million and $1.61, respectively, in the second 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 Restaurant Concepts... More