Cheesecake Factory (CAKE) Tops Q3 EPS by 9c

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Go back to Cheesecake Factory (CAKE) Tops Q3 EPS by 9c

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

October 29, 2020 4:15 PM EDT

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the third quarter of fiscal 2020, which ended on September 29, 2020.

Total revenues were $517.7 million in the third quarter of fiscal 2020 compared to $586.5 million in the third quarter of fiscal 2019. Net loss and diluted net loss per share were $28.3 million and $0.76, respectively, in the third 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... More