Cheesecake Factory (CAKE) Misses Q4 EPS by 28c

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Go back to Cheesecake Factory (CAKE) Misses Q4 EPS by 28c

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

February 17, 2021 4:15 PM EST

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

Total revenues were $554.6 million in the fourth quarter of fiscal 2020 compared to $694.0 million in the fourth quarter of fiscal 2019. Net loss available to common stockholders and diluted net loss per common share were $37.3 million and $0.85, respectively, in the fourth quarter of fiscal 2020, reflecting the impact of COVID-19. The results in this press release include the acquisition of North Italia and the... More