Key Developments For Cheesecake Factory Inc
Cheesecake Factory Inc (CAKE.O) (Nasdaq)
The Cheesecake Factory, Inc. Raises FY 2009 Guidance; Issues Q4 2009, FY 2010 EPS Guidance In Line With Analysts' Estimates; Comments On Q4 2009, FY 2010 Comparable Sales Guidance-Conference Call
The Cheesecake Factory, Inc. announced that for fiscal 2009, it expects GAAP earnings per share (EPS) of $0.89-$0.91, comparable sales of about negative 3%, non-GAAP EPS of $0.96-$0.98, excluding previously discussed items recorded in second quarter and third quarter. For fiscal 2010, it expects diluted EPS between $1.00-1.10, based on assumed range of comparable sales between negative 1% and negative 2%. For fourth quarter of 2009, the Company expect diluted EPS of $0.18-0.20, based on assumed range of comparable sales between negative 2% and negative 3%. According to Reuters Estimates, analysts on an average were expecting the Company to report non-GAAP EPS of $0.20 for fourth quarter of 2009; non-GAAP EPS of $0.93 for fiscal 2009; non-GAAP EPS of $1.05 for fiscal 2010.
The Cheesecake Factory, Inc. Issues FY 2009 EPS Outlook Above Estimates; Issues Q3 2009 EPS Outlook In Line With Estimates; Comments On Q3, FY 2009 Comparable Sales Outlook-Conference Call
The Cheesecake Factory, Inc. announced that for fiscal 2009, it expects diluted earnings per share (EPS) on a GAAP basis of between $0.80 and $0.86 based on the assumption that comparable sales will be in a range of -3% to -4%. EPS guidance, excluding nonrecurring items which cost about $0.04 in diluted EPS, on a non-GAAP basis is $0.84 to $0.90. For the third quarter of 2009, the Company expect diluted EPS between $0.20 and $0.23 based on an assumed range of comparable sales between -4% and -5%. According to Reuters Estimates, analysts on an average were expecting the Company to report non-GAAP EPS of $0.80 for fiscal 2009 and $0.20 for the third quarter of 2009.
The Cheesecake Factory, Inc. Issues Q2, FY 2009 EPS Guidance Below Analysts' Estimates-Conference Call
The Cheesecake Factory, Inc. announced that for the second quarter of 2009, it expects diluted earnings per share (EPS) between $0.19 - $0.21. For fiscal 2009, it expects diluted EPS to be between $0.67- $0.75. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.23 for second quarter of 2009; EPS of $0.76 for fiscal 2009.
The Cheesecake Factory, Inc. Announces Opening Of Cheesecake Factory Restaurant
The Cheesecake Factory, Inc. announced the opening of its newest Cheesecake Factory restaurant at Plaza Escuela in Walnut Creek, California, in the San Francisco East Bay Area. The restaurant opened on February 19, 2009, and contains approximately 11,000 square feet and 330 seats.
The Cheesecake Factory, Inc. Issued Q1, FY 2009 EPS Guidance Below Analysts' Estimates-Conference Call
The Cheesecake Factory, Inc. announced that for first quarter of 2009, it expects diluted earnings per share (EPS) to be between $0.09-$0.11. For fiscal 2009, it expects diluted EPS to be between $0.57-$0.67. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.14 for first quarter of 2009; EPS of $0.79 for fiscal 2009.
