CAKE - The Cheesecake Factory: Strategy Won't Be A Piece Of Cake Outlook Not So Sweet
2024-07-03 12:11:45 ET
Summary
- Cheesecake Factory is a popular chain known for its wide variety of cheesecakes.
- CAKE's latest Q1 results beat expectations, but I have concerns about limited margin upside and elevated capex.
- Despite positive Q1 results, CAKE could be too reliant on pricing for growth. Potential downturns in consumer spending and inflation impact on consumers are headwinds.