2023-05-10 16:22:20 ET
- The Cheesecake Factory press release ( NASDAQ: CAKE ): Q1 Non-GAAP EPS of $0.61 beats by $0.02 .
- Revenue of $866.1M (+9.1% Y/Y) misses by $6.16M .
- Comparable restaurant sales at The Cheesecake Factory restaurants increased 5.7% year-over-year in the first quarter of fiscal 2023 and increased 14.9% relative to fiscal 2019, on an operating week basis.
- In addition, in fiscal 2023 the Company expects two to three The Cheesecake Factory restaurants to open internationally under licensing agreements.
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The Cheesecake Factory Non-GAAP EPS of $0.61 beats by $0.02, revenue of $866.1M misses by $6.16M