Cheesecake Factory reported Q2 EPS of $1.09, beating estimates, but missed revenue expectations.

Cheesecake Factory reported better-than-expected Q2 EPS of $1.09, beating the $1.00 consensus estimate, with revenue reaching $904.04M (up 4.4% YoY). However, it missed revenue expectations of $909.19M. The company declared a quarterly dividend of $0.27. Brokerages have issued positive reports, with Bank of America raising its target price to $43.00 and Citigroup upgrading the stock to buy.

July 31, 2024
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