Recap: Cheesecake Factory Q1 Earnings

Cheesecake Factory CAKE reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Cheesecake Factory beat estimated earnings by 3.39%, reporting an EPS of $0.61 versus an estimate of $0.59.

Revenue was up $72.40 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 5.11% drop in the share price the next day.

Here's a look at Cheesecake Factory's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.57	0.28	0.78	0.51
EPS Actual	0.56	-0.03	0.52	0.47
Revenue Estimate	900.94M	799.28M	838.86M	783.45M
Revenue Actual	892.80M	784.00M	832.64M	793.71M

To track all earnings releases for Cheesecake Factory visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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