NasdaqGS:CAKEHospitality
A Look At Cheesecake Factory (CAKE) Valuation As Energy Cost Concerns Meet Solid Recent Results
Energy cost worries meet solid recent results
Cheesecake Factory (CAKE) has been caught between rising crude oil and gasoline prices, which can pressure restaurant margins and consumer spending, and its recent revenue beat and ongoing restaurant expansion.
That tension is what many investors are reacting to, as they weigh higher input and transportation costs against the company’s report of 4.4% year on year revenue growth to US$961.6 million and record annual revenue supported by 25 new...