- The Cheesecake Factory (NASDAQ:CAKE) is up 1.15% in premarket action after an in-line Q4.
- The company expects Q1 EPS of $0.66 to $0.70 vs. $0.66 consensus and full-year EPS of $2.64 to $2.80. Food inflation (+3%) and labor inflation (+5%) are expected to outpace comparable sales (0% to +1%) this year.
- Labor expenses already rose 90 bps to 34.5% of sales in Q4.
- Previously: The Cheesecake Factory EPS and revenue in-line (Feb. 21)
Labor inflation a factor at Cheesecake Factory
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Symbol | Last Price | % Chg |
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CAKE | - | - |
The Cheesecake Factory Incorporated |