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Labor inflation a factor at Cheesecake Factory

Feb. 22, 2018 9:21 AM ETThe Cheesecake Factory Incorporated (CAKE) StockCAKEBy: Clark Schultz, SA News Editor
  • 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)

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