Cheesecake Factory lays out five-year targets

|About: The Cheesecake Factory In... (CAKE)|By:, SA News Editor

Cheesecake Factory (NASDAQ:CAKE) issues new financial targets as part of an investor presentation being made today.

The company's five-year targets include 1% to 2% comparable sales growth and 5% unit growth to help the company hit revenue of about $3B in 2023 and EPS of $4.50.

Management envisions 13% to 14% total return to shareholders on average between EPS and dividends.

SEC Form 8-K

Subscribe for full text news in your inbox