Shares of Cheesecake Factory Inc. rose 1.8% in premarket trading Wednesday, after the restaurant chain provided an upbeat sales update. The company said for the fiscal second-quarter through May 31 (the first quarter ended March 30), same-store sales rose 196% from a year ago, as one-third of sales was off-premise. The FactSet consensus for second-quarter same-store sales is 143.7%. The company said nearly all of its restaurants are operating with indoor dining, with an average indoor capacity o
Cheesecake Factory stock jumps after upbeat sales update
2021-06-02T13:33:50-04:00June 2nd, 2021|
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