Cheesecake Factory Analysts Raise Their Forecasts After Better-Than-Expected Earnings

The Cheesecake Factory Incorporated CAKE reported better-than-expected earnings for its first quarter on Wednesday.The company posted quarterly earnings of 93 cents per share which beat the analyst consensus estimate of 81 cents per share. The company reported quarterly sales of $927.20 million which missed the analyst consensus estimate of$927.44 million.“Our first quarter results reflect a strong start to the year as we delivered solid topline revenue, margins and earnings, reflecting continued positive ...