Cheesecake Factory Earnings Leave Sweet Taste, But Analyst Sees Tariff Trouble Brewing

Stephens analyst Jim Salera reiterated the Overweight rating on The Cheesecake Factory Incorporated CAKE, with a price forecast of $60.On Wednesday, the company reported first-quarter revenues of$927.2 million, up from $891.2 million in the year-ago period.Salera highlighted that the company's strong margin management drove outperformance across restaurant-level margins, adjusted EBITDA, and adjusted EPS.However, despite stable underlying sales trends, its revised outlook signals caution. It anticipates a ...