June 27, 2016
Abstract The Cheesecake Factory(CAKE) operates throughout the United States and Puerto Rico as a full-service casual dining restaurants. They are known by their delicious varieties of cheesecakes. Currently, the Cheesecake Factory own and operate over 202 restaurants and continue to growth at a steady rate. The growth in sales have gain more than doubled earning in the past three years.
The shares of Cheesecake Factory Inc., mean rate according to NASDAQ: CAKE is 2.55. Four analysts have recommended the shares as buy, while another three recommends as outperform, and fourteen recommends to hold. In its latest …show more content…
Investors are caution when looking at these statements, since forward-looking statement speak only as of the dates on which it was created. Below is the Condensed Consolidated Financial Statement comparison fiscal 2015 first quarter with fiscal 2016 first quarter. The below Condensed Consolidated Financial Statements was retrieved from businesswire.com and show comparison from financial data taken from 13 weeks in 2015 with the first quarter fiscal year of 2016. The Cheesecake Factory Incorporated and SubsidiariesCondensed Consolidated Financial Statements(unaudited; in thousands, except per share and statistical data) | | | | | | | | 13 Weeks Ended | | 13 Weeks Ended | Consolidated Statements of Operations | | March 29, 2016 | | March 31, 2015 | | Amount | Percent of
Revenues | | Amount | Percent of
Revenues | Revenues | | $ | 553,693 | | | 100.0 | % | | $ | 517,973 | | | 100.0 | % | Costs and expenses: | | | | | | | Cost of sales | | | 130,773 | | | 23.6 | % | | | 126,612 | | | 24.4 | % | Labor expenses | | | 185,658 | | | 33.5 | % | | | 171,169 | | | 33.0 | % | Other operating costs and expenses | | | 129,557 | | | 23.4 | % | | | 123,435 | | | 23.8 | % | General and administrative expenses | | | 35,337 | | | 6.4 | % | | | 33,075 | | | 6.4 | % | Depreciation and amortization expenses | | |