Yahoo! Finance
10-11-2006, 12:40 PM
Yahoo Finance Investing Picks
Motley Fool
Cheesecake Factory's Stale Sales
Wednesday October 11, 11:55 am ET
By Ryan Fuhrmann, CFA
Shares of Cheesecake Factory (Nasdaq: CAKE) have had a rough six months, and yesterday's news flow did not help matters.
Cheesecake released preliminary revenue numbers for its fiscal 2006 third quarter. Total sales increased about 11% to $325 million, while same-store sales fell 1.6%. That consisted of a 2.1% comparable decrease at the namesake concept and an impressive 6.7% gain at the newer Grand Luxe Cafe concept. Fools may recall that last quarter, comps fell 1.2% at Cheesecake and grew 5.5% at Grand Luxe.
The Cheesecake Factory concept is still growing, but the Grand Luxe Cafe franchise is intended to keep total company growth chugging along in the double digits. As of the sales press release, there were 110 namesake stores and only eight Grand Luxe stores. Total sales and earnings growth has averaged an impressive 20% or more annually over the past five years, and operating cash flow has grown close to 30%.
complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/fool/061011/116058213606.html?.v=1)
Motley Fool
Cheesecake Factory's Stale Sales
Wednesday October 11, 11:55 am ET
By Ryan Fuhrmann, CFA
Shares of Cheesecake Factory (Nasdaq: CAKE) have had a rough six months, and yesterday's news flow did not help matters.
Cheesecake released preliminary revenue numbers for its fiscal 2006 third quarter. Total sales increased about 11% to $325 million, while same-store sales fell 1.6%. That consisted of a 2.1% comparable decrease at the namesake concept and an impressive 6.7% gain at the newer Grand Luxe Cafe concept. Fools may recall that last quarter, comps fell 1.2% at Cheesecake and grew 5.5% at Grand Luxe.
The Cheesecake Factory concept is still growing, but the Grand Luxe Cafe franchise is intended to keep total company growth chugging along in the double digits. As of the sales press release, there were 110 namesake stores and only eight Grand Luxe stores. Total sales and earnings growth has averaged an impressive 20% or more annually over the past five years, and operating cash flow has grown close to 30%.
complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/fool/061011/116058213606.html?.v=1)