Cheesecake Factory Earnings: Digital, Menu, and Labor Investments Drive Stellar Results; Shares Rich
Cheesecake Factory's namesake served up 15.2% comparable sales growth, driven by 9.5% traffic, 3.3% mix, and 2.4% pricing lifts in the third quarter. With operating leverage from higher sales, unit-level margins expanded 230 basis points to 18.7%.