Cheesecake Factory seems to be “running the very same enjoy,” wrote J.P. Morgan analyst John Ivankoe in a new cafe industry outlook. I never imagine he meant it as a compliment—the inventory, he pointed out, trades where it did in 2004, adjusted for splits.
Why the long stall-out? My to start with imagined was that it’s possible hitting the shopping mall for a hypercaloric sit-down food off a menu the size of a Gutenberg Bible has fallen out of favor around the a long time. But no: Profits have bounced back again and then some from the Covid pandemic, with lots of takeout enterprise and dessert orders. The average
Cheesecake Manufacturing unit
(ticker: CAKE) restaurant does much more than $10 million in annually profits, or two times as substantially as an Olive Backyard.
Cheesecake Factory seems to be “running the very same enjoy,” wrote J.P. Morgan analyst John Ivankoe in a new cafe industry outlook. I never imagine he meant it as a compliment—the inventory, he pointed out, trades where it did in 2004, adjusted for splits.
Why the long stall-out? My to start with imagined was that it’s possible hitting the shopping mall for a hypercaloric sit-down food off a menu the size of a Gutenberg Bible has fallen out of favor around the a long time. But no: Profits have bounced back again and then some from the Covid pandemic, with lots of takeout enterprise and dessert orders. The average
Cheesecake Manufacturing unit
(ticker: CAKE) restaurant does much more than $10 million in annually profits, or two times as substantially as an Olive Backyard.
