Cheesecake Factory (Nasdaq: CAKE) reported earnings on Feb. 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Jan. 1 (Q4), Cheesecake Factory met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share contracted. GAAP earnings per share contracted significantly.

Gross margins increased, operating margins contracted, net margins shrank.

Revenue details
Cheesecake Factory reported revenue of $464.7 million. The 23 analysts polled by S&P Capital IQ wanted to see revenue of $468.3 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.51. The 24 earnings estimates compiled by S&P Capital IQ anticipated $0.52 per share. Non-GAAP EPS of $0.51 for Q4 were 3.8% lower than the prior-year quarter's $0.53 per share. GAAP EPS of $0.40 for Q4 were 25% lower than the prior-year quarter's $0.53 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 42.9%, 70 basis points better than the prior-year quarter. Operating margin was 8.1%, 20 basis points worse than the prior-year quarter. Net margin was 4.8%, 150 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $461.0 million. On the bottom line, the average EPS estimate is $0.43.

Next year's average estimate for revenue is $1.93 billion. The average EPS estimate is $2.15.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 503 members out of 636 rating the stock outperform, and 133 members rating it underperform. Among 190 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 give Cheesecake Factory a green thumbs-up, and 17 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cheesecake Factory is hold, with an average price target of $35.95.

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