CAKE earnings call for the period ending June 30, 2020.
News & Analysis: The Cheesecake Factory
Restaurants are hoping positive data from Moderna will enable consumers to resume their daily lives sooner rather than later.
The COVID-19 lockdown era was tough for restaurants, in general, and downright brutal for this dining destination, in particular.
Companies with strong drive-through or delivery arrangements are falling much less.
Recent COVID-19 data could be another setback for beaten-down restaurant stocks.
The company is leveraging the seating possibilities of its large dining areas as part of its strategy.
Enthusiasm for the economic recovery lifted casual-dining stocks for the second day in a row.
Shares of Red Robin, Cracker Barrel, BJ's Restaurants, and Brinker International are jumping on encouraging news from Cheesecake Factory.
Sales at reopened stores are at 75% of last year's levels, helped by continued off-premise strength.
Why Cheesecake Factory, BJ's Restaurants, and Bloomin' Brands Stocks Fell 10% (or More) This Morning
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