CAKE earnings call for the period ending June 30, 2020.
News & Analysis: The Cheesecake Factory
The COVID-19 lockdown era was tough for restaurants, in general, and downright brutal for this dining destination, in particular.
Shares of the casual-dining chain fell on weak bottom-line results in its recent earnings report.
The casual-dining chain's share price fell after it reported that comp sales slid slightly in the second quarter.
The casual-dining chain slumped after lowering its guidance for the second quarter.
Shares of the casual-dining chain took a hit after the company warned investors about sales growth.