Everyone is looking for mouthwatering ideas... the kind that just make you drool since they are so enticing. I have three of them, and they will excite you on multiple levels.
Hopefully you are not reading this article on an empty stomach....
Let Them Eat Cake
Cheesecake Factory (CAKE) recently appeared on my radar screen even though I have been going to this restaurant and the Grand Lux for several years. My personal favorites include the baked potato soup and just about anyone of the "Glamburgers" they have on the menu.
Beyond all the good food, investors will enjoy a solid earnings history. Over the last 18 earnings reports, the company has twice missed and twice met the number, all the other times have been a positive earnings surprise. The most recent earnings release was in late April for the March 2013 quarter. The company beat the Zacks Consensus Estimate of $0.42 by a nickel for an 11.9% positive earnings surprise.
The June quarter is carrying some big expectations, with analysts calling for revenue of $475M and EPS of $0.57. Just meeting this number would make for a highly favorable comparison to the year ago revenue of $455M and $0.51 in EPS. The growth is likely due to a stronger consumer that has more discretionary income. (more)
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