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Is It Time to Buy Cheesecake Factory?

TheMotleyFool

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The Cheesecake Factory Inc. (NASDAQ: CAKE) had a strong third quarter (ending Sept. 29), with revenue of $517.7 million versus the consensus estimate of $490 million. Comparable store sales were down 23%, but better than analyst expectations of a decrease of 28% and second quarter's 57% drop. The results were bolstered by strong off-premise sales and a recovery in business at its indoor dining rooms.

While its latest results were impressive and Cheesecake Factory is executing well, there are risks from increased pandemic-related restrictions being placed on restaurants globally. Here's a more detailed look at whether it's a good time to buy shares of Cheesecake Factory.

Source Fool.com

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