CHEESECAKE FACTORY EARNINGS SOLID.Byline: Jason Takenouchi Staff Writer The Cheesecake Factory Inc. is expected to post solid earnings today and continue a stunning streak of same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. growth. A consensus of analysts polled by First Call estimate the Agoura Hills-based restaurant firm will post third-quarter per-share earnings of 26 cents, a 24-percent jump over the same quarter last year. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. research analyst Paul Paul, 1901–64, king of the Hellenes (1947–64), brother and successor of George II. He married (1938) Princess Frederika of Brunswick. During Paul's reign Greece followed a pro-Western policy, and the Cyprus question was temporarily resolved. Westra said he also expects the company to post its 29th-straight quarter of same-store sales growth. ``That's a phenomenal track record,'' he said. The company surpassed earnings expectations last quarter, and earlier this month analysts surveyed by First Call upped their estimates from 25 cents to 26 cents. Analyst Dennis Dennis is a male first name derived from the Greco-Roman name Dionysius meaning "servant of Dionysus", the Thracian god of wine, which is ultimately derived from the Greek Dios (Διος, "of Zeus") combined with Nysos or Nysa (Νυσα), where the Forst of McDonald Investments - who estimated the company will post earnings of 27 cents - said the chain has strong prospects. ``They've they've Contraction of they have. they've have never opened a bad restaurant, and they have plenty of growth opportunities,'' Forst said. The company's restaurants are fueling much of the chain's earnings growth. But the chain is also getting a boost from economies of scale and cost-cutting measures, said Westra, the CS First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. analyst. And the company's bakery operations, which have lagged, are also poised for growth. ``This is one of the best-performing brands of the '90s,'' Westra said. ``There's huge consumer acceptance.'' |
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