The Cheesecake Factory Inc

CAKE: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cheesecake Factory Posts Decent 2Q

Zoe Tan , RJ Hottovy

Jul 23, 2010

Cheesecake Factory CAKE continued to drive decent traffic during the second quarter, despite softer demand in the overall casual dining market, affirming our view that the firm's nimble approach in adapting its menu items to changing consumer preferences will serve it well over the long run. Reported revenue and margins were in line with our expectations, and we are maintaining our fair value estimate.

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The Cheesecake Factory Inc

Cheesecake Factory Posts Decent 2Q

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