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Wednesday, Nov 29, 2023

Cheesecake Factory Forecasts

The Cheesecake Factory in a conference call told investors that its second quarter revenue growth would be lower than Wall Street expectations. Officials said its second quarter revenue was expected to increase by 14.5 percent to 15.5 percent, indicating second quarter sales in the range of $369.4 million to $372.6 million. Analysts polled by Thomson Financial expected sales of $378.9 million.

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