🔴 The Cheesecake Factory is trading 5.4% down in pre-market as earnings beat failed to stem decline

The Cheesecake Factory is trading at $102.56, down 5.4% pre-market, with the earnings reaction the clearest catalyst for the decline.

• Shares were down from the October 27 close of $108.47.
• Its October 27 report showed adjusted EPS of $1.02 versus the cited $0.91 estimate, and revenue of $1.033 billion versus $991.2 million; comparable sales rose 15.2%.
• Coverage reported shares slipping after the results; no pre-market volume data was provided.