Cheesecake factory reports q1 preliminary adj eps of $0.04

The cheesecake factory reports preliminary results for first quarter of fiscal 2020.q1 revenue $615.1 million versus refinitiv ibes estimate of $613.7 million.q1 preliminary adjusted earnings per share $0.04.q1 loss per share $0.09.q1 earnings per share estimate $-0.34 -- refinitiv ibes data.impact of covid-19 resulted in need to perform impairment assessments of long-lived assets, goodwill.prelim comparable restaurant sales at the cheesecake factory restaurants decreased 12.9% in q1.board has suspended qtrly dividend on its common stock, as well as share repurchases.
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