Cheesecake Factory (CAKE) Tops Q4 EPS by 2c

Cheesecake Factory (NASDAQ: CAKE) reported Q4 EPS of $0.54, $0.02 better than the analyst estimate of $0.52. Revenue for the quarter came in at $526.8 million versus the consensus estimate of $529.12 million.

Comparable restaurant sales at The Cheesecake Factory restaurants increased 1.1% in the fourth quarter of fiscal 2015.

“The fourth quarter of 2015 marks the completion of our sixth consecutive year of delivering positive comparable sales every quarter, and a continuation of our outperformance relative to the casual dining industry,” said David Overton, Chief Executive Officer.

“We achieved a number of important milestones in 2015. We expanded our business and now operate 200 restaurants across three concepts. In addition, our international presence grew to 11 locations in operation under licensing agreements. We recorded over $2 billion in revenues for the first time, moved another step forward towards improving our operating margin, and grew adjusted earnings per share by 20%. Overall, we successfully accomplished our commitment to increasing shareholder returns in 2015 while also remaining focused on quality growth for the future,” concluded Overton.

For earnings history and earnings-related data on Cheesecake Factory (CAKE) click here.

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