Cheesecake Factory (NASDAQ: CAKE) reported Q4 EPS of $0.60, $0.02 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $585.2 million versus the consensus estimate of $598.81 million.

Comparable restaurant sales at The Cheesecake Factory restaurants increased 1.9% in the fourth quarter of fiscal 2018.

“Our key financial metrics, including Cheesecake Factory comparable restaurant sales, adjusted operating margin and adjusted earnings per share, met or exceeded our expectations during the fourth quarter,” said David Overton, Chairman and Chief Executive Officer. “Solid operational execution, illustrated by year-over-year increases in labor productivity and food efficiencies, contributed to these results.”

Overton continued, “We are also honored to be recognized as one of the ‘100 Best Companies to Work For®’ by FORTUNE magazine for the sixth consecutive year. Our people are our greatest resource and enable us to deliver delicious, memorable experiences for our guests every day. This accolade is a testament to our strong culture, industry-leading training and tangible career advancement we provide for our staff members and managers. We believe these attributes will continue to differentiate us as an employer of choice, a position that is even more critical today to support continued success in the restaurant industry.”

Overton concluded, “During fiscal 2018, we generated over $290 million in operating cash flow, which coupled with our strong balance sheet, enables us to make investments to support the Company’s growth trajectory, while continuing to return meaningful capital to our shareholders via our dividend and share repurchase program.”

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