Cheesecake Factory (CAKE) Tops Q1 EPS by 7c, Comps Increase 1.7%

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Go back to Cheesecake Factory (CAKE) Tops Q1 EPS by 7c, Comps Increase 1.7%

The Cheesecake Factory Reports Results for First Quarter of Fiscal 2016

April 27, 2016 4:16 PM EDT

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the first quarter of fiscal 2016, which ended on March 29, 2016.

Total revenues were $553.7 million in the first quarter of fiscal 2016 as compared to $518.0 million in the prior year first quarter. Net income and diluted net income per share were $34.0 million and $0.68, respectively, in the first quarter of fiscal 2016.

Operating Results

Comparable restaurant sales at The Cheesecake Factory restaurants increased 1.7% in the first quarter of fiscal 2016.

We effectively kicked off 2016 with another quarter of... More