Cheesecake Factory (CAKE) Tops Q2 EPS by 9c; Raises Dividend 20%
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The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2016
July 27, 2016 4:15 PM EDTIncreases Quarterly Dividend by 20%; Expands Share Repurchase Authorization
CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the second quarter of fiscal 2016, which ended on June 28, 2016.
Total revenues were $558.9 million in the second quarter of fiscal 2016 as compared to $529.1 million in the second quarter of fiscal 2015. Net income and diluted net income per share were $38.6 million and $0.78, respectively, in the second quarter of fiscal 2016.
Comparable restaurant sales at The Cheesecake Factory restaurants increased 0.3% in the second quarter of fiscal 2016.
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