Cheesecake Factory (CAKE) Misses Q4 EPS by 1c

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Go back to Cheesecake Factory (CAKE) Misses Q4 EPS by 1c

The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2016

February 22, 2017 4:15 PM EST

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2016, which ended on January 3, 2017.

Total revenues were $603.1 million in the fourth quarter of fiscal 2016 as compared to $526.8 million in the fourth quarter of fiscal 2015. The fourth quarter of fiscal 2016 included 14 weeks compared to 13 weeks in the fourth quarter of fiscal 2015; the additional week in fiscal 2016 contributed approximately $54.7 million of sales. Net income and diluted net income per share were $32.4 million and $0.66, respectively, in the fourth quarter of fiscal 2016.

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