Cheesecake Factory (CAKE) Raises Quarterly Dividend 20.8% to $0.29; 2.5% Yield

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Go back to Cheesecake Factory (CAKE) Raises Quarterly Dividend 20.8% to $0.29; 2.5% Yield

The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2017

August 2, 2017 4:15 PM EDT

Increases Quarterly Dividend by 21%

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the second quarter of fiscal 2017, which ended on July 4, 2017.

Total revenues were $569.9 million in the second quarter of fiscal 2017 as compared to $558.9 million in the second quarter of fiscal 2016. Net income and diluted net income per share were $38.2 million and $0.78, respectively, in the second quarter of fiscal 2017.

The Company recorded a pre-tax, non-cash charge of $0.4 million during the second quarter of fiscal 2017 related to the... More