Cheesecake Factory (CAKE) Raises Quarterly Dividend 13.8% to $0.33; 2.4% Yield

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Go back to Cheesecake Factory (CAKE) Raises Quarterly Dividend 13.8% to $0.33; 2.4% Yield

The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2018

July 31, 2018 4:15 PM EDT

Increases Quarterly Dividend by 14%

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the second quarter of fiscal 2018, which ended on July 3, 2018.

Total revenues were $593.2 million in the second quarter of fiscal 2018 as compared to $569.9 million in the second quarter of fiscal 2017. Net income and diluted net income per share were $28.4 million and $0.61, respectively, in the second quarter of fiscal 2018.

The Company recorded a pre-tax charge of $2.6 million during the second quarter of fiscal 2018 related to the termination of a... More