Cheesecake Factory (CAKE) Tops Q3 EPS by 4c

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The Cheesecake Factory Reports Results for Third Quarter of Fiscal 2019

October 29, 2019 4:15 PM EDT

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the third quarter of fiscal 2019, which ended on October 1, 2019.

Total revenues were $586.5 million in the third quarter of fiscal 2019 compared to $575.2 million in the third quarter of fiscal 2018. Net income and diluted net income per share were $16.1 million and $0.36, respectively, in the third quarter of fiscal 2019.

Excluding the after-tax impact of the $7.7 million loss on the Companys minority investments and $2.4 million in acquisition-related costs, net... More