Cheesecake Factory (CAKE) Misses Q2 EPS by 26c

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Go back to Cheesecake Factory (CAKE) Misses Q2 EPS by 26c

The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2022 and Provides Business Update

July 27, 2022 4:15 PM EDT

CALABASAS HILLS, Calif.CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the second quarter of fiscal 2022, which ended on June 28, 2022.

Total revenues were $832.6 million in the second quarter of fiscal 2022 compared to $769.0 million in the second quarter of fiscal 2021. Net income and diluted net income per share were $25.7 million and $0.50, respectively, in the second quarter of fiscal 2022.

Excluding the after-tax impact of a $0.8 million charge recorded by the Company primarily associated with FRC acquisition-related items, adjusted net income and adjusted net... More