Cheesecake Factory (CAKE) Tops Q2 EPS by 6c
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The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2023 and Provides Business Update
August 2, 2023 4:15 PM EDTCALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the second quarter of fiscal 2023, which ended on July 4, 2023.
Total revenues were $866.2 million in the second quarter of fiscal 2023 compared to $832.6 million in the second quarter of fiscal 2022. Net income and diluted net income per share were $42.7 million and $0.87, respectively, in the second quarter of fiscal 2023.
The Company recorded a pre-tax net expense of $0.6 million related to Fox Restaurant Concepts (FRC) acquisition-related expenses and impairment of assets and lease termination income. Excluding the... More
