The Cheesecake Factory Incorporated Announces 11% Advance In Q2 Earnings

(RTTNews) - The Cheesecake Factory Incorporated (CAKE) reported a profit for its second quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $38.59 million, or $0.78 per share. This was up from $34.72 million, or $0.69 per share, in last year's second quarter.

Analysts had expected the company to earn $0.71 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.6% to $558.86 million. This was up from $529.11 million last year.

The Cheesecake Factory Incorporated earnings at a glance:

-Earnings (Q2): $38.59 Mln. vs. $34.72 Mln. last year. -Earnings Growth (Y-o-Y): 11.1% -EPS (Q2): $0.78 vs. $0.69 last year. -EPS Growth (Y-o-Y): 13.0% -Analysts Estimate: $0.71 -Revenue (Q2): $558.86 Mln vs. $529.11 Mln last year. -Revenue Change (Y-o-Y): 5.6%