Cheesecake Factory (CAKE) Tops Q2 EPS by 9c

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Go back to Cheesecake Factory (CAKE) Tops Q2 EPS by 9c

The Cheesecake Factory Reports Results for Second Quarter of Fiscal 2024

July 31, 2024 4:15 PM EDT

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the second quarter of fiscal 2024, which ended on July 2, 2024.

Total revenues were $904.0 million in the second quarter of fiscal 2024 compared to $866.2 million in the second quarter of fiscal 2023. Net income and diluted net income per share were $52.4 million and $1.08, respectively, in the second quarter of fiscal 2024.

The Company recorded a pre-tax net expense of $1.0 million related to Fox Restaurant Concepts (FRC) acquisition-related expenses and impairment of assets and lease termination income. Excluding the... More