The Cheesecake Factory Inc. reported a 4.2-percent increase in same-store sales during the first quarter ended March 31, the company said Wednesday.
“We delivered a remarkable comparable-sales increase at The Cheesecake Factory in the first quarter, beginning our sixth consecutive year of achieving positive quarterly comparable sales,” said David Overton, the Calabasas Hills, Calif.-based operator’s chairman and CEO. “Importantly, we experienced a solid increase in guest traffic during the quarter on the strength of our brand and highly differentiated guest experience.”
The company plans to open as many as 11 restaurants domestically in 2015, with the first unit scheduled to open in the second quarter.
The Cheesecake Factory Inc. finished the quarter with 189 full-service restaurants, including 177 Cheesecake Factory locations, 11 Grand Lux Cafe units and one RockSugar Pan Asian Kitchen outlet. Internationally, nine Cheesecake Factory restaurants operate under licensing agreements.
1Q NET INCOME
Result: $28.4 million, or 56 cents per share% Increase: 26% (from $22.5 million, or 43 cents per share)
1Q REVENUE
Result: $517.9 million% Increase: 7.6% (from $481.4 million)
1Q SAME-STORE SALES
% Increase systemwide: 4.2%Source: Company report
RELATED:
• The Cheesecake Factory may acquire a new concept
• Cheesecake Factory 4Q profit drops 25%
• More restaurant finance news
Contact Lisa Jennings at [email protected].
Follow her on Twitter: @livetodineout