Content Spotlight
Tech Tracker: How digital tech is capitalizing on the hot restaurant reservations market
Tock and Google now offer experience reservations; Diibs launches as a platform for bidding on last-minute reservations
Lisa Jennings
The Cheesecake Factory Inc. reported an almost 15-percent increase in second quarter profit on Wednesday, saying the chain has continued to drive traffic and steal market share despite volatile industry trends.
RELATED
• The Cheesecake Factory wins 2012 MenuMasters award
• The Cheesecake Factory revamps menu
• More restaurant industry finance news
For the quarter ended July 3, the Calabasas Hills, Calif.-based company said net income increased 14.8 percent to $28.4 million, or 52 cents per share, compared with $24.7 million, or 42 cents per share, a year ago. Revenues increased about 5.6 percent to $454.7 million for the quarter on a same-store sales increase of 1.7 percent companywide.
By brand, The Cheesecake Factory’s same-s...
This content is available for registered users
Already have an account?