CALABASAS HILLS Calif. The Cheesecake Factory Inc. reported second-quarter corporate revenue rose 15.7 percent from a year ago to $373.2 million, but same-store sales for its namesake chain remained challenging.
Same-store restaurant sales increased a scant 0.8 percent at The Cheesecake Factory chain during the quarter ended July 3. Same-store sales at the company’s Grand Lux Cafe brand rose 5.7 percent, boosting the company’s blended same-store sales result to 1.1 percent.
The Calabasas Hills-based company said it believed the positive results “represent [a] competitively strong performance within casual dining given the continued soft operating environment.”
During the second quarter, the company opened two Cheesecake Factory restaurants. It said it would maintain its new restaurant opening target for fiscal 2007, which calls for the opening of at least 21 new restaurants, including five Grand Lux Cafes.
The Cheesecake Factory, which operates about 125 namesake units and nine Grand Lux Cafes, said it would report full second-quarter financial results July 24.
