The Cheesecake Factory Enjoys 25th Straight Positive Comparable Sales Quarter
The Cheesecake Factory Incorporated reported financial results for the first quarter of fiscal 2016, which ended on March 29.
Total revenues were $553.7 million in the first quarter of fiscal 2016 as compared to $518 million in the prior year first quarter. Net income and diluted net income per share were $34 million and $0.68, respectively, in the first quarter of fiscal 2016.
Comparable restaurant sales at The Cheesecake Factory restaurants increased 1.7 percent in the first quarter of fiscal 2016.
“We effectively kicked off 2016 with another quarter of positive comparable sales, our 25th in a row.…