Cheesecake Factory tops $1 billion in quarterly revenue for the first time
CAKE Cheesecake Factory Inc
$101.14 +13.63%
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- 1The Cheesecake Factory (CAKE) surpassed $1 billion in quarterly revenue for the first time.
- 2Net income rose 25% to a record $68 million, and same-store sales increased 5.8%.
- 3The company cited operational improvements and the launch of its app as contributing factors, and projected the improving trend to continue into the third quarter.
This 3-line summary is compiled from the report below.
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