Cheesecake Factory tops $1 billion in quarterly revenue for the first time

CAKE Cheesecake Factory Inc

$108.23 -0.73%

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1. 1The Cheesecake Factory (CAKE) surpassed $1 billion in quarterly revenue for the first time.
2. 2Net income rose 25% to a record $68 million, and same-store sales increased 5.8%.
3. 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.

Source The Wall Street Journal +2 · View original ↗

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