Cheesecake Factory Q2 Net Income Rises - Quick Facts

(RTTNews) - The Cheesecake Factory Incorporated (CAKE) reported second quarter net income of $34.7 million or $0.69, per share compared to $30.0 million or $0.59 per share, last year.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.62 for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $529.1 million compared to $496.4 million in the prior year second quarter. Comparable restaurant sales at The Cheesecake Factory restaurants increased 2.8% in the second quarter of fiscal 2015. Analysts expected revenue of $530.45 million for the quarter.

The company's Board declared a quarterly cash dividend of $0.20 per share on common stock, which equates to a 21% increase in quarterly dividend. The dividend is payable on August 18, 2015 to shareholders of record at the close of business on August 5, 2015.