The Cheesecake Factory Incorporated Announces 19% Increase In Q1 Earnings

(RTTNews) - The Cheesecake Factory Incorporated (CAKE) announced earnings for its first quarter that climbed from last year.

The company said its bottom line climbed to $33.95 million, or $0.68 per share. This was higher than $28.42 million, or $0.56 per share, in last year's first quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.9% to $553.69 million. This was up from $517.97 million last year.

The Cheesecake Factory Incorporated earnings at a glance:

-Earnings (Q1): $33.95 Mln. vs. $28.42 Mln. last year. -Earnings Growth (Y-o-Y): 19.5% -EPS (Q1): $0.68 vs. $0.56 last year. -EPS Growth (Y-o-Y): 21.4% -Analysts Estimate: $0.61 -Revenue (Q1): $553.69 Mln vs. $517.97 Mln last year. -Revenue Change (Y-o-Y): 6.9%