FX.co ★ The Cheesecake Factory Incorporated Q2 Profit Increases, Beats Estimates

The Cheesecake Factory Incorporated (CAKE) announced its second-quarter earnings, revealing a significant year-over-year increase and surpassing Wall Street expectations.

The company's net income for the quarter reached $52.444 million, or $1.08 per share. This is an improvement from the $42.675 million, or $0.87 per share, reported in the same quarter last year.

On an adjusted basis, excluding special items, The Cheesecake Factory's earnings were $53.153 million, or $1.09 per share.

Analysts, based on data from Thomson Reuters, had predicted the company would earn $1.00 per share. Notably, these analyst estimates generally exclude special items.

Revenue for the quarter saw a 4.4% uplift, climbing to $904.042 million from $866.170 million in the previous year.

To summarize The Cheesecake Factory's quarterly performance (GAAP):

- Earnings (Q2): $52.444 million vs. $42.675 million last year

- EPS (Q2): $1.08 vs. $0.87 last year

- Revenue (Q2): $904.042 million vs. $866.170 million last year