The Cheesecake Factory posted a total revenue of $955.8 million in the second quarter of this year, compared to $904 million during the same period last year.
The company’s net income rose from $52.4 million to $54.8 million, with its income from operations increasing from $58.7 million to $64.8 million in the second quarter of this year.
“We delivered another quarter of strong results, with record-high revenue, continued margin expansion, and profitability that exceeded our guidance,” said David Overton, chairman and CEO.
“The Cheesecake Factory restaurants led our performance, with comparable sales finishing above our expectations, reflecting healthy consumer demand for the delicious, memorable dining experiences we provide.
“Our restaurant teams executed exceptionally well, delivering year-over-year improvements in labor productivity, food efficiency, wage management, hourly staff and manager retention and guest satisfaction scores, driving solid earnings growth,” he concluded.
The company opened eight new restaurants across different locations and concepts in the second quarter of the year, taking the number of openings year to date to 16.
Moving forward, Overton said that the company will focus on carrying momentum, maintaining operational discipline and continuing to drive consistent performance for the company.
