The Cheesecake Factory (CAKE)

[nostinkinc]

Cheesecake Factory 2Q EPS 29 cents; revenue up 9% to $407.1 million




NEW YORK (Thomson Financial) - The Cheesecake Factory Inc. Thursday reported
second-quarter net income of $19.1 million, or 29 cents a share. The result
includes a stock-based compensation expense of $1.6 million, a $2.2 million
increase in income tax expense and a $2.4 million decrease in income tax
expense.
The mean estimate of analysts polled by Thomson Reuters was for earnings of
29 cents a share.
Revenue for the restaurant chain rose 9% to $407.1 million, while same-store
sales dropped 4.1%. Wall Street was looking for sales of $412.5 million.
Shares of Cheesecake Factory closed Wednesday at $16.19.
Ryan Vlastelica
rv/vj

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.