Cheesecake Factory (CAKE) Tops Q1 EPS by 5c; Comps Up 1.6%

Cheesecake Factory (NASDAQ: CAKE) reported Q1 EPS of $0.47, $0.05 better than the analyst estimate of $0.42. Revenue for the quarter came in at $463.02 million versus the consensus estimate of $455.12 million.

Comparable restaurant sales at The Cheesecake Factory and Grand Lux Cafe increased 1.4% in the first quarter of fiscal 2013, but were negatively impacted by approximately 0.6% due to storms in the Northeast. Excluding this weather impact, comparable restaurant sales increased 2.0%.

By concept, comparable restaurant sales grew 1.6% at The Cheesecake Factory and declined 0.9% at Grand Lux Cafe.

For earnings history and earnings-related data on Cheesecake Factory (CAKE) click here.

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