WASHINGTON (dpa-AFX) - The Cheesecake Factory Incorporated (CAKE) reported first-quarter net income per share of $0.68 compared to $0.56, prior year. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.61 for the quarter. Analysts' estimates typically exclude special items.
Total revenues were $553.7 million in the first quarter of fiscal 2016 as compared to $518.0 million in the prior year first quarter. Analysts expected revenue of $555.09 million, for the quarter. Comparable restaurant sales at The Cheesecake Factory restaurants increased 1.7% in the first quarter of fiscal 2016.
The company's Board declared a quarterly cash dividend of $0.20 per share on the company's common stock. The dividend is payable on May 24, 2016 to shareholders of record at the close of business on May 11, 2016.
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