May 02, 2013 (Datamonitor via COMTEX) -- The Cheesecake Factory Incorporated has reported that net income for the first quarter ended April 2, 2013 was $25.29 million, or $0.47 per diluted share, compared to $20.72 million, or $0.37 per diluted share, for the first quarter ended April 3, 2012.
Revenues for the first quarter ended April 2, 2013 were $463.02 million, compared to $435.75 million for the first quarter ended April 3, 2012.
Income from operations for the first quarter ended April 2, 2013 was $36.79 million, compared to $30.22 million for the first quarter ended April 3, 2012.
"Our performance in the first quarter demonstrates the strength of our restaurants domestically, as well as globally, with the initial licensed Cheesecake Factory restaurants in the Middle East performing at very high levels," said David Overton, chairman and CEO.
"We are now into our fourth year of delivering positive, quarterly comparable restaurant sales. And once again, our sales solidly outpaced the industry, coming in at the top end of our expectations. Our brand is strong and relevant, with ongoing menu innovation and high service levels as key sales drivers, creating an exceptional dining experience. Operationally, we are executing very well, maintaining excellent food quality and guest satisfaction scores. We are well positioned to deliver on our goals of returning to peak operating margins and averaging 'mid-teens' earnings growth, with multiple levers in place to achieve these objectives and drive shareholder value even higher."
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