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Investing.com -- The Cheesecake Factory Incorporated (NASDAQ:CAKE) reported better-than-expected second quarter results on Tuesday, with both earnings and revenue exceeding analyst estimates, sending shares up 2.6% in trading.
The restaurant chain posted adjusted earnings per share of $1.16 for the second quarter, surpassing the analyst consensus of $1.06 by $0.10. Revenue reached $955.8 million, beating estimates of $947.02 million and increasing 5.7% compared to $904.0 million in the same quarter last year. Comparable restaurant sales at The Cheesecake Factory restaurants rose 1.2% YoY.
"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 Chief Executive Officer. "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."
The company maintained its expansion plans, opening eight new restaurants during the quarter across its portfolio of brands, including two Cheesecake Factory locations, one North Italia, three Flower Child’s and two Fox Restaurant Concepts restaurants. Management expects to open as many as 25 new restaurants in fiscal 2025.
As of July 1, 2025, the company reported total available liquidity of $515.3 million, including $148.8 million in cash and $366.5 million available on its revolving credit facility. The board declared a quarterly dividend of $0.27 per share, payable on August 26 to shareholders of record as of August 12.
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