April 25 - Cheesecake Factory Inc reported
quarterly profit that topped Wall Street's view, but shares fell
5.2 percent after sales fell short of analysts' expectations.
Overall sales at restaurants open at least 18 months rose
2.4 percent in the first quarter. Same-restaurant sales rose 2.6
percent at the Cheesecake Factory and 0.3 percent at Grand
Lux Cafe, its smaller chain.
Q1 2012 Estimate* Q1 2011
Revenue $435.8 mln $439.7 mln $418.8 mln
Net income $20.7 mln $20.5 mln
EPS $0.37 $0.36 $0.34
The stock of the restaurant chain, known for its array of
cheesecakes and ample portions, fell to $29.40 in extended
trading from its close of $31.02.
* Average analyst estimate according to Thomson Reuters