Cheesecake Factory: reports results for second quarter

Calabas Hills / CA. (cf) The Cheesecake Factory Incorporated reported financial results for the second quarter of fiscal 2007, which ended on July 03. Total revenues increased 16 percent to 373,2 million USD from 322,6 million USD in the second quarter of fiscal 2006. Net income and diluted net income per share were 23,7 million USD and 0,33 USD, respectively. Comparable restaurant sales increased 1,1 percent in the second quarter of fiscal 2007. By concept, comparable restaurant sales increased 0,8 percent at the California based company and increased 5,7 percent at Grand Lux Cafe in the second quarter of fiscal 2007. «We are encouraged by our competitively strong sales during the first half of this year in spite of the industry issues facing casual dining operators. We continue to be operationally focused on delivering a superior guest experience by providing outstanding food, service and hospitality, and believe that our positive comparable sales reflects our strong positioning», saiys David Overton, Chairman and CEO (press release).