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Cheesecake Factory Q2 profit climbs 16.0% YOY

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Cheesecake Factory Q2 profit climbs 16.0% YOY

The Cheesecake Factory Inc. said its second-quarter normalized net income came to 60 cents per share, compared with the S&P Capital IQ consensus estimate of 62 cents per share.

EPS rose 18.5% year over year from 51 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $30.2 million, a gain of 16.0% from $26.0 million in the second quarter ended July 1, 2014.

The normalized profit margin rose to 5.7% from 5.2% in the year-earlier period.

Total revenue rose 6.6% on an annual basis to $529.1 million from $496.4 million, and total operating expenses climbed 5.8% year over year to $479.4 million from $453.2 million.

Reported net income rose 14.5% from the prior-year period to $34.7 million, or 69 cents per share, from $30.3 million, or 59 cents per share.