The Cheesecake Factory Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 29, 2015, was 48 cents per share, compared with the S&P Capital IQ consensus estimate of 52 cents per share.
EPS climbed 13.5% year over year from 43 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $24.4 million, a gain of 11.8% from $21.8 million in the year-earlier period.
The normalized profit margin increased to 4.6% from 4.4% in the year-earlier period.
Total revenue grew 5.4% year over year to $526.8 million from $499.7 million, and total operating expenses climbed 5.0% year over year to $488.0 million from $464.9 million.
Reported net income increased 10.9% year over year to $27.2 million, or 54 cents per share, from $24.6 million, or 48 cents per share.
For the year, the company's normalized net income totaled $2.07 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.37.
EPS rose 20.9% from $1.71 in the prior year.
Normalized net income was $104.7 million, a rise of 18.6% from $88.3 million in the prior year.
Full-year total revenue rose 6.3% on an annual basis to $2.10 billion from $1.98 billion, and total operating expenses grew 5.4% year over year to $1.93 billion from $1.83 billion.
The company said reported net income grew 15.1% on an annual basis to $116.4 million, or $2.30 per share, in the full year, from $101.1 million, or $1.96 per share.