Business & Tech

Cheesecake Factory's Profit Exceeds Expectations

Profits for the first quarter jump 22 percent.

 

First-quarter profits for The Cheesecake Factory Inc. jumped 22 percent on higher revenue from its chain of restaurants, according to Bloomberg Business Week.

The Calabasas-based company earned $25.3 million, or 47 cents per share, for the period that ended April 2, the report said.

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Revenue increased from $435.8 million to $463 million, said the business journal.

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