Cheesecake Factory's stock surged 5.28% in after-hours trading on Wednesday, following the release of its first-quarter fiscal 2026 results.
The restaurant chain reported adjusted earnings per share of $1.05, beating analyst estimates of $1.01 by 3.96%. Revenue came in at $978.8 million, exceeding expectations of $964.9 million and representing a 5.57% increase year-over-year. Comparable sales at The Cheesecake Factory restaurants grew 1.6% from the prior year.
Management attributed the strong performance to resilient consumer demand for its dining experiences, improvements in labor productivity, and food efficiency gains. The company also repurchased $19.2 million worth of its stock during the quarter and announced plans to open up to 26 new restaurants in fiscal 2026.
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