Cheesecake Factory ups menu prices to combat food costs

A Heard on the Call report following 2Q earnings

Traffic momentum continued across key regions and all dayparts at The Cheesecake Factory in the second quarter, but higher-than-expected food costs will result in a menu price increase in August.

In a call to analysts following a report on second quarter results Wednesday, David Overton, The Cheesecake Factory Inc.’s chair and chief executive, said the company saw its sixth consecutive quarter of positive same-store sales based on improved traffic trends and menu mix.

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