Lower costs, higher sales drive Cheesecake Factory 1Q

Lower costs, higher sales drive Cheesecake Factory 1Q

Same-store sales increase 1.7 percent for the quarter

The Cheesecake Factory Inc. reported Wednesday that first-quarter profit rose more than 19 percent from the same quarter a year ago, as the company benefited from lower food costs and higher sales.

Same-store sales at the Calabasas Hills, Calif.-based casual-dining chain rose 1.7 percent in the quarter ended March 29.

“We effectively kicked off 2016 with another quarter of positive comparable sales, our 25th in a row,” CEO David Overton said in a sta

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