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Why Cheesecake Factory Stock Popped Today

TheMotleyFool

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Why Cheesecake Factory Stock Popped Today: https://g.foolcdn.com/editorial/images/881160/restaurant-stocks-gettyimages-1406731913-1500x1000-6b42342.jpg

Shares of Cheesecake Factory (NASDAQ: CAKE) rose on Wednesday after the restaurant operator's profits exceeded investors' expectations.

Image source: Getty Images.

Cheesecake Factory's revenue rose nearly 8% year over year to $1 billion in the second quarter, driven by new store openings and higher sales at existing locations.

Source Fool.com

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