The Cheesecake Factory Incorporated CAKE reported second-quarter fiscal 2022 results, with both its earnings and revenues missing the Zacks Consensus Estimate. David Overton, chairman and CEO of Cheesecake Factory, stated, “The inflationary environment remains dynamic and in the second quarter we faced measurably higher costs than anticipated. During the reported quarter, comps at Cheesecake Factory restaurants increased 4.7% year over year compared with a 20.7% increase in the prior-year quarter.