Net income was up a modest 1.3 percent for The Cheesecake Factory Inc. during the first quarter, but guest traffic at its casual-dining restaurants was up 1.9 percent for the quarter — the best it has seen in a year, the company said Wednesday. For the quarter ended April 3, Calabasas Hills, Calif.-based Cheesecake Factory reported net income of $20.7 million, or 37 cents per share, compared with $20.5 million, or 34 cents per share, a year ago. Revenue was up 4 percent to $435.8 ...
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Contact: Desiree Torres Desiree.Torres@penton.com