Company blames effects of Hurricane Irene on mixed performance
The Cheesecake Factory Inc. faulted Hurricane Irene for third-quarter losses, saying the storm took a significant toll on its restaurants over the summer, according to the company’s third-quarter earnings report. Net income declined 6.3 percent for the quarter ended Sept. 27 to $20.6 million, or 36 cents per share, compared with $22 million, or 37 cents per share, for the same period a year ago. According to Thomson Reuters, analysts expected earnings of 38 cents per share. Revenue for ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!