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 NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?