CALABASAS HILLS Calif. The Cheesecake Factory Inc. became the latest casual-dining operator to cite increased costs and slowed sales for a double-digit decline in profit. The operator of 157 restaurants reported Thursday a third quarter profit of $11.8 million, or 19 cents per share, down 36.4 percent from year-ago earnings of $18.5 million, or 26 cents per share.Corporate revenue for the quarter ended Sept. 30 rose nearly 8 percent to $405.1 million.Same-store sales fell 4.7 percent ...
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!