CALABASAS HILLS Calif. The Cheesecake Factory Inc.'s fourth-quarter profit plunged more than 46 percent as slowed sales and $3 million in asset impairment charges took their toll on the casual-dining powerhouse. The company, which operates 145 namesake restaurants and 13 Grand Lux Cafe units, said Thursday that net income for the fourth quarter ended Dec. 30 was $7.1 million, or 12 cents per share, compared to $13.3 million, or 19 cents per share, in the year-earlier quarter.Excluding ...
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Contact: Desiree Torres Desiree.Torres@penton.com