Winter weather impacts results
(Continued from page 1) Bad winter weather dampened sales during the Dec. 31-ended fourth quarter, with systemwide same-store sales increasing a modest 0.9 percent. Same-store sales rose 1.1 percent at The Cheesecake Factory and fell 1.1 percent at the Grand Lux Cafe chain. Overall, traffic declined about 1 percent, offsetting a 2-percent menu price increase. Cheesecake Factory executive vice president and chief financial officer Douglas Benn said weather disruptions cost the company ...
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Contact: Desiree Torres Desiree.Torres@penton.com