The Cheesecake Factory Inc. said Wednesday that bad winter weather and the Easter holiday shift dampened its first-quarter results. Net income for the April 1-ended quarter fell 11 percent, in part due to costs associated with a pending settlement of a legal claim and a pre-tax charge related to the relocation of one restaurant. Bad winter weather and the Easter shift had an estimated 2-percent impact on same-store sales for the quarter, but the company saw strong gift card sales during the holidays and growth in card usage.

The Calabasas Hills, Calif.-based company ended the quarter with 181 restaurants, including 169 under The Cheesecake Factory name, 11 Grand Lux Cafes, and one RockSugar Pan Asian Kitchen.


Result: $22.5 million, or 43 cents per share
% Decrease: 11% (from $25.3 million, or 47 cents per share)


Result: $481.4 million
% Increase: 4% (from $463 million)


% Increase systemwide: 0.9%

% Increase at The Cheesecake Factory: 1.2%

% Decrease at Grand Lux Cafe: 2.9%

Source: Company report

Cheesecake Factory 4Q profit rises 49.3%
Cheesecake Factory 3Q net income rises 1%
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