The Cheesecake Factory Inc. reported a 26-percent drop in net income for the fourth quarter on Wednesday, saying last year’s Superstorm Sandy took a toll on the chain’s sales in restaurants concentrated throughout the Northeast. The Calabasas Hills, Calif.-based company also said it planned to close three underperforming locations of its 14-unit Grand Lux Café concept by the end of March. However, company officials also expressed faith in the secondary brand, saying it ...
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