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 ...
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!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com