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 ...
It’s free but we need to know a little about you to continually improve our content.
Why Register?
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 the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!