CALABASAS HILLS Calif. The Cheesecake Factory Inc. reported Thursday a first-quarter profit decline from a year ago, as the weakened U.S. economy resulted in less guest traffic at its two casual-dining brands and higher operating costs pressured the bottom line. For the quarter ended April 1, net income totaled $14.3 million, or 21 cents per share, down from earnings of $18.4 million, or 24 cents per share, a year ago. In the latest quarter, Cheesecake tallied average shares ...
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