Net income for The Cheesecake Factory Inc. was somewhat flat for the second quarter ended July 2, though the company made progress toward a return to peak margins. The Calabasas Hills, Calf.-based casual-dining chain took a pre-tax charge of about $1.5 million related to the planned relocation of two restaurants, which diluted earnings per share by about 2 cents. The Cheesecake Factory Inc. plans to add eight to 10 new restaurants in fiscal 2013 in the U.S. and one new unit in the Middle East.
NET INCOME
Result: $28.6 million, or 52 cents per share% Increase: 0.6% (from $28.4 million, or 52 cents per share)
REVENUE
Result: $470.1 million% Increase: 3.4% (from $454.7 million)
SAME-STORE SALES
% Increase: 0.8% systemwide
(0.9% increase at The Cheesecake Factory, 0.1% increase at Grand Lux Café)
Source: Company report
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