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The Cheesecake Factory Incorporated Message Board

  • bluecheese4u bluecheese4u Feb 20, 2013 8:57 PM Flag

    The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2012

    The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2012

    CALABASAS HILLS, Calif.--(BUSINESS WIRE)--Feb. 20, 2013-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2012, which ended on January 1, 2013.

    Total revenues were $464.7 million in the fourth quarter of fiscal 2012 as compared to $477.7 million in the prior year fourth quarter (13 weeks vs. 14 weeks). Net income and diluted net income per share were $22.1 million and $0.40, respectively, in the fourth quarter of fiscal 2012.

    The Company recorded a pre-tax charge of $9.5 million related to discontinuing operations of three Grand Lux Cafe restaurants and impairing one The Cheesecake Factory restaurant during the fourth quarter of fiscal 2012. These items decreased diluted net income per share by approximately $0.11. Excluding these items, net income was $27.9 million and diluted net income per share was $0.51.

    Operating Results

    Comparable restaurant sales at The Cheesecake Factory and Grand Lux Cafe increased 0.9% in the fourth quarter of fiscal 2012, but were negatively impacted by approximately 0.6% due to Hurricane Sandy. Excluding this weather impact, comparable restaurant sales increased 1.5%. ...

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CAKE
45.04+0.37(+0.82%)Aug 19 4:00 PMEDT

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