|
|
Article: The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2006.(Financial report)
- Article from:
- Business Wire
- Article date:
- February 6, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CALABASAS HILLS, Calif. -- The Cheesecake Factory Incorporated (Nasdaq:CAKE) today reported financial results for the fourth quarter of fiscal 2006, which ended on January 2, 2007.
Total revenues for the fourth quarter of fiscal 2006 were $360.7 million, an approximate 18% increase from the fourth quarter of fiscal 2005, on a 13-week basis. Fiscal 2005 was a 53-week year for the Company, with an additional week in the fourth quarter, while fiscal 2006 was a 52-week year. On a reported basis, revenues increased approximately 10% in the fourth quarter of fiscal 2006 from $328.6 million in the prior year period.
Net income was $20.4 million and diluted net ...