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Article: The Cheesecake Factory announces fourth-quarter results.
- Article from:
- Business Wire
- Article date:
- February 21, 1995
CopyrightCOPYRIGHT 1995 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)
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CALABASAS, Calif.--(BUSINESS WIRE)--Feb. 21, 1995--The Cheesecake Factory Inc. (NASDAQ:CAKE) Tuesday reported net income (dollars in thousands, except per-share data) for the 13 weeks ended Jan. 1, 1995, of $2,079, or 20 cents per share, an increase of 62 percent over net income of $1,280, or 14 cents per share, reported for the same period a year ago.
Revenues for the fourth quarter of 1994 totaled $24,216, compared with $18,394 last year, an increase of 32 percent. Comparable store sales at the company's restaurants rose 0.03 percent for the quarter.
Net income for the year ended Jan. 1, 1995, increased 53 percent to $7,247, or 69 cents per share, from net ...