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Article: The Cheesecake Factory fourth- quarter revenues up 42 percent; new bakery operational; personnel changes.
- Article from:
- Business Wire
- Article date:
- February 22, 1996
CopyrightCOPYRIGHT 1996 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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Cheesecake Factory Inc. (NASDAQ:CAKE) Thursday reported financial results for the quarter and year ended Dec. 31, 1995.
Total revenues for the quarter ended Dec. 31, 1995, were $34.3 million, up 42 percent vs. the quarter ended Jan. 1, 1995. Net income for the quarter was $2 million, slightly less than the $2.1 million amount reported for the same quarter of the prior year.
Net income per share for the quarter ended Dec. 31, 1995, was 19 cents vs. 20 cents for the prior year's fourth quarter. Comparable restaurant sales increased 6.6 percent for the quarter. Bakery sales increased 29 percent to $5.9 million for the quarter ended Dec. 31, 1995.
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