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Article: The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2008.(Financial report)
- Article from:
- Business Wire
- Article date:
- February 12, 2009
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CALABASAS HILLS, Calif. -- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2008, which ended on December 30, 2008.
Total revenues decreased 1.5% to $400.4 million in the fourth quarter of fiscal 2008 from $406.3 million in the prior year fourth quarter. Net income and diluted net income per share were $7.1 million and $0.12, respectively.
In the fourth quarter of fiscal 2008, the Company recorded pre-tax, non-cash charges of $3.0 million related to the partial impairment of three Cheesecake Factory restaurants. The asset impairment charges reduced reported diluted net income per share ...