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Article: CHEESECAKE FACTORY BUILT TASTY FOURTH-QUARTER PROFIT.(Business)(Statistical Data Included)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- February 8, 2000
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Byline: Marla Matzer Rose Staff Writer
CALABASAS - Diners' apparent craving for cheesecake this fall sent fourth-quarter profits soaring at Cheesecake Factory Inc., the company said Monday.
The Calabasas-based operator of 33 restaurants said net income for the period jumped 133 percent from the 1998 fourth quarter, as same-store sales improved, with eight more restaurants in the mix.
``Sales are going up and profit margins are going up . . . we're happy,'' said Jerry Deitchle, chief financial officer of the Cheesecake Factory.
For the 1999 fourth quarter, the company earned $7.02 million, or 33 cents per share, on sales of $95 ...