Cheesecake Factory (CAKE) Misses Q4 EPS by 2c

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Go back to Cheesecake Factory (CAKE) Misses Q4 EPS by 2c

The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2018

February 20, 2019 4:15 PM EST

CALABASAS HILLS, Calif.--(BUSINESS WIRE)-- The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2018, which ended on January 1, 2019.

Total revenues were $585.2 million in the fourth quarter of fiscal 2018 compared to $571.8 million in the fourth quarter of fiscal 2017. Net income and diluted net income per share were $16.2 million and $0.35, respectively, in the fourth quarter of fiscal 2018.

The Company recorded a pre-tax charge of $15.0 million during the fourth quarter of fiscal 2018, including $13.9 million in non-cash impairment primarily related to one restaurant in each of the... More