Cheesecake Factory Reports 47% Increase in Profits
The Cheesecake Factory Inc., Woodland Hills, reported net income of $8.5 million for the third quarter ended Sept. 26, a 47% increase over $5.8 million reported for the same quarter last year. Revenue rose 21% to $111.3 million compared with $91.9 million.
The Cheesecake Factory operates 38 restaurants, a commercial bakery, and operates or licenses several food service outlets and bakeries.
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