The Cheesecake Factory net income jumps 36% in 4Q

The Cheesecake Factory Inc. on Tuesday reported a more than 36-percent increase in profit for the fourth quarter on improving guest traffic.

For the quarter ended Jan. 3, the Calabasas Hills, Calif.-based casual-dining operator reported net income of $29.9 million, or 54 cents per share, compared with $21.9 million or 36 cents per share, a year ago.

Same-store sales for the quarter rose 2.7 percent for the company’s two brands, while revenue totaled $477.7 milli

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