Cheesecake Factory 3Q profit dips 6%

Cheesecake Factory 3Q profit dips 6%

Company says dairy, butter costs among headwinds

The Cheesecake Factory Inc. reported a 6-percent dip in net income for the third quarter ended Sept. 30, as costs for butter and dairy rose, the company said Wednesday.

The Calabasas Hills, Calif.-based casual-dining operator said some cost increases were “unprecedented,” as it saw third-quarter profit decline to $24.2 million, or 48 cents per share, from $27.5 million the previous year.

“There are clearly some significant external cost head

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish