Cheesecake Factory 4Q profit drops 25%

Cheesecake Factory 4Q profit drops 25%

Company attributes decline to higher costs

The Cheesecake Factory Inc. reported Wednesday a 25-percent decline in net income for the fourth quarter ended Dec. 30, which the company attributed to higher costs.

Despite the drop, same-store sales climbed 1.4 percent during the quarter. The company did not report same-store sales for fiscal 2014.

Cheesecake Factory chairman and CEO David Overton said it was the casual-dining chain’s fifth consecutive year of positive quarterly same-store sales. Newe

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