Cheesecake Factory posts 2% uptick in 3rd-Q profit

CALABASAS HILLS Calif. The Cheesecake Factory Inc. on Tuesday reported a 2.2-percent increase in net earnings for the third quarter ended Oct. 2, despite slower traffic and a dip in average weekly sales of about 1.1 percent.

Net income was $18.5 million, or 26 cents per diluted share, compared with $18.1 million, or 23 cents per diluted share, in the same period last year.

Revenues were up 15.4 percent to $375.5 million, compared with $325.3 million

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