The Cheesecake Factory Incorporated Profit Falls In Q4

(RTTNews) - The Cheesecake Factory Incorporated (CAKE) revealed earnings for fourth quarter that declined from last year.

The company said its profit dropped to $24.68 million, or $0.53 per share. This was lower than $32.45 million, or $0.67 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.2% to $571.82 million. This was down from $603.15 million last year.

The Cheesecake Factory Incorporated earnings at a glance:

-Earnings (Q4): $24.68 Mln. vs. $32.45 Mln. last year. -Earnings Decline (Y-o-Y): -23.9% -EPS (Q4): $0.53 vs. $0.67 last year. -EPS Decline (Y-o-Y): -20.9% -Analysts Estimate: $0.53 -Revenue (Q4): $571.82 Mln vs. $603.15 Mln last year. -Revenue Change (Y-o-Y): -5.2%