The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2013, which ended on December 31, 2013.
Total revenues were $475.1 million in the fourth quarter of fiscal 2013 as compared to $464.7 million in the prior year fourth quarter. Net income and diluted net income per share were $33.0 million and $0.62, respectively, in the fourth quarter of fiscal 2013.
The Company recorded a net pre-tax credit during the fourth quarter of fiscal 2013 primarily related to the relocation of two The Cheesecake Factory restaurants. The amount of this credit was $3.8 million, which increased diluted net income per share by approximately $0.04. Excluding this item, net income was $30.7 million and diluted net income per share
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2013, which ended on December 31, 2013.
Total revenues were $475.1 million in the fourth quarter of fiscal 2013 as compared to $464.7 million in the prior year fourth quarter. Net income and diluted net income per share were $33.0 million and $0.62, respectively, in the fourth quarter of fiscal 2013.
The Company recorded a net pre-tax credit during the fourth quarter of fiscal 2013 primarily related to the relocation of two The Cheesecake Factory restaurants. The amount of this credit was $3.8 million, which increased diluted net income per share by approximately $0.04. Excluding this item, net income was $30.7 million and diluted net income per share