Cheesecake Factory Q4 Profit Decreases - Quick Facts

(RTTNews) - The Cheesecake Factory Incorporated (CAKE) reported fourth-quarter net income of $24.49 million or $0.48 per share, compared to $33.00 million or $0.62 per share, prior year. Adjusted earnings per share was $0.48, for the quarter.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.60 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $499.67 million from $475.08 million last year. Analysts expected revenue of $509.08 million for the quarter. Comparable restaurant sales at Cheesecake Factory restaurants increased 1.4% in the fourth quarter of fiscal 2014.

The company's Board declared a quarterly cash dividend of $0.165 per share on common stock. The dividend is payable on March 10, 2015 to shareholders of record at the close of business on February 25, 2015.