The Cheesecake Factory Incorporated Reports 23% Drop In Q3 Profit

(RTTNews) - The Cheesecake Factory Incorporated (CAKE) revealed earnings for third quarter that lost ground compared to the same period last year.

The company said its earnings declined to $26.45 million, or $0.56 per share. This was lower than $34.57 million, or $0.70 per share, in last year's third quarter.

The company said revenue for the quarter fell 0.8% to $555.39 million. This was down from $560.02 million last year.

The Cheesecake Factory Incorporated earnings at a glance:

-Earnings (Q3): $26.45 Mln. vs. $34.57 Mln. last year. -Earnings Decline (Y-o-Y): -23.5% -EPS (Q3): $0.56 vs. $0.70 last year. -EPS Decline (Y-o-Y): -20.0% -Revenue (Q3): $555.39 Mln vs. $560.02 Mln last year. -Revenue Change (Y-o-Y): -0.8%