The Cheesecake Factory Incorporated operates 160 upscale, full-service casual dining restaurants, 146 under The Cheesecake Factory mark in 34 states and the District of Columbia, 13 under the Grand Lux Cafe mark in nine states, and one unit of its concept, RockSugar Pan Asian Kitchena in California. The Company also operates two bakery production facilities in Calabasas Hills, California and Rocky Mount, North Carolina that produce baked desserts and other products for its restaurants and for other foodservice operators, retailers and distributors. In addition, the Company licensed two bakery cafes under The Cheesecake Factory Bakery Cafe mark to another foodservice operator. During the fiscal year ended December 30, 2008 (fiscal 2008), it closed its self-service, limited menu express foodservice operation under The Cheesecake Factory Express mark.
Quick Financial Synopsis
BRIEF: For the thirty nine weeks ended 29 September 2009, The Cheesecake Factory Incorporated's revenues decreased less than 1% to $1.2B. Net income decreased 5% to $42.8M. Revenues reflect a decrease in bakery sales and decreased income from restaurants. Net income also reflects an increase in depreciation & amortization expenses, higher other operating costs and expenses, higher general & administrative expenses and increased interest expenses.