Executive David Overton News Today

By Ben Glickman Cheesecake Factory swung to a fourth-quarter profit as demand held up at its restaurants. The Calabasas Hills, Calif.-based restaurant chain...

Interior of Cheesecake Factory in Woodland Hills. Cheesecake Factory missed Wall Street estimates for its fourth quarter earnings and revenue despite bouncing back nicely since the coronavirus routed its sales and stock price last spring. The Calabasas restaurant operator on Wednesday reported an adjusted net loss of $17 million (-85 cents a share) for the quarter ended Dec. 29, down from net income of $26 million ($1.10 a share) for the same period in 2019. Revenue was $555 mil...