The Cheesecake Factory Incorporated reported unaudited consolidated earnings results for the third quarter and nine months ended September 29, 2009. Total revenues were $400.6 million in the third quarter as compared to $405.1 million in the prior year third quarter. Income from operations was $27.3 million against $21.0 million last year. Income before income taxes was $22.0 million against $17.4 million last year. Net income was $16.2 million or $0.27 per basic and diluted share against net income of $11.8 million or $0.19 per basic and diluted share last year. Non-GAAP net income was $17.5 million or $0.29 per diluted share against $11.8 million or $0.19 per diluted share last year. In the third quarter of fiscal 2009, the company recorded an approximate $2.0 million pre-tax charge. The charge resulted from a payment to partially unwind an interest rate collar on a portion of the outstanding balance on the company's revolving credit facility. This item reduced reported diluted net income per share by approximately $0.02. Excluding this item, net income was $17.5 million, an increase of 48.2% from the prior year third quarter, and diluted net income per share was $0.29, an increase of 52.6% from the prior year period. Total revenues were $1.2 billion for the nine months ended September 29, 2009 as compared to $1.2 billion in the prior year period. Income from operations was $74.3 million against $74.7 million last year. Income before income taxes was $57.2 million against $64.5 million last year. Net income was $42.8 million or $0.72 per basic share and $0.71 per diluted share against net income of $45.2 million or $0.69 per basic and diluted share last year. Non-GAAP net income was $46.7 million or $0.78 per diluted share against $45.2 million or $0.69 per diluted share last year.

The Cheesecake Factory Incorporated expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).

The Cheesecake Factory Incorporated provided earnings guidance for the fourth quarter of 2009 and for the full years of 2009 and 2010. For the fourth quarter of 2009, the company expects diluted earnings per share of between $0.18 and $0.20 based on an assumed range of comparable sales between minus 2% and minus 3%. There are two items that the company expect will negatively impact fourth quarter comparable sales range by a total of approximately 1%. Fourth quarter estimates imply diluted earnings per share for the full year 2009 on a GAAP basis of between $0.89 and $0.91 and full year comparable sales of about minus 3%. On a non-GAAP basis, implied full year earnings per share estimate is $0.96 to $0.98, excluding the previously discussed items that recorded in the second and third quarters. The combined impact from these items cost approximately $0.07 in diluted earnings per share. The company's projection for capital spending in 2009 remains between $35 million and $40 million. Initial 2010 estimate calls for diluted earnings per share between $1.00 and $1.10 based on an assumed range of comparable sales between minus 1% and minus 2%. And on the 2010 guidance, the sales guidance of negative one and negative two and earnings per share $1.00 to $1.10. The company estimates capital expenditures in the range of $55 million to $65 million.